Envestnet Asset Management Inc. Has $1.23 Million Stock Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

Envestnet Asset Management Inc. cut its holdings in Taylor Morrison Home Co. (NYSE:TMHCGet Rating) by 1.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 52,843 shares of the construction company’s stock after selling 694 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Taylor Morrison Home were worth $1,234,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TMHC. Assetmark Inc. increased its stake in shares of Taylor Morrison Home by 119.6% in the second quarter. Assetmark Inc. now owns 1,221 shares of the construction company’s stock valued at $29,000 after buying an additional 665 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in Taylor Morrison Home in the first quarter worth about $44,000. Quantbot Technologies LP acquired a new stake in Taylor Morrison Home in the first quarter worth about $77,000. Covestor Ltd increased its position in Taylor Morrison Home by 100.5% in the first quarter. Covestor Ltd now owns 3,072 shares of the construction company’s stock worth $84,000 after purchasing an additional 1,540 shares during the period. Finally, Pinebridge Investments L.P. acquired a new stake in Taylor Morrison Home in the first quarter worth about $103,000. 95.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on TMHC shares. StockNews.com lowered Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Saturday, October 29th. Barclays reduced their target price on Taylor Morrison Home from $33.00 to $30.00 in a report on Thursday, October 27th. BTIG Research cut Taylor Morrison Home from a “buy” rating to a “neutral” rating in a report on Thursday, October 27th. B. Riley reduced their target price on Taylor Morrison Home from $26.00 to $25.00 in a report on Thursday, October 27th. Finally, TheStreet cut Taylor Morrison Home from a “b-” rating to a “c+” rating in a report on Tuesday, September 27th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Taylor Morrison Home has an average rating of “Hold” and an average price target of $31.64.

Taylor Morrison Home Trading Up 4.7 %

NYSE:TMHC opened at $28.78 on Wednesday. Taylor Morrison Home Co. has a fifty-two week low of $20.05 and a fifty-two week high of $35.51. The company has a debt-to-equity ratio of 0.62, a current ratio of 5.24 and a quick ratio of 0.57. The stock has a market capitalization of $3.12 billion, a PE ratio of 3.27 and a beta of 1.69. The business’s 50-day simple moving average is $25.51 and its 200-day simple moving average is $26.00.

Taylor Morrison Home (NYSE:TMHCGet Rating) last released its quarterly earnings data on Wednesday, October 26th. The construction company reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.50 by $0.22. Taylor Morrison Home had a return on equity of 24.70% and a net margin of 12.75%. The business had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $2.18 billion. Sell-side analysts expect that Taylor Morrison Home Co. will post 9.31 earnings per share for the current fiscal year.

Insider Activity

In other Taylor Morrison Home news, CFO Louis Steffens acquired 11,000 shares of the business’s stock in a transaction dated Wednesday, September 14th. The shares were acquired at an average price of $23.07 per share, for a total transaction of $253,770.00. Following the acquisition, the chief financial officer now directly owns 44,667 shares of the company’s stock, valued at approximately $1,030,467.69. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.20% of the stock is currently owned by company insiders.

Taylor Morrison Home Profile

(Get Rating)

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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