Quest Partners LLC Trims Stock Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

Quest Partners LLC lowered its position in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 42.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 20,060 shares of the construction company's stock after selling 15,013 shares during the quarter. Quest Partners LLC's holdings in Taylor Morrison Home were worth $1,409,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in TMHC. MQS Management LLC bought a new stake in Taylor Morrison Home in the 3rd quarter worth approximately $768,000. Janus Henderson Group PLC boosted its holdings in Taylor Morrison Home by 22.3% in the first quarter. Janus Henderson Group PLC now owns 76,608 shares of the construction company's stock worth $4,761,000 after acquiring an additional 13,987 shares in the last quarter. Wedge Capital Management L L P NC boosted its holdings in Taylor Morrison Home by 1,910.4% in the second quarter. Wedge Capital Management L L P NC now owns 727,919 shares of the construction company's stock worth $40,356,000 after acquiring an additional 691,711 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in shares of Taylor Morrison Home by 25.9% during the first quarter. State Board of Administration of Florida Retirement System now owns 37,829 shares of the construction company's stock valued at $2,352,000 after purchasing an additional 7,780 shares in the last quarter. Finally, Creative Planning lifted its holdings in shares of Taylor Morrison Home by 46.3% during the third quarter. Creative Planning now owns 29,723 shares of the construction company's stock valued at $2,088,000 after purchasing an additional 9,408 shares in the last quarter. Hedge funds and other institutional investors own 95.16% of the company's stock.

Insider Activity at Taylor Morrison Home

In other news, Director William H. Lyon sold 9,075 shares of the business's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $72.08, for a total value of $654,126.00. Following the completion of the sale, the director now owns 2,136,241 shares in the company, valued at approximately $153,980,251.28. The trade was a 0.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Darrell Sherman sold 26,757 shares of the company's stock in a transaction on Monday, October 28th. The stock was sold at an average price of $70.00, for a total value of $1,872,990.00. Following the sale, the executive vice president now owns 109,217 shares of the company's stock, valued at approximately $7,645,190. This represents a 19.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 104,337 shares of company stock worth $7,356,683 in the last quarter. 3.50% of the stock is owned by company insiders.

Taylor Morrison Home Price Performance

Shares of Taylor Morrison Home stock traded down $0.23 during trading on Wednesday, reaching $69.30. 817,148 shares of the stock traded hands, compared to its average volume of 799,098. The business has a fifty day simple moving average of $69.20 and a two-hundred day simple moving average of $63.42. 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 $7.17 billion, a price-to-earnings ratio of 9.20 and a beta of 1.96. 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 (NYSE:TMHC - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The construction company reported $2.37 EPS 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 firm had revenue of $2.12 billion during the quarter, compared to analysts' expectations of $1.96 billion. During the same quarter in the previous year, the business earned $1.62 EPS. The company's quarterly revenue was up 26.6% on a year-over-year basis. Sell-side analysts expect that Taylor Morrison Home Co. will post 8.44 EPS for the current year.

Analyst Upgrades and Downgrades

TMHC has been the topic of a number of recent research reports. Wedbush raised Taylor Morrison Home from a "neutral" rating to an "outperform" rating and increased their target price for the company from $65.00 to $85.00 in a report on Friday, October 25th. Zelman & Associates raised Taylor Morrison Home from a "neutral" rating to an "outperform" rating in a report on Monday, August 12th. BTIG Research upped 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. StockNews.com upgraded Taylor Morrison Home from a "hold" rating to a "buy" rating in a research report on Thursday, October 24th. Finally, Raymond James restated an "outperform" rating and issued a $84.00 price target (up previously from $81.00) on shares of Taylor Morrison Home in a research report on Tuesday, October 29th. Two investment 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.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $77.33.

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.