Segall Bryant & Hamill LLC Cuts Stock Position in Taylor Morrison Home Co. (NYSE:TMHC)

Segall Bryant & Hamill LLC lessened its holdings in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 12.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 85,213 shares of the construction company's stock after selling 11,899 shares during the period. Segall Bryant & Hamill LLC owned about 0.08% of Taylor Morrison Home worth $5,987,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. MQS Management LLC acquired a new stake in shares of Taylor Morrison Home during the third quarter valued at about $768,000. Janus Henderson Group PLC boosted its stake in shares of Taylor Morrison Home by 22.3% during the first quarter. Janus Henderson Group PLC now owns 76,608 shares of the construction company's stock valued at $4,761,000 after purchasing an additional 13,987 shares in the last quarter. Wedge Capital Management L L P NC boosted its stake in shares of Taylor Morrison Home by 1,910.4% during the second 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 in the last quarter. Creative Planning boosted its stake 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. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Taylor Morrison Home by 18.5% during the second 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 in the last quarter. Institutional investors own 95.16% of the company's stock.

Taylor Morrison Home Trading Up 2.3 %

TMHC stock traded up $1.63 during mid-day trading on Friday, reaching $71.07. The company's stock had a trading volume of 505,781 shares, compared to its average volume of 796,981. The company has a market cap of $7.35 billion, a price-to-earnings ratio of 9.19 and a beta of 1.96. The business's 50 day moving average price is $69.40 and its 200 day moving average price is $63.50. 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 Co. has a 12 month low of $44.32 and a 12 month high of $74.69.

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 analysts' consensus estimates of $2.06 by $0.31. The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $1.96 billion. Taylor Morrison Home had a return on equity of 15.91% and a net margin of 10.39%. Taylor Morrison Home's revenue for the quarter was up 26.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.62 earnings per share. On average, equities research analysts predict that Taylor Morrison Home Co. will post 8.44 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TMHC. StockNews.com raised Taylor Morrison Home from a "hold" rating to a "buy" rating in a research note on Thursday, October 24th. BTIG Research lifted their price objective on Taylor Morrison Home from $78.00 to $86.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Wedbush raised 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 note on Friday, October 25th. Royal Bank of Canada lifted their price objective on Taylor Morrison Home from $74.00 to $77.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Finally, Raymond James reaffirmed an "outperform" rating and issued a $84.00 price objective (up from $81.00) on shares of Taylor Morrison Home in a research note on Tuesday, October 29th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $77.33.

Insider Transactions at Taylor Morrison Home

In other news, EVP Darrell Sherman sold 68,433 shares of the company's stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $70.50, for a total value of $4,824,526.50. Following the completion of the sale, the executive vice president now owns 109,217 shares in the company, valued at $7,699,798.50. This represents a 38.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director William H. Lyon sold 9,075 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $72.08, for a total transaction of $654,126.00. Following the completion of the sale, the director now owns 2,136,241 shares of the company's stock, valued at approximately $153,980,251.28. This represents a 0.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 104,337 shares of company stock valued at $7,356,683 over the last three months. 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.