Massachusetts Financial Services Co. MA Buys 2,588 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Massachusetts Financial Services Co. MA grew its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 10.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,162 shares of the construction company’s stock after buying an additional 2,588 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Taylor Morrison Home were worth $1,561,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new position in shares of Taylor Morrison Home in the 4th quarter valued at $63,137,000. UBS Group AG grew its stake in Taylor Morrison Home by 44.8% in the fourth quarter. UBS Group AG now owns 156,346 shares of the construction company’s stock valued at $8,341,000 after acquiring an additional 48,380 shares during the period. Franklin Resources Inc. increased its holdings in shares of Taylor Morrison Home by 203.9% in the fourth quarter. Franklin Resources Inc. now owns 418,851 shares of the construction company’s stock worth $22,346,000 after acquiring an additional 281,017 shares in the last quarter. Innealta Capital LLC acquired a new stake in shares of Taylor Morrison Home during the fourth quarter worth about $202,000. Finally, Allianz Asset Management GmbH lifted its holdings in shares of Taylor Morrison Home by 2.2% during the 4th quarter. Allianz Asset Management GmbH now owns 412,210 shares of the construction company’s stock valued at $21,991,000 after purchasing an additional 8,829 shares in the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Taylor Morrison Home news, Director William H. Lyon sold 30,000 shares of the company’s stock in a transaction on Thursday, July 18th. The shares were 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 $147,560,703.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director William H. Lyon sold 30,000 shares of Taylor Morrison Home 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 completion of the transaction, the director now directly owns 2,225,316 shares in the company, valued at approximately $147,560,703.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William H. Lyon sold 28,259 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $68.25, for a total value of $1,928,676.75. Following the sale, the director now directly owns 2,197,057 shares of the company’s stock, valued at approximately $149,949,140.25. The disclosure for this sale can be found here. In the last 90 days, insiders sold 90,072 shares of company stock valued at $5,971,357. 3.50% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have commented on TMHC. Zelman & Associates upgraded shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a report on Monday, August 12th. StockNews.com lowered 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 objective on the stock in a research report on Monday, August 19th. Royal Bank of Canada increased their target price on Taylor Morrison Home from $63.00 to $74.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Finally, Wedbush restated a “neutral” rating and issued a $65.00 price target (up from $61.00) on shares of Taylor Morrison Home in a report on Wednesday, July 24th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $70.17.

Taylor Morrison Home Trading Down 2.8 %

Shares of NYSE:TMHC opened at $69.87 on Monday. The stock has a market capitalization of $7.39 billion, a PE ratio of 10.00 and a beta of 1.96. The company’s 50-day moving average price is $65.02 and its two-hundred day moving average price is $60.01. The company has a debt-to-equity ratio of 0.39, a current ratio of 6.01 and a quick ratio of 0.67. Taylor Morrison Home Co. has a one year low of $37.23 and a one year high of $71.95.

Taylor Morrison Home (NYSE:TMHC) last released its earnings results on Wednesday, July 24th. The construction company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.06. The business had revenue of $1.99 billion for 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, equities analysts forecast that Taylor Morrison Home Co. will post 8.15 EPS for the current fiscal 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.