Empowered Funds LLC Has $3.38 Million Position in Taylor Morrison Home Co. (NYSE:TMHC)

Empowered Funds LLC decreased its position in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 72.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 48,047 shares of the construction company’s stock after selling 124,343 shares during the quarter. Empowered Funds LLC’s holdings in Taylor Morrison Home were worth $3,376,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of 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 stake 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. bought a new stake in shares of Taylor Morrison Home during the 2nd quarter valued at about $31,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in Taylor Morrison Home during the second quarter worth approximately $100,000. Institutional investors and hedge funds own 95.16% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on TMHC. BTIG Research boosted their price target on Taylor Morrison Home from $78.00 to $86.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Raymond James reiterated an “outperform” rating and set a $84.00 target price (up previously from $81.00) on shares of Taylor Morrison Home in a research report on Tuesday, October 29th. Barclays raised their price target 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. StockNews.com upgraded shares of Taylor Morrison Home from a “hold” rating to a “buy” rating in a report on Thursday, October 24th. Finally, Zelman & Associates upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research note on Monday, August 12th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Taylor Morrison Home currently has a consensus rating of “Moderate Buy” and an average target price of $77.33.

Taylor Morrison Home Stock Down 1.2 %

Shares of NYSE TMHC opened at $69.21 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.24 and a quick ratio of 0.69. The company has a 50-day moving average price of $68.99 and a 200-day moving average price of $63.24. The stock has a market capitalization of $7.16 billion, a P/E ratio of 9.15 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.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly 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. The business had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $1.96 billion. Taylor Morrison Home had a return on equity of 15.91% and a net margin of 10.39%. The company’s quarterly revenue was up 26.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.62 EPS. On average, equities research analysts forecast that Taylor Morrison Home Co. will post 8.44 EPS for the current fiscal year.

Insider Buying and Selling

In other Taylor Morrison Home news, Director William H. Lyon sold 9,075 shares of Taylor Morrison Home stock in a transaction that occurred 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 transaction, the director now owns 2,136,241 shares of the company’s stock, valued at $153,980,251.28. This trade represents a 0.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Darrell Sherman sold 26,757 shares of the company’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 transaction, the executive vice president now directly owns 109,217 shares of the company’s stock, valued at approximately $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 90 days, insiders sold 104,337 shares of company stock worth $7,356,683. 3.50% of the stock is owned by corporate insiders.

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.