9,328 Shares in Taylor Morrison Home Co. (NYSE:TMHC) Acquired by Schubert & Co

Schubert & Co bought a new stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) in the third quarter, HoldingsChannel reports. The institutional investor bought 9,328 shares of the construction company’s stock, valued at approximately $655,000. Taylor Morrison Home makes up about 0.5% of Schubert & Co’s portfolio, making the stock its 22nd largest position.

Several other institutional investors have also added to or reduced their stakes in TMHC. Rise Advisors LLC purchased a new stake in shares of Taylor Morrison Home in the 1st quarter worth $26,000. V Square Quantitative Management LLC purchased a new stake in Taylor Morrison Home in the third quarter worth about $29,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Taylor Morrison Home in the second quarter worth about $31,000. UMB Bank n.a. raised its stake in shares of Taylor Morrison Home by 263.9% in the third 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 period. Finally, Fidelis Capital Partners LLC purchased a new position in shares of Taylor Morrison Home during the 1st quarter valued at about $82,000. 95.16% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director William H. Lyon sold 28,259 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $68.25, for a total value of $1,928,676.75. Following the sale, the director now owns 2,197,057 shares in the company, valued at approximately $149,949,140.25. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Taylor Morrison Home news, Director William H. Lyon sold 1,741 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $68.03, for a total transaction of $118,440.23. Following the sale, the director now directly owns 2,195,316 shares in the company, valued at $149,347,347.48. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director William H. Lyon sold 28,259 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $68.25, for a total value of $1,928,676.75. Following the completion of the sale, the director now directly owns 2,197,057 shares of the company’s stock, valued at $149,949,140.25. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,072 shares of company stock worth $2,052,157. 3.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TMHC. Barclays increased their target price on shares of Taylor Morrison Home from $62.00 to $72.00 and gave the stock an “equal weight” rating in a report on Thursday, July 25th. BTIG Research upgraded shares of Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $78.00 price objective on the stock in a research report on Monday, August 19th. StockNews.com downgraded shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Raymond James started coverage on Taylor Morrison Home in a research note on Wednesday, July 24th. They issued an “outperform” rating and a $75.00 price target for the company. Finally, Zelman & Associates upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research report on Monday, August 12th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $70.17.

Taylor Morrison Home Price Performance

Shares of TMHC traded up $1.02 during midday trading on Friday, hitting $70.97. 564,967 shares of the company traded hands, compared to its average volume of 783,871. The stock has a market cap of $7.40 billion, a price-to-earnings ratio of 10.55 and a beta of 1.96. The firm has a 50 day moving average of $66.93 and a 200-day moving average of $61.36. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.67 and a current ratio of 6.01. Taylor Morrison Home Co. has a 52 week low of $37.23 and a 52 week high of $71.95.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings results on Wednesday, July 24th. The construction company reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.06. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.87 billion. Taylor Morrison Home had a return on equity of 14.99% and a net margin of 9.92%. On average, analysts forecast that Taylor Morrison Home Co. will post 8.15 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.