Segall Bryant & Hamill LLC Trims Stock Position in Taylor Morrison Home Co. (NYSE:TMHC)

Segall Bryant & Hamill LLC reduced its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 12.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,213 shares of the construction company’s stock after selling 11,899 shares during the period. Segall Bryant & Hamill LLC owned 0.08% of Taylor Morrison Home worth $5,987,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. MQS Management LLC acquired a new position in Taylor Morrison Home in the 3rd quarter valued at about $768,000. Janus Henderson Group PLC boosted its position in Taylor Morrison Home by 22.3% during the first quarter. Janus Henderson Group PLC now owns 76,608 shares of the construction company’s stock worth $4,761,000 after acquiring an additional 13,987 shares during the last quarter. Wedge Capital Management L L P NC grew its stake in Taylor Morrison Home by 1,910.4% in the 2nd quarter. Wedge Capital Management L L P NC now owns 727,919 shares of the construction company’s stock worth $40,356,000 after acquiring an additional 691,711 shares during the period. Creative Planning grew its position in shares of Taylor Morrison Home by 46.3% in the third quarter. Creative Planning now owns 29,723 shares of the construction company’s stock valued at $2,088,000 after purchasing an additional 9,408 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in Taylor Morrison Home by 18.5% in the second quarter. Allspring Global Investments Holdings LLC now owns 786,249 shares of the construction company’s stock valued at $43,590,000 after purchasing an additional 122,864 shares during the last quarter. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Insiders Place Their Bets

In other Taylor Morrison Home news, EVP Darrell Sherman sold 68,433 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $70.50, for a total value of $4,824,526.50. Following the transaction, the executive vice president now owns 109,217 shares of the company’s stock, valued at $7,699,798.50. This trade represents a 38.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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 transaction, the director now directly 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 a total of 104,337 shares of company stock valued at $7,356,683 in the last quarter. Insiders own 3.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on TMHC shares. BTIG Research boosted their target price on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Raymond James restated an “outperform” rating and set a $84.00 price target (up from $81.00) on shares of Taylor Morrison Home in a research note on Tuesday, October 29th. Barclays raised their price target on shares of Taylor Morrison Home from $72.00 to $75.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. Royal Bank of Canada boosted their price objective on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Wedbush raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and raised their target price for the company from $65.00 to $85.00 in a research note on Friday, October 25th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $77.33.

Taylor Morrison Home Stock Up 0.2 %

TMHC stock opened at $69.44 on Friday. The company has a current ratio of 6.24, a quick ratio of 0.69 and a debt-to-equity ratio of 0.37. The firm has a 50 day simple moving average of $69.31 and a 200-day simple moving average of $63.46. The company has a market capitalization of $7.19 billion, a P/E ratio of 9.28 and a beta of 1.96. Taylor Morrison Home Co. has a twelve month low of $44.32 and a twelve month high of $74.69.

Taylor Morrison Home (NYSE:TMHC) last released its earnings results on Wednesday, October 23rd. The construction company reported $2.37 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the previous year, the firm earned $1.62 EPS. The company’s revenue was up 26.6% on a year-over-year basis. On average, equities research analysts predict that Taylor Morrison Home Co. will post 8.44 earnings per share for the current fiscal year.

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.