Franklin Resources Inc. Has $42.35 Million Stock Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

Franklin Resources Inc. raised its holdings in Taylor Morrison Home Co. (NYSE:TMHC) by 15.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 618,360 shares of the construction company’s stock after acquiring an additional 81,841 shares during the quarter. Franklin Resources Inc. owned approximately 0.60% of Taylor Morrison Home worth $42,345,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of TMHC. V Square Quantitative Management LLC bought a new stake in shares of Taylor Morrison Home in the third quarter worth $29,000. Harbor Capital Advisors Inc. bought a new stake in shares of Taylor Morrison Home in the 3rd quarter valued at about $34,000. UMB Bank n.a. increased its stake in shares of Taylor Morrison Home by 263.9% in the third quarter. UMB Bank n.a. now owns 535 shares of the construction company’s stock valued at $38,000 after buying an additional 388 shares during the period. Peterson Financial Group Inc. bought a new position in shares of Taylor Morrison Home during the third quarter worth about $62,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Taylor Morrison Home in the second quarter worth approximately $100,000. Institutional investors own 95.16% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. BTIG Research increased their target price on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Royal Bank of Canada increased 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. JPMorgan Chase & Co. lowered their target price on shares of Taylor Morrison Home from $101.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, December 13th. Barclays raised shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $75.00 to $90.00 in a research report on Wednesday, December 11th. Finally, Raymond James reissued an “outperform” rating and issued a $84.00 price objective (up from $81.00) on shares of Taylor Morrison Home in a research report on Tuesday, October 29th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.33.

Insider Activity

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 transaction of $654,126.00. Following the completion of the transaction, 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Darrell Sherman sold 68,433 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was 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 directly owns 109,217 shares of the company’s stock, valued at approximately $7,699,798.50. This trade represents a 38.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 128,549 shares of company stock worth $9,159,829 over the last quarter. 3.50% of the stock is currently owned by corporate insiders.

Taylor Morrison Home Trading Down 1.2 %

NYSE:TMHC opened at $63.85 on Wednesday. The firm has a fifty day simple moving average of $69.69 and a two-hundred day simple moving average of $65.02. Taylor Morrison Home Co. has a 12 month low of $50.00 and a 12 month high of $75.49. The stock has a market capitalization of $6.61 billion, a price-to-earnings ratio of 8.45 and a beta of 1.97. 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 (NYSE:TMHC) last issued its earnings results on Wednesday, October 23rd. The construction company reported $2.37 EPS for the quarter, beating 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 company had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period last year, the business posted $1.62 EPS. The firm’s revenue for the quarter was up 26.6% compared to the same quarter last year. Analysts expect that Taylor Morrison Home Co. will post 8.44 EPS for the current fiscal year.

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.