Oppenheimer & Co. Inc. reduced its position in shares of Taylor Morrison Home Co. (NYSE:TMHC – Get Rating) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,145 shares of the construction company’s stock after selling 600 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Taylor Morrison Home were worth $885,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in shares of Taylor Morrison Home by 4.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 8,522,766 shares of the construction company’s stock worth $198,754,000 after acquiring an additional 333,454 shares in the last quarter. Macquarie Group Ltd. lifted its stake in Taylor Morrison Home by 1.4% in the 3rd quarter. Macquarie Group Ltd. now owns 3,156,114 shares of the construction company’s stock valued at $73,647,000 after buying an additional 44,312 shares in the last quarter. Invesco Ltd. lifted its stake in Taylor Morrison Home by 19.5% in the 1st quarter. Invesco Ltd. now owns 1,743,697 shares of the construction company’s stock valued at $47,464,000 after buying an additional 285,099 shares in the last quarter. Fisher Asset Management LLC lifted its stake in Taylor Morrison Home by 1,160.2% in the 4th quarter. Fisher Asset Management LLC now owns 1,563,247 shares of the construction company’s stock valued at $47,445,000 after buying an additional 1,439,201 shares in the last quarter. Finally, Bruni J V & Co. Co. lifted its stake in Taylor Morrison Home by 0.4% in the 4th quarter. Bruni J V & Co. Co. now owns 1,075,945 shares of the construction company’s stock valued at $32,655,000 after buying an additional 3,874 shares in the last quarter. 96.33% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Taylor Morrison Home
In other news, CFO Louis Steffens sold 8,890 shares of the firm’s stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $36.97, for a total transaction of $328,663.30. Following the completion of the sale, the chief financial officer now owns 65,772 shares in the company, valued at approximately $2,431,590.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Louis Steffens sold 8,890 shares of Taylor Morrison Home stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $36.97, for a total value of $328,663.30. Following the completion of the sale, the chief financial officer now owns 65,772 shares in the company, valued at approximately $2,431,590.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William H. Lyon sold 53,000 shares of Taylor Morrison Home stock in a transaction that occurred on Friday, March 31st. The shares were sold at an average price of $38.04, for a total transaction of $2,016,120.00. Following the completion of the sale, the director now owns 45,127 shares of the company’s stock, valued at approximately $1,716,631.08. The disclosure for this sale can be found here. Insiders sold 451,777 shares of company stock worth $18,137,371 in the last 90 days. Insiders own 5.20% of the company’s stock.
Taylor Morrison Home Stock Up 0.9 %
Taylor Morrison Home (NYSE:TMHC – Get Rating) last announced its quarterly earnings results on Wednesday, April 26th. The construction company reported $1.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.45. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.57 billion. Taylor Morrison Home had a net margin of 13.04% and a return on equity of 24.14%. The business’s revenue was down 2.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.44 EPS. As a group, analysts forecast that Taylor Morrison Home Co. will post 6.8 earnings per share for the current fiscal year.
Analysts Set New Price Targets
TMHC has been the topic of a number of research reports. Credit Suisse Group raised their price target on shares of Taylor Morrison Home from $41.00 to $47.00 in a research note on Thursday, April 27th. StockNews.com initiated coverage on shares of Taylor Morrison Home in a research note on Thursday, March 16th. They issued a “buy” rating on the stock. Barclays raised their price target on shares of Taylor Morrison Home from $40.00 to $45.00 in a research note on Thursday, April 27th. Finally, Royal Bank of Canada increased their price objective on shares of Taylor Morrison Home from $33.00 to $42.00 in a report on Thursday, April 27th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $38.08.
About Taylor Morrison Home
Taylor Morrison Home Corp. engages in the business of residential homebuilding and the development of lifestyle communities. It operates through the following segments: East, Central, West, and Financial Services. The East segment includes operations in Atlanta, Charlotte, Chicago, Orlando, Raleigh, Southwest Florida, and Tampa regions.
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