Readystate Asset Management LP Buys New Position in Taylor Morrison Home Co. (NYSE:TMHC)

Readystate Asset Management LP acquired a new position in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 8,677 shares of the construction company's stock, valued at approximately $610,000.

Other large investors have also added to or reduced their stakes in the company. Wedge Capital Management L L P NC increased its position in shares of 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 during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Taylor Morrison Home by 271.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 896,032 shares of the construction company's stock valued at $62,955,000 after purchasing an additional 654,541 shares during the last quarter. Vision Capital Corp bought a new position in shares of Taylor Morrison Home during the 3rd quarter valued at approximately $38,173,000. 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 valued at $95,696,000 after purchasing an additional 282,227 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Taylor Morrison Home by 18.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 786,249 shares of the construction company's stock valued at $43,590,000 after purchasing an additional 122,864 shares during the last quarter. Institutional investors own 95.16% of the company's stock.

Insiders Place Their Bets

In related news, EVP Darrell Sherman sold 68,433 shares of the company's stock in a transaction 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 sale, the executive vice president now directly owns 109,217 shares in the company, valued at $7,699,798.50. This represents a 38.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director William H. Lyon sold 9,075 shares of the company's stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $72.08, for a total value of $654,126.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 128,621 shares of company stock worth $9,164,869. 3.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

TMHC has been the topic of several analyst reports. Wedbush raised Taylor Morrison Home from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $65.00 to $85.00 in a research report on Friday, October 25th. Barclays boosted their target price on Taylor Morrison Home from $72.00 to $75.00 and gave the company an "equal weight" 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 report on Thursday, October 24th. BTIG Research boosted their price objective on Taylor Morrison Home from $78.00 to $86.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Finally, Zelman & Associates upgraded Taylor Morrison Home from a "neutral" rating to an "outperform" rating in a 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, the stock has a consensus rating of "Moderate Buy" and an average price target of $77.33.

Taylor Morrison Home Stock Down 0.6 %

Shares of TMHC stock traded down $0.42 during mid-day trading on Friday, hitting $68.89. The stock had a trading volume of 724,082 shares, compared to its average volume of 794,925. Taylor Morrison Home Co. has a 12-month low of $46.59 and a 12-month high of $75.49. The firm has a market capitalization of $7.13 billion, a P/E ratio of 9.11 and a beta of 1.97. The firm's 50-day moving average is $70.01 and its two-hundred day moving average is $64.48. 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 issued its earnings results 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. 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 analysts' expectations of $1.96 billion. During the same period in the prior year, the business earned $1.62 EPS. The business's revenue for the quarter was up 26.6% compared to the same quarter last year. On average, analysts predict that Taylor Morrison Home Co. will post 8.44 earnings per share for the current fiscal 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.