Empowered Funds LLC Cuts Stake in Taylor Morrison Home Co. (NYSE:TMHC)

Empowered Funds LLC trimmed its position in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 72.1% during the 3rd quarter, according to 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of TMHC. V Square Quantitative Management LLC bought a new position in shares of Taylor Morrison Home during the third quarter valued at $29,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Taylor Morrison Home during the 2nd quarter valued at about $31,000. Harbor Capital Advisors Inc. purchased a new stake in shares of Taylor Morrison Home during the 3rd quarter valued at about $34,000. UMB Bank n.a. grew 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 acquiring an additional 388 shares during the period. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of Taylor Morrison Home during the second quarter valued at approximately $100,000. 95.16% of the stock is currently owned by institutional investors.

Taylor Morrison Home Stock Performance

Taylor Morrison Home stock traded up $0.37 during midday trading on Tuesday, hitting $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 company has a market capitalization of $7.20 billion, a PE ratio of 9.14 and a beta of 1.96. The firm's fifty day moving average is $69.10 and its two-hundred day moving average is $63.33. The company has a current ratio of 6.24, a quick ratio of 0.69 and a debt-to-equity ratio of 0.37.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $2.12 billion during the quarter, compared to analysts' expectations of $1.96 billion. Taylor Morrison Home had a net margin of 10.39% and a return on equity of 15.91%. The company's revenue for the quarter was up 26.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.62 earnings per share. On average, research analysts forecast that Taylor Morrison Home Co. will post 8.44 EPS for the current year.

Insider Buying and Selling at Taylor Morrison Home

In related news, EVP Darrell Sherman sold 68,433 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $70.50, for a total transaction of $4,824,526.50. Following the completion of the transaction, the executive vice president now directly owns 109,217 shares of the company's stock, valued at approximately $7,699,798.50. This represents a 38.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William H. Lyon sold 9,075 shares of the 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 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 disclosure for this sale can be found here. Insiders have sold a total of 104,337 shares of company stock valued at $7,356,683 over the last ninety days. 3.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Barclays raised their target price 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. Raymond James reaffirmed an "outperform" rating and issued a $84.00 price objective (up previously from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th. Wedbush upgraded Taylor Morrison Home from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $65.00 to $85.00 in a research report on Friday, October 25th. BTIG Research raised their target price on Taylor Morrison Home from $78.00 to $86.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Finally, Zelman & Associates raised shares of Taylor Morrison Home from a "neutral" rating to an "outperform" rating in a research report on Monday, August 12th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Taylor Morrison Home currently 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.