Taylor Morrison Home Co. (NYSE:TMHC) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company cut its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 1.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 127,077 shares of the construction company’s stock after selling 1,871 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.12% of Taylor Morrison Home worth $7,045,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in TMHC. Rise Advisors LLC purchased a new position in Taylor Morrison Home in the 1st quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Taylor Morrison Home in the second quarter worth approximately $31,000. Fidelis Capital Partners LLC acquired a new stake in shares of Taylor Morrison Home during the first quarter valued at approximately $82,000. Meeder Asset Management Inc. purchased a new stake in shares of Taylor Morrison Home in the 1st quarter valued at approximately $91,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Taylor Morrison Home in the 2nd quarter worth approximately $100,000. 95.16% of the stock is currently owned by institutional investors.

Taylor Morrison Home Price Performance

Shares of TMHC opened at $67.76 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.67 and a current ratio of 6.01. The firm has a market cap of $7.17 billion, a PE ratio of 9.69 and a beta of 1.96. Taylor Morrison Home Co. has a twelve month low of $37.23 and a twelve month high of $71.95. The firm’s 50 day moving average price is $65.89 and its 200 day moving average price is $60.81.

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TMHC. Raymond James initiated coverage on Taylor Morrison Home in a report on Wednesday, July 24th. They issued an “outperform” rating and a $75.00 target price for the company. Wedbush restated a “neutral” rating and set a $65.00 price objective (up from $61.00) on shares of Taylor Morrison Home in a research report on Wednesday, July 24th. Zelman & Associates raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research report on Monday, August 12th. 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. Finally, Barclays upped their price objective 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 MarketBeat.com, Taylor Morrison Home has an average rating of “Moderate Buy” and a consensus price target of $70.17.

Insider Transactions at Taylor Morrison Home

In related news, Director William H. Lyon sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $66.31, for a total value 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 trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director William H. Lyon sold 1,741 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $68.03, for a total value of $118,440.23. Following the sale, the director now directly owns 2,195,316 shares of the company’s stock, valued at approximately $149,347,347.48. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William H. Lyon sold 30,000 shares of Taylor Morrison Home stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $66.31, for a total value of $1,989,300.00. Following the completion of the transaction, the director now owns 2,225,316 shares in the company, valued at $147,560,703.96. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 90,072 shares of company stock worth $5,971,357. 3.50% of the stock is owned by corporate insiders.

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.