Taylor Morrison Home Co. (NYSE:TMHC) Shares Purchased by Inspire Investing LLC

Inspire Investing LLC boosted its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 6.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,145 shares of the construction company’s stock after buying an additional 445 shares during the period. Inspire Investing LLC’s holdings in Taylor Morrison Home were worth $396,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TMHC. Rise Advisors LLC purchased a new stake in shares of Taylor Morrison Home during the first quarter valued at $26,000. ICA Group Wealth Management LLC acquired a new stake in Taylor Morrison Home during the 4th quarter worth about $27,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Taylor Morrison Home during the 2nd quarter valued at about $31,000. Fidelis Capital Partners LLC acquired a new position in shares of Taylor Morrison Home in the first quarter valued at about $82,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of Taylor Morrison Home in the first quarter valued at about $91,000. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director William H. Lyon sold 30,000 shares of the stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $66.31, for a total transaction of $1,989,300.00. Following the transaction, the director now owns 2,225,316 shares in the company, valued at approximately $147,560,703.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director William H. Lyon sold 1,741 shares of Taylor Morrison Home stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $68.03, for a total value of $118,440.23. Following the sale, the director now owns 2,195,316 shares in the company, valued at $149,347,347.48. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director William H. Lyon sold 30,000 shares of the business’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $66.31, for a total transaction of $1,989,300.00. Following the sale, the director now directly owns 2,225,316 shares of the company’s stock, valued at approximately $147,560,703.96. The disclosure for this sale can be found here. Insiders sold 90,072 shares of company stock worth $5,971,357 over the last three months. 3.50% of the stock is currently owned by corporate insiders.

Taylor Morrison Home Stock Down 2.8 %

TMHC opened at $69.87 on Friday. The company has a fifty day moving average of $65.02 and a two-hundred day moving average of $59.99. The stock has a market capitalization of $7.39 billion, a price-to-earnings ratio of 10.00 and a beta of 1.96. Taylor Morrison Home Co. has a fifty-two week low of $37.23 and a fifty-two week high of $71.95. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.67 and a current ratio of 6.01.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings results on Wednesday, July 24th. The construction company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.06. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.87 billion. Taylor Morrison Home had a return on equity of 14.99% and a net margin of 9.92%. On average, research analysts expect that Taylor Morrison Home Co. will post 8.15 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Zelman & Associates upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research report on Monday, August 12th. Wedbush reaffirmed a “neutral” rating and issued a $65.00 price objective (up from $61.00) on shares of Taylor Morrison Home in a report on Wednesday, July 24th. StockNews.com cut shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. BTIG Research raised shares of Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $78.00 price target on the stock in a report on Monday, August 19th. Finally, Barclays lifted their price objective on Taylor Morrison Home from $62.00 to $72.00 and gave the company an “equal weight” rating in a research note on Thursday, July 25th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $70.17.

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.