Acadian Asset Management LLC Sells 355,833 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Acadian Asset Management LLC lessened its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 16.4% during the first quarter, Holdings Channel.com reports. The institutional investor owned 1,811,426 shares of the construction company’s stock after selling 355,833 shares during the quarter. Acadian Asset Management LLC’s holdings in Taylor Morrison Home were worth $112,605,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Taylor Morrison Home in the 4th quarter worth about $63,137,000. Allspring Global Investments Holdings LLC lifted its stake in Taylor Morrison Home by 4,586.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 663,385 shares of the construction company’s stock valued at $41,243,000 after purchasing an additional 649,230 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Taylor Morrison Home by 3,268.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 452,087 shares of the construction company’s stock valued at $24,119,000 after acquiring an additional 438,664 shares during the period. Assetmark Inc. increased its holdings in shares of Taylor Morrison Home by 99.3% in the fourth quarter. Assetmark Inc. now owns 786,812 shares of the construction company’s stock worth $41,976,000 after purchasing an additional 391,964 shares during the period. Finally, Lord Abbett & CO. LLC increased its holdings in shares of Taylor Morrison Home by 203.0% in the first quarter. Lord Abbett & CO. LLC now owns 440,717 shares of the construction company’s stock worth $27,400,000 after purchasing an additional 295,256 shares during the period. Institutional investors and hedge funds own 95.16% of the company’s stock.

Taylor Morrison Home Trading Down 0.5 %

TMHC traded down $0.33 during trading hours on Friday, reaching $64.30. The company’s stock had a trading volume of 599,084 shares, compared to its average volume of 923,045. The company has a debt-to-equity ratio of 0.39, a current ratio of 6.16 and a quick ratio of 0.91. The business’s 50-day moving average is $57.34 and its 200-day moving average is $56.38. Taylor Morrison Home Co. has a fifty-two week low of $37.23 and a fifty-two week high of $67.66. The stock has a market cap of $6.80 billion, a PE ratio of 9.20 and a beta of 1.95.

Taylor Morrison Home (NYSE:TMHC) last posted its earnings results on Tuesday, April 30th. The construction company reported $1.75 EPS for the quarter, topping 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 business had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter in the previous year, the firm earned $1.74 earnings per share. The business’s revenue was up 2.3% compared to the same quarter last year. As a group, equities research analysts predict that Taylor Morrison Home Co. will post 7.62 earnings per share for the current fiscal year.

Analyst Ratings Changes

TMHC has been the subject of several analyst reports. Wedbush restated an “outperform” rating and set a $61.00 price target on shares of Taylor Morrison Home in a research report on Thursday, May 30th. Barclays reduced their price target on shares of Taylor Morrison Home from $65.00 to $62.00 and set an “equal weight” rating for the company in a research report on Friday, July 12th. StockNews.com cut shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Friday. Zelman & Associates upgraded shares of Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a research report on Friday, April 12th. Finally, Royal Bank of Canada lifted 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. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Taylor Morrison Home has a consensus rating of “Hold” and a consensus price target of $59.80.

Insider Activity

In other Taylor Morrison Home news, Director William H. Lyon sold 30,000 shares of the business’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $64.33, for a total value of $1,929,900.00. Following the completion of the transaction, the director now directly owns 2,255,316 shares in the company, valued at approximately $145,084,478.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director William H. Lyon sold 30,000 shares of the company’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $64.33, for a total value of $1,929,900.00. Following the sale, the director now owns 2,255,316 shares in the company, valued at approximately $145,084,478.28. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Sheryl Palmer sold 100,000 shares of the company’s stock in a transaction dated Wednesday, May 15th. The stock was 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 approximately $1,185,318.70. The disclosure for this sale can be found here. Insiders own 3.50% of the company’s stock.

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.