Commonwealth Equity Services LLC Sells 4,657 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Posted by on Aug 30th, 2023

Commonwealth Equity Services LLC lowered its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC – Free Report) by 2.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 225,782 shares of the construction company’s stock after selling 4,657 shares during the period. Commonwealth Equity Services LLC owned approximately 0.21% of Taylor Morrison Home worth $8,638,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of TMHC. US Bancorp DE lifted its stake in shares of Taylor Morrison Home by 5.2% in the first quarter. US Bancorp DE now owns 5,696 shares of the construction company’s stock worth $218,000 after buying an additional 279 shares in the last quarter. Resonant Capital Advisors LLC lifted its stake in shares of Taylor Morrison Home by 5.3% in the first quarter. Resonant Capital Advisors LLC now owns 7,650 shares of the construction company’s stock worth $293,000 after buying an additional 384 shares in the last quarter. Bellecapital International Ltd. lifted its stake in shares of Taylor Morrison Home by 2.8% in the first quarter. Bellecapital International Ltd. now owns 16,178 shares of the construction company’s stock worth $619,000 after buying an additional 445 shares in the last quarter. CWM LLC lifted its stake in shares of Taylor Morrison Home by 39.0% in the first quarter. CWM LLC now owns 1,653 shares of the construction company’s stock worth $63,000 after buying an additional 464 shares in the last quarter. Finally, Centaurus Financial Inc. lifted its stake in shares of Taylor Morrison Home by 1.7% in the first quarter. Centaurus Financial Inc. now owns 32,004 shares of the construction company’s stock worth $871,000 after buying an additional 542 shares in the last quarter. Institutional investors own 95.32% of the company’s stock.

Taylor Morrison Home Stock Up 2.3 %

Shares of TMHC stock opened at $46.09 on Wednesday. Taylor Morrison Home Co. has a 12 month low of $22.64 and a 12 month high of $52.09. The stock has a market cap of $5.04 billion, a P/E ratio of 5.07 and a beta of 1.75. The company has a current ratio of 6.13, a quick ratio of 1.49 and a debt-to-equity ratio of 0.47. The company has a 50 day simple moving average of $48.04 and a two-hundred day simple moving average of $42.82.

Taylor Morrison Home (NYSE:TMHC – Get Free Report) last announced its earnings results on Wednesday, July 26th. The construction company reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.43. Taylor Morrison Home had a net margin of 12.25% and a return on equity of 22.24%. The business had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same period in the prior year, the company earned $2.27 earnings per share. The firm’s revenue was up 3.3% on a year-over-year basis. On average, research analysts expect that Taylor Morrison Home Co. will post 7.05 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TMHC. Royal Bank of Canada upped their target price on shares of Taylor Morrison Home from $42.00 to $49.00 in a research note on Thursday, July 27th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Taylor Morrison Home in a research note on Wednesday, May 31st. They issued a “hold” rating and a $50.00 target price on the stock. Credit Suisse Group boosted their price objective on shares of Taylor Morrison Home from $47.00 to $56.00 in a report on Thursday, July 27th. Wedbush boosted their price objective on shares of Taylor Morrison Home from $45.00 to $61.00 in a report on Wednesday, June 28th. Finally, Seaport Res Ptn reissued a “neutral” rating on shares of Taylor Morrison Home in a report on Wednesday, June 14th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $47.93.

Read Our Latest Research Report on Taylor Morrison Home

Insider Buying and Selling at Taylor Morrison Home

In other Taylor Morrison Home news, Director William H. Lyon sold 105,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $46.19, for a total transaction of $4,849,950.00. Following the completion of the sale, the director now directly owns 20,127 shares of the company’s stock, valued at $929,666.13. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director William H. Lyon sold 105,000 shares of the stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $46.19, for a total value of $4,849,950.00. Following the completion of the sale, the director now directly owns 20,127 shares of the company’s stock, valued at $929,666.13. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director William H. Lyon sold 600 shares of the stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $52.06, for a total transaction of $31,236.00. Following the completion of the sale, the director now directly owns 3,143,260 shares of the company’s stock, valued at $163,638,115.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 400,602 shares of company stock valued at $19,363,860. Insiders own 5.20% of the company’s stock.

Taylor Morrison Home Profile

(Free Report)

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 also develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name; and offers title insurance and closing settlement services, as well as financial services.

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Institutional Ownership by Quarter for Taylor Morrison Home (NYSE:TMHC)

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