Royce & Associates LP Purchases 2,940 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Royce & Associates LP grew its position in Taylor Morrison Home Co. (NYSE:TMHC) by 1.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 163,063 shares of the construction company’s stock after purchasing an additional 2,940 shares during the quarter. Royce & Associates LP owned approximately 0.16% of Taylor Morrison Home worth $11,457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new position in shares of Taylor Morrison Home during the 3rd quarter worth $29,000. Harbor Capital Advisors Inc. acquired a new stake in shares of Taylor Morrison Home during the third quarter worth about $34,000. UMB Bank n.a. lifted its stake in Taylor Morrison Home by 263.9% during the 3rd 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. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Taylor Morrison Home in the 2nd quarter valued at $31,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Taylor Morrison Home in the second quarter worth $100,000. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Stock Performance

NYSE:TMHC opened at $70.02 on Friday. The company has a fifty day moving average of $68.99 and a two-hundred day moving average of $63.14. Taylor Morrison Home Co. has a fifty-two week low of $44.32 and a fifty-two week high of $74.69. The stock has a market capitalization of $7.25 billion, a PE ratio of 9.26 and a beta of 1.96. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.69 and a current ratio of 6.24.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.37 earnings per share for the quarter, beating 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 firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period last year, the company posted $1.62 EPS. Taylor Morrison Home’s quarterly revenue was up 26.6% compared to the same quarter last year. As a group, research analysts forecast that Taylor Morrison Home Co. will post 8.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TMHC has been the topic of several recent research reports. Raymond James reaffirmed an “outperform” rating and issued a $84.00 price target (up from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th. Royal Bank of Canada raised their target price on Taylor Morrison Home from $74.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Barclays boosted their price target on Taylor Morrison Home from $72.00 to $75.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. BTIG Research raised their price objective on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Zelman & Associates upgraded shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research note on Monday, August 12th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $77.33.

Insider Transactions at Taylor Morrison Home

In other Taylor Morrison Home news, EVP Darrell Sherman sold 26,757 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $70.00, for a total value of $1,872,990.00. Following the transaction, the executive vice president now directly owns 109,217 shares of the company’s stock, valued at $7,645,190. This trade represents a 19.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William H. Lyon sold 9,075 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $72.08, for a total value of $654,126.00. Following the completion of the sale, the director now owns 2,136,241 shares of the company’s stock, valued at $153,980,251.28. This trade represents a 0.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 104,337 shares of company stock valued at $7,356,683 over the last ninety days. Insiders own 3.50% of the company’s stock.

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.