Thurston Springer Miller Herd & Titak Inc. Boosts Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

Thurston Springer Miller Herd & Titak Inc. boosted its position in Taylor Morrison Home Co. (NYSE:TMHC) by 43.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 806 shares of the construction company’s stock after buying an additional 243 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Taylor Morrison Home were worth $49,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Resonant Capital Advisors LLC lifted its holdings in Taylor Morrison Home by 2.1% in the third quarter. Resonant Capital Advisors LLC now owns 9,103 shares of the construction company’s stock valued at $640,000 after acquiring an additional 191 shares during the period. Captrust Financial Advisors lifted its holdings in Taylor Morrison Home by 2.9% in the third quarter. Captrust Financial Advisors now owns 8,340 shares of the construction company’s stock valued at $586,000 after acquiring an additional 234 shares during the period. UMB Bank n.a. lifted its holdings in Taylor Morrison Home by 263.9% in the third quarter. UMB Bank n.a. now owns 535 shares of the construction company’s stock valued at $38,000 after acquiring an additional 388 shares during the period. V Square Quantitative Management LLC acquired a new stake in Taylor Morrison Home in the third quarter valued at $29,000. Finally, Highland Capital Management LLC lifted its holdings in Taylor Morrison Home by 11.3% in the third quarter. Highland Capital Management LLC now owns 4,250 shares of the construction company’s stock valued at $299,000 after acquiring an additional 431 shares during the period. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Taylor Morrison Home

In other news, EVP Darrell Sherman sold 26,757 shares of the company’s stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 109,217 shares of the company’s stock, valued at $7,645,190. This represents a 19.68 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director William H. Lyon sold 24,284 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $74.46, for a total transaction of $1,808,186.64. Following the transaction, the director now directly owns 2,045,316 shares of the company’s stock, valued at approximately $152,294,229.36. This represents a 1.17 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 128,549 shares of company stock valued at $9,159,829. 3.50% of the stock is owned by insiders.

Taylor Morrison Home Trading Down 1.0 %

NYSE:TMHC opened at $65.71 on Friday. The stock has a fifty day simple moving average of $66.12 and a 200-day simple moving average of $65.89. Taylor Morrison Home Co. has a 52-week low of $50.99 and a 52-week high of $75.49. The company has a market capitalization of $6.80 billion, a PE ratio of 8.69 and a beta of 2.01. 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 (NYSE:TMHC) last announced its earnings results on Wednesday, October 23rd. The construction company reported $2.37 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $1.96 billion. During the same quarter in the previous year, the company posted $1.62 EPS. The firm’s revenue for the quarter was up 26.6% on a year-over-year basis. On average, equities research analysts expect that Taylor Morrison Home Co. will post 8.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on TMHC. StockNews.com downgraded Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Wedbush raised Taylor Morrison Home from a “neutral” rating to an “outperform” rating and raised their target price for the company from $65.00 to $85.00 in a report on Friday, October 25th. JPMorgan Chase & Co. reduced their target price on Taylor Morrison Home from $101.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, December 13th. Royal Bank of Canada lifted their price target on Taylor Morrison Home from $74.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Wolfe Research raised Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price target for the company in a research note on Wednesday, January 8th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.00.

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.