Hodges Capital Management Inc. Has $25.73 Million Stock Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

Hodges Capital Management Inc. reduced its stake in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 18.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 366,227 shares of the construction company's stock after selling 81,691 shares during the quarter. Taylor Morrison Home accounts for 1.6% of Hodges Capital Management Inc.'s portfolio, making the stock its 15th largest position. Hodges Capital Management Inc. owned approximately 0.35% of Taylor Morrison Home worth $25,731,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TMHC. State Street Corp increased its stake in Taylor Morrison Home by 2.8% in the 3rd quarter. State Street Corp now owns 4,987,968 shares of the construction company's stock valued at $350,455,000 after buying an additional 136,432 shares during the last quarter. Principal Financial Group Inc. boosted its position in Taylor Morrison Home by 3.5% during the third quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company's stock valued at $144,144,000 after purchasing an additional 69,222 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Taylor Morrison Home by 26.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,362,020 shares of the construction company's stock worth $95,696,000 after purchasing an additional 282,227 shares during the last quarter. Fisher Asset Management LLC increased its holdings in Taylor Morrison Home by 2.5% during the third quarter. Fisher Asset Management LLC now owns 1,151,977 shares of the construction company's stock worth $80,938,000 after buying an additional 28,166 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Taylor Morrison Home by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 1,066,470 shares of the construction company's stock valued at $59,125,000 after acquiring an additional 4,638 shares during the last quarter. 95.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TMHC shares. Barclays upped their target price on shares of Taylor Morrison Home from $72.00 to $75.00 and gave the company an "equal weight" rating in a report on Thursday, October 24th. Zelman & Associates raised Taylor Morrison Home from a "neutral" rating to an "outperform" rating in a report on Monday, August 12th. Wedbush raised shares of Taylor Morrison Home from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from $65.00 to $85.00 in a research report on Friday, October 25th. BTIG Research raised their target price on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Finally, Royal Bank of Canada raised their price objective on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, Taylor Morrison Home currently has an average rating of "Moderate Buy" and an average target price of $77.33.

Taylor Morrison Home Price Performance

NYSE:TMHC traded down $0.42 during trading hours on Friday, reaching $68.89. 724,092 shares of the company were exchanged, compared to its average volume of 737,947. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.24 and a quick ratio of 0.69. Taylor Morrison Home Co. has a 1-year low of $46.59 and a 1-year high of $75.49. The company has a market capitalization of $7.13 billion, a P/E ratio of 9.11 and a beta of 1.97. The business has a 50 day moving average of $70.01 and a 200 day moving average of $64.56.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.06 by $0.31. The business 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%. Taylor Morrison Home's revenue was up 26.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.62 earnings per share. Research analysts forecast that Taylor Morrison Home Co. will post 8.44 EPS for the current 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 dated Thursday, November 7th. The stock was sold at an average price of $72.08, for a total value of $654,126.00. Following the transaction, the director now owns 2,136,241 shares in the company, valued at $153,980,251.28. The trade was a 0.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Darrell Sherman sold 26,757 shares of the firm'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 transaction 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 approximately $7,645,190. The trade was a 19.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 128,621 shares of company stock worth $9,164,869. Corporate insiders own 3.50% of the company's stock.

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.