Donald Smith & CO. Inc. Sells 206,820 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Donald Smith & CO. Inc. reduced its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 9.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,940,879 shares of the construction company’s stock after selling 206,820 shares during the period. Taylor Morrison Home accounts for about 3.2% of Donald Smith & CO. Inc.’s portfolio, making the stock its 10th largest holding. Donald Smith & CO. Inc. owned approximately 1.84% of Taylor Morrison Home worth $136,366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in TMHC. Allspring Global Investments Holdings LLC lifted its holdings 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 acquiring an additional 649,230 shares during the last quarter. Janus Henderson Group PLC raised its position in Taylor Morrison Home by 22.3% in the first quarter. Janus Henderson Group PLC now owns 76,608 shares of the construction company’s stock valued at $4,761,000 after purchasing an additional 13,987 shares during the period. Sei Investments Co. raised its position in Taylor Morrison Home by 36.7% in the first quarter. Sei Investments Co. now owns 366,987 shares of the construction company’s stock valued at $22,816,000 after purchasing an additional 98,539 shares during the period. BNP Paribas Financial Markets increased its position in shares of 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 acquiring an additional 114,034 shares during the period. Finally, SG Americas Securities LLC increased its position in shares of Taylor Morrison Home by 173.0% during the first quarter. SG Americas Securities LLC now owns 18,828 shares of the construction company’s stock worth $1,171,000 after acquiring an additional 11,931 shares during the period. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Taylor Morrison Home Price Performance

Taylor Morrison Home stock traded up $0.41 during mid-day trading on Wednesday, reaching $70.20. The company had a trading volume of 225,120 shares, compared to its average volume of 793,776. Taylor Morrison Home Co. has a 1 year low of $37.64 and a 1 year high of $71.95. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.24 and a quick ratio of 0.69. The company has a market capitalization of $7.42 billion, a P/E ratio of 9.98 and a beta of 1.96. The stock’s 50-day simple moving average is $67.85 and its 200-day simple moving average is $61.88.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.37 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period last year, the company posted $1.62 EPS. The company’s revenue was up 26.6% on a year-over-year basis. On average, equities analysts predict that Taylor Morrison Home Co. will post 8.27 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. BTIG Research upped their price objective on Taylor Morrison Home from $78.00 to $86.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Raymond James restated an “outperform” rating and issued a $84.00 price objective (up previously from $81.00) on shares of Taylor Morrison Home in a research note on Tuesday. Barclays upped their price objective on shares of Taylor Morrison Home from $72.00 to $75.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Wedbush upgraded shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $65.00 to $85.00 in a research note on Friday, October 25th. Finally, Zelman & Associates raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a report on Monday, August 12th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $77.33.

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.