Thrivent Financial for Lutherans Sells 1,065 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Thrivent Financial for Lutherans decreased its stake in Taylor Morrison Home Co. (NYSE:TMHC) by 4.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,490 shares of the construction company’s stock after selling 1,065 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Taylor Morrison Home were worth $1,721,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TMHC. MQS Management LLC bought a new position in Taylor Morrison Home in the 3rd quarter worth $768,000. Janus Henderson Group PLC grew its holdings in Taylor Morrison Home by 22.3% during the 1st quarter. Janus Henderson Group PLC now owns 76,608 shares of the construction company’s stock valued at $4,761,000 after buying an additional 13,987 shares in the last quarter. Wedge Capital Management L L P NC raised its position in shares of Taylor Morrison Home by 1,910.4% during the second quarter. Wedge Capital Management L L P NC now owns 727,919 shares of the construction company’s stock valued at $40,356,000 after buying an additional 691,711 shares during the last quarter. Creative Planning lifted its holdings in shares of Taylor Morrison Home by 46.3% in the third quarter. Creative Planning now owns 29,723 shares of the construction company’s stock worth $2,088,000 after buying an additional 9,408 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Taylor Morrison Home by 18.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 786,249 shares of the construction company’s stock worth $43,590,000 after acquiring an additional 122,864 shares during the last quarter. Institutional investors own 95.16% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. StockNews.com upgraded shares of Taylor Morrison Home from a “hold” rating to a “buy” rating in a research note on Thursday, October 24th. Royal Bank of Canada boosted their target price on Taylor Morrison Home from $74.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Raymond James restated an “outperform” rating and set a $84.00 price target (up previously from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th. Zelman & Associates raised Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a report on Monday, August 12th. Finally, Wedbush upgraded shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $65.00 to $85.00 in a research report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Taylor Morrison Home has a consensus rating of “Moderate Buy” and a consensus price target of $77.33.

Insiders Place Their Bets

In related news, Director William H. Lyon sold 9,075 shares of Taylor Morrison Home stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $72.08, for a total value of $654,126.00. Following the completion of the sale, the director now directly owns 2,136,241 shares in the company, valued at $153,980,251.28. The trade was a 0.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Darrell Sherman sold 26,757 shares of Taylor Morrison Home stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $70.00, for a total transaction of $1,872,990.00. Following the transaction, the executive vice president now directly owns 109,217 shares in the company, valued at approximately $7,645,190. The trade was a 19.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 128,621 shares of company stock valued at $9,164,869 over the last 90 days. Insiders own 3.50% of the company’s stock.

Taylor Morrison Home Price Performance

Shares of Taylor Morrison Home stock opened at $73.89 on Friday. The stock has a 50 day moving average price of $69.86 and a 200-day moving average price of $64.11. Taylor Morrison Home Co. has a one year low of $44.59 and a one year high of $75.49. The stock has a market cap of $7.65 billion, a price-to-earnings ratio of 9.77 and a beta of 1.96. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.69 and a current ratio of 6.24.

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, beating analysts’ consensus estimates of $2.06 by $0.31. The business had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Taylor Morrison Home had a net margin of 10.39% and a return on equity of 15.91%. The business’s revenue was up 26.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.62 earnings per share. Equities analysts expect that Taylor Morrison Home Co. will post 8.44 EPS for the current year.

Taylor Morrison Home Company Profile

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.