Taylor Morrison Home Co. (NYSE:TMHC) Shares Acquired by Manchester Capital Management LLC

Manchester Capital Management LLC lifted its position in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 1,382.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,025 shares of the construction company’s stock after acquiring an additional 2,821 shares during the quarter. Manchester Capital Management LLC’s holdings in Taylor Morrison Home were worth $188,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Nordea Investment Management AB boosted its holdings in Taylor Morrison Home by 30.4% during the fourth quarter. Nordea Investment Management AB now owns 108,431 shares of the construction company’s stock worth $5,823,000 after buying an additional 25,250 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Taylor Morrison Home by 4,586.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 663,385 shares of the construction company’s stock worth $41,243,000 after buying an additional 649,230 shares in the last quarter. TCW Group Inc. boosted its holdings in Taylor Morrison Home by 118.2% during the fourth quarter. TCW Group Inc. now owns 57,315 shares of the construction company’s stock worth $3,058,000 after buying an additional 31,045 shares in the last quarter. Journey Strategic Wealth LLC purchased a new stake in Taylor Morrison Home during the fourth quarter worth about $235,000. Finally, BNP Paribas Financial Markets boosted its holdings in Taylor Morrison Home by 127.6% during the first quarter. BNP Paribas Financial Markets now owns 203,435 shares of the construction company’s stock worth $12,648,000 after buying an additional 114,034 shares in the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Sheryl Palmer sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $61.70, for a total transaction of $6,170,000.00. Following the completion of the transaction, the chief executive officer now owns 19,211 shares of the company’s stock, valued at $1,185,318.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.50% of the company’s stock.

Taylor Morrison Home Trading Up 2.7 %

Shares of NYSE:TMHC traded up $1.61 during trading on Friday, reaching $60.97. The stock had a trading volume of 161,666 shares, compared to its average volume of 767,631. The business has a fifty day moving average price of $56.77 and a 200-day moving average price of $55.95. The company has a quick ratio of 0.91, a current ratio of 6.16 and a debt-to-equity ratio of 0.39. The stock has a market cap of $6.45 billion, a P/E ratio of 8.50 and a beta of 1.95. Taylor Morrison Home Co. has a fifty-two week low of $37.23 and a fifty-two week high of $62.64.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings data on Tuesday, April 30th. The construction company reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.18. The business had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.66 billion. Taylor Morrison Home had a net margin of 10.30% and a return on equity of 15.75%. The company’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.74 earnings per share. As a group, analysts anticipate that Taylor Morrison Home Co. will post 7.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Wedbush reaffirmed an “outperform” rating and issued a $61.00 price target on shares of Taylor Morrison Home in a report on Thursday, May 30th. StockNews.com raised shares of Taylor Morrison Home from a “hold” rating to a “buy” rating in a report on Thursday. Zelman & Associates raised shares of Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a report on Friday, April 12th. Finally, Royal Bank of Canada upped their price target on shares of Taylor Morrison Home from $61.00 to $63.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Taylor Morrison Home currently has a consensus rating of “Moderate Buy” and an average price target of $59.40.

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.