Taylor Morrison Home Co. (NYSE:TMHC) Stock Position Increased by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 6,926.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,188 shares of the construction company’s stock after purchasing an additional 10,043 shares during the period. International Assets Investment Management LLC’s holdings in Taylor Morrison Home were worth $716,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Waldron Private Wealth LLC acquired a new stake in shares of Taylor Morrison Home during the third quarter worth $131,000. Columbus Macro LLC acquired a new position in Taylor Morrison Home during the third quarter valued at $202,000. Allspring Global Investments Holdings LLC raised its position in Taylor Morrison Home by 7.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 846,270 shares of the construction company’s stock valued at $59,459,000 after buying an additional 60,021 shares during the period. Resonant Capital Advisors LLC raised its position in Taylor Morrison Home by 2.1% during the third quarter. Resonant Capital Advisors LLC now owns 9,103 shares of the construction company’s stock valued at $640,000 after buying an additional 191 shares during the period. Finally, Raymond James & Associates raised its position in Taylor Morrison Home by 8.4% during the third quarter. Raymond James & Associates now owns 62,313 shares of the construction company’s stock valued at $4,378,000 after buying an additional 4,822 shares during the period. 95.16% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Taylor Morrison Home

In other Taylor Morrison Home news, EVP Darrell Sherman sold 68,433 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $70.50, for a total value of $4,824,526.50. Following the completion of the transaction, the executive vice president now owns 109,217 shares of the company’s stock, valued at $7,699,798.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 95,262 shares of company stock valued at $6,702,557 in the last quarter. Corporate insiders own 3.50% of the company’s stock.

Taylor Morrison Home Price Performance

NYSE TMHC opened at $71.70 on Wednesday. Taylor Morrison Home Co. has a twelve month low of $41.99 and a twelve month high of $71.95. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.69 and a current ratio of 6.24. The stock has a market capitalization of $7.42 billion, a PE ratio of 9.48 and a beta of 1.96. The stock has a 50-day simple moving average of $68.14 and a 200 day simple moving average of $62.42.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.06 by $0.31. Taylor Morrison Home had a return on equity of 15.91% and a net margin of 10.39%. The business had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter in the previous year, the firm earned $1.62 EPS. The firm’s revenue was up 26.6% compared to the same quarter last year. Research analysts anticipate that Taylor Morrison Home Co. will post 8.43 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Raymond James reissued an “outperform” rating and set a $84.00 price target (up from $81.00) on shares of Taylor Morrison Home in a research report on Tuesday, October 29th. Wedbush raised Taylor Morrison Home from a “neutral” rating to an “outperform” rating and upped their price target for the company from $65.00 to $85.00 in a research report on Friday, October 25th. Barclays boosted their target price on Taylor Morrison Home from $72.00 to $75.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. StockNews.com upgraded Taylor Morrison Home from a “hold” rating to a “buy” rating in a research note on Thursday, October 24th. Finally, Royal Bank of Canada boosted their target price on Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $77.33.

About Taylor Morrison Home

Taylor Morrison Home Corporation, together with its subsidiaries, operates as a public homebuilder in the United States. The company designs, builds, and sells single and multi-family detached and attached homes; and develops lifestyle and master-planned communities. It develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name.