Taylor Morrison Home Co. (NYSE:TMHC) Shares Sold by Leuthold Group LLC

Leuthold Group LLC decreased its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 0.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 84,560 shares of the construction company’s stock after selling 180 shares during the quarter. Leuthold Group LLC owned approximately 0.08% of Taylor Morrison Home worth $5,257,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TMHC. Rise Advisors LLC purchased a new position in Taylor Morrison Home during the first quarter worth $26,000. ICA Group Wealth Management LLC acquired a new position in shares of Taylor Morrison Home in the fourth quarter worth about $27,000. Private Wealth Management Group LLC bought a new stake in Taylor Morrison Home in the fourth quarter valued at about $39,000. Daiwa Securities Group Inc. bought a new stake in Taylor Morrison Home in the fourth quarter valued at about $48,000. Finally, Headlands Technologies LLC bought a new position in shares of Taylor Morrison Home during the fourth quarter valued at approximately $81,000. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Trading Up 3.6 %

NYSE:TMHC traded up $2.15 during trading hours on Friday, hitting $61.51. The company had a trading volume of 385,320 shares, compared to its average volume of 769,312. The company has a market capitalization of $6.51 billion, a PE ratio of 8.75 and a beta of 1.95. The stock has a 50-day moving average price of $56.77 and a 200 day moving average price of $55.95. Taylor Morrison Home Co. has a 52 week low of $37.23 and a 52 week high of $62.64. The company has a debt-to-equity ratio of 0.39, a current ratio of 6.16 and a quick ratio of 0.91.

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

Insider Activity at Taylor Morrison Home

In other Taylor Morrison Home news, CEO Sheryl Palmer sold 100,000 shares of Taylor Morrison Home 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 sale, the chief executive officer now directly owns 19,211 shares in the company, valued at approximately $1,185,318.70. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

TMHC has been the subject of a number of recent research reports. Barclays cut their target price on shares of Taylor Morrison Home from $65.00 to $62.00 and set an “equal weight” rating on the stock in a research note on Friday. Zelman & Associates raised shares of Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a research report on Friday, April 12th. StockNews.com upgraded shares of Taylor Morrison Home from a “hold” rating to a “buy” rating in a report on Thursday. Royal Bank of Canada increased their target price on shares of Taylor Morrison Home from $61.00 to $63.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Finally, Wedbush reiterated an “outperform” rating and issued a $61.00 target price on shares of Taylor Morrison Home in a research note on Thursday, May 30th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Taylor Morrison Home presently has an average rating of “Moderate Buy” and a consensus price target of $59.80.

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.