Taylor Morrison Home Co. (NYSE:TMHC) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lessened its stake in Taylor Morrison Home Co. (NYSE:TMHC) by 43.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 506,189 shares of the construction company’s stock after selling 389,843 shares during the period. Assenagon Asset Management S.A.’s holdings in Taylor Morrison Home were worth $30,984,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new position in shares of Taylor Morrison Home in the 3rd quarter valued at approximately $29,000. Harbor Capital Advisors Inc. purchased a new position in Taylor Morrison Home in the 3rd quarter valued at $34,000. UMB Bank n.a. increased its stake in Taylor Morrison Home by 263.9% in the 3rd 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. purchased a new position in Taylor Morrison Home during the 3rd quarter worth $62,000. Finally, Waldron Private Wealth LLC acquired a new stake in shares of Taylor Morrison Home in the 3rd quarter worth $131,000. 95.16% of the stock is owned by hedge funds and other institutional investors.

Taylor Morrison Home Stock Up 1.4 %

TMHC opened at $66.31 on Friday. 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 company has a market cap of $6.86 billion, a price-to-earnings ratio of 8.77 and a beta of 2.01. Taylor Morrison Home Co. has a one year low of $50.68 and a one year high of $75.49. The business’s fifty day moving average is $66.28 and its two-hundred day moving average is $65.73.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.37 EPS for the quarter, topping the consensus estimate of $2.06 by $0.31. The business 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 revenue for the quarter was up 26.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.62 EPS. Analysts anticipate that Taylor Morrison Home Co. will post 8.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on TMHC shares. JPMorgan Chase & Co. cut their price target on shares of Taylor Morrison Home from $101.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, December 13th. BTIG Research increased their target price 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. Raymond James reissued an “outperform” rating and issued a $84.00 price target (up from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th. Royal Bank of Canada upped their price objective on Taylor Morrison Home from $74.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Barclays raised Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $75.00 to $90.00 in a report on Wednesday, December 11th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $84.00.

Insider Transactions at Taylor Morrison Home

In other news, 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 directly owns 2,136,241 shares in the company, valued at $153,980,251.28. This represents a 0.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Darrell Sherman sold 68,433 shares of the 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 sale, the executive vice president now directly owns 109,217 shares in the company, valued at approximately $7,699,798.50. The trade was a 38.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 128,549 shares of company stock valued at $9,159,829 in the last ninety days. Corporate insiders own 3.50% of the company’s stock.

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.