Financial Enhancement Group LLC Takes Position in Taylor Morrison Home Co. (NYSE:TMHC)

Financial Enhancement Group LLC bought a new position in shares of Taylor Morrison Home Co. (NYSE:TMHC) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 95,334 shares of the construction company’s stock, valued at approximately $5,840,000.

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 in the third quarter valued at $29,000. Harbor Capital Advisors Inc. acquired a new position in shares of Taylor Morrison Home during the 3rd quarter worth about $34,000. UMB Bank n.a. raised its holdings in shares of Taylor Morrison Home by 263.9% in the 3rd quarter. UMB Bank n.a. now owns 535 shares of the construction company’s stock valued at $38,000 after purchasing an additional 388 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Taylor Morrison Home by 43.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company’s stock worth $49,000 after purchasing an additional 243 shares during the period. Finally, Peterson Financial Group Inc. acquired a new position in Taylor Morrison Home during the third quarter worth approximately $62,000. Institutional investors and hedge funds own 95.16% of the company’s stock.

Insider Activity

In other news, Director William H. Lyon sold 24,284 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $74.46, for a total value of $1,808,186.64. Following the transaction, the director now owns 2,045,316 shares of the company’s stock, valued at $152,294,229.36. This represents a 1.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Darrell Sherman sold 26,757 shares of Taylor Morrison Home stock in a transaction on Monday, October 28th. The stock was sold at an average price of $70.00, for a total transaction of $1,872,990.00. Following the sale, the executive vice president now directly owns 109,217 shares of the company’s stock, valued at $7,645,190. This represents a 19.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 128,549 shares of company stock worth $9,159,829. 3.50% of the stock is owned by company insiders.

Taylor Morrison Home Stock Performance

NYSE TMHC opened at $65.20 on Thursday. The company’s 50 day moving average is $66.38 and its 200-day moving average is $65.72. The company has a quick ratio of 0.69, a current ratio of 6.24 and a debt-to-equity ratio of 0.37. Taylor Morrison Home Co. has a 12-month low of $50.68 and a 12-month high of $75.49. The firm has a market cap of $6.75 billion, a P/E ratio of 8.62 and a beta of 2.01.

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

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Wedbush upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $65.00 to $85.00 in a research note on Friday, October 25th. JPMorgan Chase & Co. dropped their price objective on Taylor Morrison Home from $101.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, December 13th. Royal Bank of Canada lifted their price objective on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Wolfe Research raised Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 target price for the company in a research note on Wednesday, January 8th. Finally, BTIG Research boosted 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. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $84.00.

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.