Foundry Partners LLC Acquires New Position in Taylor Morrison Home Co. (NYSE:TMHC)

Foundry Partners LLC bought a new position in shares of Taylor Morrison Home Co. (NYSE:TMHC) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 2,864 shares of the construction company’s stock, valued at approximately $201,000.

Other hedge funds also recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new position in Taylor Morrison Home during the third quarter worth $29,000. Harbor Capital Advisors Inc. bought a new position in shares of Taylor Morrison Home in the 3rd quarter worth about $34,000. UMB Bank n.a. lifted its position 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 worth $38,000 after buying an additional 388 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Taylor Morrison Home in the 2nd quarter valued at about $31,000. Finally, Peterson Financial Group Inc. bought a new stake in shares of Taylor Morrison Home during the 3rd quarter valued at about $62,000. Institutional investors and hedge funds own 95.16% of the company’s stock.

Insiders Place Their Bets

In other Taylor Morrison Home news, Director William H. Lyon sold 9,075 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $72.08, for a total transaction of $654,126.00. Following the completion of the transaction, the director now owns 2,136,241 shares of the company’s stock, valued at $153,980,251.28. The trade was a 0.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 completion of the sale, the executive vice president now directly owns 109,217 shares in the company, valued at $7,645,190. This trade represents a 19.68 % decrease in their position. 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 three months. Insiders own 3.50% of the company’s stock.

Taylor Morrison Home Trading Up 2.3 %

NYSE:TMHC opened at $71.07 on Friday. The stock has a fifty day simple moving average of $69.40 and a 200 day simple moving average of $63.50. The firm has a market capitalization of $7.35 billion, a price-to-earnings ratio of 9.40 and a beta of 1.96. Taylor Morrison Home Co. has a 1-year low of $44.32 and a 1-year high of $74.69. 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 (NYSE:TMHC) last issued its earnings results on Wednesday, October 23rd. The construction company reported $2.37 earnings per share (EPS) 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 company had revenue of $2.12 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter last year, the business posted $1.62 EPS. The company’s revenue for the quarter was up 26.6% on a year-over-year basis. Sell-side analysts forecast that Taylor Morrison Home Co. will post 8.44 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Wedbush upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $65.00 to $85.00 in a research note on Friday, October 25th. StockNews.com upgraded Taylor Morrison Home from a “hold” rating to a “buy” rating in a research report on Thursday, October 24th. BTIG Research increased their target price 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. Zelman & Associates raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a report on Monday, August 12th. Finally, Barclays increased their price objective on shares of Taylor Morrison Home from $72.00 to $75.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Taylor Morrison Home has a consensus rating of “Moderate Buy” and an average 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.