Taylor Morrison Home Co. (NYSE:TMHC) Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. decreased its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 3.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 5,457 shares of the construction company’s stock after selling 202 shares during the period. Hantz Financial Services Inc.’s holdings in Taylor Morrison Home were worth $383,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD lifted its holdings in Taylor Morrison Home by 2.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 78,897 shares of the construction company’s stock valued at $4,906,000 after purchasing an additional 2,028 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Taylor Morrison Home by 22.3% in the 1st quarter. Janus Henderson Group PLC now owns 76,608 shares of the construction company’s stock valued at $4,761,000 after buying an additional 13,987 shares in the last quarter. Comerica Bank lifted its stake in Taylor Morrison Home by 18.0% in the 1st quarter. Comerica Bank now owns 53,082 shares of the construction company’s stock valued at $3,300,000 after buying an additional 8,091 shares in the last quarter. Cetera Advisors LLC acquired a new stake in shares of Taylor Morrison Home in the first quarter worth approximately $475,000. Finally, Boston Partners acquired a new stake in Taylor Morrison Home during the 1st quarter worth $1,296,000. Institutional investors and hedge funds own 95.16% of the company’s stock.

Taylor Morrison Home Stock Performance

Shares of TMHC stock opened at $73.87 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.69 and a current ratio of 6.24. The firm has a market cap of $7.64 billion, a P/E ratio of 9.77 and a beta of 1.96. The firm’s 50 day moving average price is $69.86 and its 200-day moving average price is $64.16. Taylor Morrison Home Co. has a one year low of $44.59 and a one year high of $75.49.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.37 EPS for the quarter, topping analysts’ consensus estimates of $2.06 by $0.31. Taylor Morrison Home had a return on equity of 15.91% and a net margin of 10.39%. The company had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the prior year, the firm earned $1.62 earnings per share. The firm’s revenue was up 26.6% compared to the same quarter last year. As a group, equities research analysts predict that Taylor Morrison Home Co. will post 8.44 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on TMHC. Royal Bank of Canada raised their price target 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. BTIG Research raised their target price on Taylor Morrison Home from $78.00 to $86.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Zelman & Associates raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research note on Monday, August 12th. StockNews.com raised shares of Taylor Morrison Home from a “hold” rating to a “buy” rating in a research note on Thursday, October 24th. Finally, Barclays lifted 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 research report on Thursday, October 24th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $77.33.

Insider Activity at Taylor Morrison Home

In other Taylor Morrison Home news, EVP Darrell Sherman sold 26,757 shares of the business’s stock in a transaction 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 completion of the transaction, the executive vice president now owns 109,217 shares in the company, valued at $7,645,190. The trade was a 19.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director William H. Lyon sold 24,284 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $74.46, for a total value of $1,808,186.64. Following the sale, the director now directly owns 2,045,316 shares in the company, valued at $152,294,229.36. This represents a 1.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 128,621 shares of company stock worth $9,164,869 in the last three months. 3.50% of the stock is owned by company insiders.

About Taylor Morrison Home

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.