Bruni J V & Co. Co. Sells 12,934 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Bruni J V & Co. Co. reduced its position in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 1.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 862,947 shares of the construction company's stock after selling 12,934 shares during the period. Taylor Morrison Home accounts for about 6.8% of Bruni J V & Co. Co.'s holdings, making the stock its 2nd biggest holding. Bruni J V & Co. Co. owned approximately 0.83% of Taylor Morrison Home worth $60,631,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pathstone Holdings LLC increased its position in Taylor Morrison Home by 1.3% during the third quarter. Pathstone Holdings LLC now owns 78,824 shares of the construction company's stock worth $5,538,000 after purchasing an additional 1,044 shares during the last quarter. Peterson Financial Group Inc. acquired a new stake in shares of Taylor Morrison Home during the third quarter valued at about $62,000. Natixis Advisors LLC increased its position in shares of Taylor Morrison Home by 14.1% during the third quarter. Natixis Advisors LLC now owns 21,862 shares of the construction company's stock valued at $1,536,000 after acquiring an additional 2,705 shares during the last quarter. Check Capital Management Inc. CA acquired a new stake in shares of Taylor Morrison Home during the third quarter valued at about $239,000. Finally, Royce & Associates LP increased its position in shares of Taylor Morrison Home by 1.8% during the third quarter. Royce & Associates LP now owns 163,063 shares of the construction company's stock valued at $11,457,000 after acquiring an additional 2,940 shares during the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Taylor Morrison Home

In related news, EVP Darrell Sherman sold 26,757 shares of the company's stock in a transaction 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 owns 109,217 shares in the company, valued at $7,645,190. This represents a 19.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William H. Lyon sold 9,075 shares of the company'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 sale, the director now owns 2,136,241 shares of the company's stock, valued at approximately $153,980,251.28. This trade represents a 0.42 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 104,337 shares of company stock worth $7,356,683. 3.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on TMHC shares. Royal Bank of Canada lifted their price target on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. StockNews.com upgraded shares of Taylor Morrison Home from a "hold" rating to a "buy" rating in a research report on Thursday, October 24th. Wedbush upgraded shares of Taylor Morrison Home from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $65.00 to $85.00 in a research report on Friday, October 25th. Barclays lifted their price target on shares of Taylor Morrison Home from $72.00 to $75.00 and gave the company an "equal weight" rating in a research report on Thursday, October 24th. Finally, Zelman & Associates upgraded shares of Taylor Morrison Home from a "neutral" rating to an "outperform" rating in a report on Monday, August 12th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Taylor Morrison Home has a consensus rating of "Moderate Buy" and an average target price of $77.33.

Taylor Morrison Home Stock Up 0.5 %

Taylor Morrison Home stock traded up $0.37 during trading on Tuesday, reaching $69.58. The stock had a trading volume of 608,681 shares, compared to its average volume of 799,017. Taylor Morrison Home Co. has a 52-week low of $44.32 and a 52-week high of $74.69. The business has a 50 day moving average price of $69.10 and a 200 day moving average price of $63.33. The company has a quick ratio of 0.69, a current ratio of 6.24 and a debt-to-equity ratio of 0.37. The stock has a market cap of $7.20 billion, a PE ratio of 9.14 and a beta of 1.96.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.06 by $0.31. The company had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $1.96 billion. Taylor Morrison Home had a net margin of 10.39% and a return on equity of 15.91%. The firm's quarterly revenue was up 26.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.62 earnings per share. On average, analysts predict that Taylor Morrison Home Co. will post 8.44 EPS for the current year.

Taylor Morrison Home 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.