Taylor Morrison Home Co. (NYSE:TMHC) Shares Sold by Martingale Asset Management L P

Martingale Asset Management L P trimmed its stake in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 46.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,966 shares of the construction company's stock after selling 37,487 shares during the period. Martingale Asset Management L P's holdings in Taylor Morrison Home were worth $3,089,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Taylor Morrison Home by 1.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 240,525 shares of the construction company's stock worth $16,899,000 after buying an additional 4,278 shares during the period. Glenmede Trust Co. NA lifted its stake in Taylor Morrison Home by 2.5% in the third quarter. Glenmede Trust Co. NA now owns 22,784 shares of the construction company's stock worth $1,601,000 after acquiring an additional 565 shares during the period. Bridgewater Associates LP grew its holdings in Taylor Morrison Home by 340.8% during the 3rd quarter. Bridgewater Associates LP now owns 25,475 shares of the construction company's stock worth $1,790,000 after acquiring an additional 19,696 shares in the last quarter. Quantbot Technologies LP purchased a new position in Taylor Morrison Home during the 3rd quarter valued at about $1,925,000. Finally, Vision Capital Corp bought a new stake in shares of Taylor Morrison Home in the 3rd quarter valued at about $38,173,000. 95.16% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Taylor Morrison Home

In related news, EVP Darrell Sherman sold 26,757 shares of the firm's stock in a transaction 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 sale, the executive vice president now owns 109,217 shares in the company, valued at approximately $7,645,190. This trade represents a 19.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William H. Lyon sold 24,284 shares of the company's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $74.46, for a total transaction of $1,808,186.64. Following the completion of the transaction, the director now owns 2,045,316 shares of the company's stock, valued at approximately $152,294,229.36. This trade represents a 1.17 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 128,621 shares of company stock worth $9,164,869. Insiders own 3.50% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. StockNews.com upgraded shares of Taylor Morrison Home from a "hold" rating to a "buy" rating in a research note on Thursday, October 24th. BTIG Research boosted their price target 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. Royal Bank of Canada raised their price objective on Taylor Morrison Home from $74.00 to $77.00 and gave the company an "outperform" 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 boosted their target price for the stock from $65.00 to $85.00 in a report on Friday, October 25th. 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 research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Taylor Morrison Home presently has an average rating of "Moderate Buy" and an average target price of $77.33.

Taylor Morrison Home Stock Performance

NYSE TMHC traded down $0.14 during trading hours on Friday, reaching $73.87. The stock had a trading volume of 295,507 shares, compared to its average volume of 796,066. Taylor Morrison Home Co. has a 52-week low of $44.59 and a 52-week high of $75.49. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.69 and a current ratio of 6.24. The stock has a market cap of $7.64 billion, a P/E ratio of 9.77 and a beta of 1.96. The stock has a fifty day moving average of $69.86 and a 200 day moving average of $64.11.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $1.96 billion. Taylor Morrison Home had a net margin of 10.39% and a return on equity of 15.91%. The business's quarterly revenue was up 26.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.62 earnings per share. Sell-side analysts predict that Taylor Morrison Home Co. will post 8.44 earnings per share for the current year.

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.