Mutual of America Capital Management LLC Decreases Stock Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

Mutual of America Capital Management LLC cut its holdings in Taylor Morrison Home Co. (NYSE:TMHC) by 2.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 406,979 shares of the construction company’s stock after selling 9,374 shares during the quarter. Mutual of America Capital Management LLC owned about 0.38% of Taylor Morrison Home worth $25,302,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of TMHC. Daiwa Securities Group Inc. lifted its holdings in shares of Taylor Morrison Home by 644.4% in the first quarter. Daiwa Securities Group Inc. now owns 6,700 shares of the construction company’s stock valued at $417,000 after purchasing an additional 5,800 shares in the last quarter. Nordea Investment Management AB grew its holdings in Taylor Morrison Home by 11.2% during the 1st quarter. Nordea Investment Management AB now owns 120,611 shares of the construction company’s stock valued at $7,547,000 after purchasing an additional 12,180 shares in the last quarter. Fidelis Capital Partners LLC acquired a new stake in Taylor Morrison Home during the 1st quarter valued at $82,000. Sippican Capital Advisors bought a new position in Taylor Morrison Home during the 1st quarter valued at $218,000. Finally, Hanlon Investment Management Inc. bought a new position in shares of Taylor Morrison Home in the 1st quarter worth about $832,000. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Sheryl Palmer sold 100,000 shares of Taylor Morrison Home stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $61.70, for a total transaction of $6,170,000.00. Following the transaction, the chief executive officer now owns 19,211 shares of the company’s stock, valued at approximately $1,185,318.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

TMHC has been the topic of several recent research reports. Zelman & Associates upgraded shares of Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a research report on Friday, April 12th. StockNews.com cut shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Thursday, June 27th. Wedbush reissued an “outperform” rating and set a $61.00 target price on shares of Taylor Morrison Home in a research note on Thursday, May 30th. Finally, Royal Bank of Canada raised their target price on shares of Taylor Morrison Home from $61.00 to $63.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $59.40.

Taylor Morrison Home Price Performance

TMHC traded up $0.30 during midday trading on Monday, hitting $53.83. The company had a trading volume of 748,763 shares, compared to its average volume of 769,607. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.91 and a current ratio of 6.16. The company has a market capitalization of $5.69 billion, a PE ratio of 7.70 and a beta of 1.95. Taylor Morrison Home Co. has a twelve month low of $37.23 and a twelve month high of $62.64. The firm’s 50-day simple moving average is $56.76 and its 200-day simple moving average is $55.93.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings data on Tuesday, April 30th. The construction company reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.18. The firm had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.66 billion. Taylor Morrison Home had a net margin of 10.30% and a return on equity of 15.75%. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.74 EPS. Equities research analysts predict that Taylor Morrison Home Co. will post 7.62 EPS for the current fiscal year.

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.