Park Avenue Securities LLC Boosts Stake in Taylor Morrison Home Co. (NYSE:TMHC)

Park Avenue Securities LLC increased its position in Taylor Morrison Home Co. (NYSE:TMHC) by 25.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,710 shares of the construction company’s stock after purchasing an additional 1,547 shares during the quarter. Park Avenue Securities LLC’s holdings in Taylor Morrison Home were worth $472,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its stake in Taylor Morrison Home by 44.4% during the second quarter. Envestnet Asset Management Inc. now owns 143,303 shares of the construction company’s stock worth $7,945,000 after acquiring an additional 44,090 shares in the last quarter. Hsbc Holdings PLC grew its stake in shares of Taylor Morrison Home by 212.5% in the second quarter. Hsbc Holdings PLC now owns 31,780 shares of the construction company’s stock worth $1,768,000 after acquiring an additional 21,611 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Taylor Morrison Home during the 2nd quarter valued at $168,000. Caxton Associates LP increased its position in Taylor Morrison Home by 9.2% during the second quarter. Caxton Associates LP now owns 37,799 shares of the construction company’s stock valued at $2,096,000 after acquiring an additional 3,178 shares during the last quarter. Finally, AXA S.A. bought a new position in shares of Taylor Morrison Home in the 2nd quarter worth approximately $5,950,000. 95.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TMHC. Wedbush raised Taylor Morrison Home from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $65.00 to $85.00 in a report on Friday, October 25th. Royal Bank of Canada boosted their target price on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. 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 note on Tuesday, October 29th. JPMorgan Chase & Co. decreased their price target on shares of Taylor Morrison Home from $101.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, December 13th. Finally, Barclays raised shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $75.00 to $90.00 in a research note on Wednesday, December 11th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $84.00.

Insiders Place Their Bets

In other news, Director William H. Lyon sold 9,075 shares of Taylor Morrison Home stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $72.08, for a total transaction of $654,126.00. Following the completion of the sale, the director now directly owns 2,136,241 shares in the company, valued at approximately $153,980,251.28. This trade represents a 0.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Darrell Sherman sold 26,757 shares of the business’s stock in a transaction 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 sale, the executive vice president now directly owns 109,217 shares of the company’s stock, valued at $7,645,190. This represents a 19.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 128,549 shares of company stock valued at $9,159,829 over the last 90 days. Insiders own 3.50% of the company’s stock.

Taylor Morrison Home Stock Down 0.1 %

NYSE TMHC opened at $66.07 on Friday. The company has a quick ratio of 0.69, a current ratio of 6.24 and a debt-to-equity ratio of 0.37. Taylor Morrison Home Co. has a 52 week low of $50.99 and a 52 week high of $75.49. The firm has a market capitalization of $6.84 billion, a price-to-earnings ratio of 8.74 and a beta of 2.01. The company has a fifty day moving average of $65.81 and a two-hundred day moving average of $66.14.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.37 EPS for the quarter, topping analysts’ consensus estimates of $2.06 by $0.31. Taylor Morrison Home had a net margin of 10.39% and a return on equity of 15.91%. The firm had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the previous year, the company earned $1.62 EPS. The firm’s revenue for the quarter was up 26.6% compared to the same quarter last year. On average, analysts predict that Taylor Morrison Home Co. will post 8.44 earnings per share for the current year.

Taylor Morrison Home 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.