Inspire Advisors LLC Grows Stock Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

Inspire Advisors LLC raised its position in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 68.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,500 shares of the construction company’s stock after purchasing an additional 3,441 shares during the period. Inspire Advisors LLC’s holdings in Taylor Morrison Home were worth $528,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Rise Advisors LLC purchased a new position in shares of Taylor Morrison Home in the first quarter worth about $26,000. ICA Group Wealth Management LLC purchased a new position in shares of Taylor Morrison Home in the fourth quarter worth about $27,000. Private Wealth Management Group LLC purchased a new position in shares of Taylor Morrison Home in the fourth quarter worth about $39,000. Daiwa Securities Group Inc. purchased a new position in shares of Taylor Morrison Home in the fourth quarter worth about $48,000. Finally, Headlands Technologies LLC bought a new stake in shares of Taylor Morrison Home in the fourth quarter worth about $81,000. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Insider Transactions at Taylor Morrison Home

In other news, CEO Sheryl Palmer sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $61.70, for a total value of $6,170,000.00. Following the sale, the chief executive officer now directly owns 19,211 shares of the company’s stock, valued at approximately $1,185,318.70. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 3.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on TMHC shares. Zelman & Associates raised Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a research note on Friday, April 12th. Barclays cut their target price on Taylor Morrison Home from $65.00 to $62.00 and set an “equal weight” rating on the stock in a research note on Friday. Wedbush reissued an “outperform” rating and issued a $61.00 target price on shares of Taylor Morrison Home in a research note on Thursday, May 30th. Royal Bank of Canada raised their target price on Taylor Morrison Home from $61.00 to $63.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Finally, StockNews.com raised Taylor Morrison Home from a “hold” rating to a “buy” rating in a research note on Thursday, July 11th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Taylor Morrison Home currently has an average rating of “Moderate Buy” and a consensus target price of $59.80.

Taylor Morrison Home Stock Up 4.4 %

Taylor Morrison Home stock traded up $2.72 during trading hours on Tuesday, hitting $64.16. 236,901 shares of the stock traded hands, compared to its average volume of 769,548. The firm’s 50-day moving average price is $56.90 and its two-hundred day moving average price is $56.08. The company has a current ratio of 6.16, a quick ratio of 0.91 and a debt-to-equity ratio of 0.39. The company has a market cap of $6.79 billion, a PE ratio of 9.17 and a beta of 1.95. Taylor Morrison Home Co. has a one year low of $37.23 and a one year high of $64.75.

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 business had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.66 billion. Taylor Morrison Home had a return on equity of 15.75% and a net margin of 10.30%. The business’s revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.74 EPS. On average, research analysts forecast that Taylor Morrison Home Co. will post 7.62 EPS for the current 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.