Edgestream Partners L.P. Sells 50,519 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Edgestream Partners L.P. reduced its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 54.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 41,421 shares of the construction company's stock after selling 50,519 shares during the quarter. Edgestream Partners L.P.'s holdings in Taylor Morrison Home were worth $2,910,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. MQS Management LLC acquired a new stake in Taylor Morrison Home in the third quarter valued at $768,000. Janus Henderson Group PLC increased its holdings in shares of Taylor Morrison Home by 22.3% during the first quarter. Janus Henderson Group PLC now owns 76,608 shares of the construction company's stock valued at $4,761,000 after acquiring an additional 13,987 shares in the last quarter. Wedge Capital Management L L P NC increased its stake in Taylor Morrison Home by 1,910.4% during the 2nd quarter. Wedge Capital Management L L P NC now owns 727,919 shares of the construction company's stock valued at $40,356,000 after purchasing an additional 691,711 shares in the last quarter. Intech Investment Management LLC bought a new position in shares of Taylor Morrison Home in the third quarter valued at $1,899,000. Finally, Creative Planning increased its holdings in Taylor Morrison Home by 46.3% during the 3rd quarter. Creative Planning now owns 29,723 shares of the construction company's stock worth $2,088,000 after purchasing an additional 9,408 shares in the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Taylor Morrison Home

In related news, Director William H. Lyon sold 24,284 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $74.46, for a total value of $1,808,186.64. Following the completion of the sale, the director now directly owns 2,045,316 shares of the company's stock, valued at approximately $152,294,229.36. This represents a 1.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Darrell Sherman sold 26,757 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $70.00, for a total transaction of $1,872,990.00. Following the completion of the sale, the executive vice president now directly owns 109,217 shares of the company's stock, valued at approximately $7,645,190. This trade 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 have sold 128,621 shares of company stock valued at $9,164,869. 3.50% of the stock is owned by company insiders.

Taylor Morrison Home Stock Down 0.9 %

Shares of TMHC stock traded down $0.63 during trading hours on Monday, hitting $73.24. 604,977 shares of the company's stock traded hands, compared to its average volume of 795,243. Taylor Morrison Home Co. has a 12-month low of $45.81 and a 12-month high of $75.49. The stock has a market cap of $7.58 billion, a price-to-earnings ratio of 9.69 and a beta of 1.96. The stock's fifty day simple moving average is $69.92 and its two-hundred day simple moving average is $64.25. The company has a quick ratio of 0.69, a current ratio of 6.24 and a debt-to-equity ratio of 0.37.

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

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Wedbush upgraded shares of Taylor Morrison Home from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $65.00 to $85.00 in a research note on Friday, October 25th. Zelman & Associates raised shares of Taylor Morrison Home from a "neutral" rating to an "outperform" rating in a report on Monday, August 12th. Raymond James reissued an "outperform" rating and issued a $84.00 price target (up previously from $81.00) on shares of Taylor Morrison Home in a research note on Tuesday, October 29th. StockNews.com raised shares of Taylor Morrison Home from a "hold" rating to a "buy" rating in a report on Thursday, October 24th. Finally, Royal Bank of Canada increased 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. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $77.33.

Taylor Morrison Home Company 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.