Bridges Investment Management Inc. Invests $391,000 in Taylor Morrison Home Co. (NYSE:TMHC)

Bridges Investment Management Inc. acquired a new position in shares of Taylor Morrison Home Co. (NYSE:TMHC) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,055 shares of the construction company’s stock, valued at approximately $391,000.

Other institutional investors have also recently bought and sold shares of the company. EMG Holdings L.P. acquired a new stake in shares of Taylor Morrison Home during the 2nd quarter valued at about $6,098,000. Inspire Investing LLC raised its position in Taylor Morrison Home by 6.6% during the second quarter. Inspire Investing LLC now owns 7,145 shares of the construction company’s stock valued at $396,000 after acquiring an additional 445 shares in the last quarter. First Eagle Investment Management LLC lifted its stake in Taylor Morrison Home by 22.6% in the second quarter. First Eagle Investment Management LLC now owns 132,901 shares of the construction company’s stock valued at $7,368,000 after acquiring an additional 24,500 shares during the last quarter. Seven Eight Capital LP bought a new stake in Taylor Morrison Home in the second quarter worth approximately $734,000. Finally, Hsbc Holdings PLC increased its stake in shares of Taylor Morrison Home by 212.5% during the 2nd quarter. Hsbc Holdings PLC now owns 31,780 shares of the construction company’s stock worth $1,768,000 after purchasing an additional 21,611 shares during the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

Insiders Place Their Bets

In related news, Director William H. Lyon sold 30,000 shares of the company’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $66.31, for a total value of $1,989,300.00. Following the sale, the director now owns 2,225,316 shares of the company’s stock, valued at $147,560,703.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director William H. Lyon sold 1,741 shares of the business’s stock in a transaction on 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 approximately $149,347,347.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William H. Lyon sold 30,000 shares of the company’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 completion of the sale, the director now directly owns 2,225,316 shares in the company, valued at approximately $147,560,703.96. The disclosure for this sale can be found here. Insiders have sold 90,072 shares of company stock worth $5,971,357 over the last 90 days. Corporate insiders own 3.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on TMHC shares. Raymond James began coverage on shares of Taylor Morrison Home in a research report on Wednesday, July 24th. They set an “outperform” rating and a $75.00 target price on the stock. Royal Bank of Canada raised their price objective on Taylor Morrison Home from $63.00 to $74.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Zelman & Associates raised Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research report on Monday, August 12th. BTIG Research upgraded shares of Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $78.00 price objective for the company in a research note on Monday, August 19th. Finally, Barclays raised their target price on shares of 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 investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $70.17.

Taylor Morrison Home Stock Performance

NYSE TMHC opened at $69.87 on Friday. The company’s fifty day moving average is $65.02 and its two-hundred day moving average is $59.99. Taylor Morrison Home Co. has a 52-week low of $37.23 and a 52-week high of $71.95. The company has a debt-to-equity ratio of 0.39, a current ratio of 6.01 and a quick ratio of 0.67. The firm 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 (NYSE:TMHC) last posted its quarterly earnings results on Wednesday, July 24th. The construction company reported $1.97 EPS for the quarter, beating the consensus estimate of $1.91 by $0.06. Taylor Morrison Home had a return on equity of 14.99% and a net margin of 9.92%. The firm had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Equities research analysts forecast that Taylor Morrison Home Co. will post 8.15 EPS for the current year.

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.