Comerica Bank Has $1.31 Million Stock Position in Taylor Morrison Home Co. (NYSE:TMHC)

Comerica Bank lessened its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHCGet Rating) by 6.7% during the third quarter, Holdings Channel.com reports. The institutional investor owned 51,975 shares of the construction company’s stock after selling 3,755 shares during the quarter. Comerica Bank’s holdings in Taylor Morrison Home were worth $1,309,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Donald Smith & CO. Inc. increased its position in Taylor Morrison Home by 0.3% during the second quarter. Donald Smith & CO. Inc. now owns 5,375,050 shares of the construction company’s stock worth $125,561,000 after buying an additional 18,684 shares during the last quarter. Macquarie Group Ltd. increased its position in Taylor Morrison Home by 3.7% during the second quarter. Macquarie Group Ltd. now owns 3,111,802 shares of the construction company’s stock worth $72,692,000 after buying an additional 112,425 shares during the last quarter. Principal Financial Group Inc. increased its position in Taylor Morrison Home by 1.8% during the second quarter. Principal Financial Group Inc. now owns 2,330,630 shares of the construction company’s stock worth $54,444,000 after buying an additional 40,447 shares during the last quarter. Invesco Ltd. increased its position in Taylor Morrison Home by 19.5% during the first quarter. Invesco Ltd. now owns 1,743,697 shares of the construction company’s stock worth $47,464,000 after buying an additional 285,099 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in Taylor Morrison Home by 212.1% during the second quarter. AQR Capital Management LLC now owns 1,291,450 shares of the construction company’s stock worth $29,096,000 after buying an additional 877,614 shares during the last quarter. Institutional investors and hedge funds own 96.33% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TMHC shares. B. Riley reduced their price objective on Taylor Morrison Home from $26.00 to $25.00 in a report on Thursday, October 27th. StockNews.com upgraded Taylor Morrison Home from a “hold” rating to a “buy” rating in a report on Tuesday, January 10th. BTIG Research cut Taylor Morrison Home from a “buy” rating to a “neutral” rating in a report on Thursday, October 27th. JPMorgan Chase & Co. boosted their price objective on Taylor Morrison Home from $29.50 to $39.50 in a report on Tuesday, November 22nd. Finally, TheStreet cut Taylor Morrison Home from a “b-” rating to a “c+” rating in a research note on Tuesday, September 27th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $32.36.

Taylor Morrison Home Stock Up 1.2 %

Shares of TMHC opened at $33.24 on Tuesday. Taylor Morrison Home Co. has a one year low of $20.05 and a one year high of $34.02. The company has a market cap of $3.60 billion, a P/E ratio of 3.78 and a beta of 1.67. 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 firm has a 50 day simple moving average of $30.70 and a two-hundred day simple moving average of $27.62.

Taylor Morrison Home (NYSE:TMHCGet Rating) last announced its quarterly earnings data on Wednesday, October 26th. The construction company reported $2.72 EPS for the quarter, beating the consensus estimate of $2.50 by $0.22. Taylor Morrison Home had a net margin of 12.75% and a return on equity of 24.70%. The business had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.18 billion. Research analysts forecast that Taylor Morrison Home Co. will post 9.39 EPS for the current fiscal year.

Insider Buying and Selling at Taylor Morrison Home

In other Taylor Morrison Home news, Director David C. Merritt sold 8,737 shares of the business’s stock in a transaction that occurred on Wednesday, January 4th. The shares were sold at an average price of $32.00, for a total transaction of $279,584.00. Following the completion of the transaction, the director now directly owns 2,402 shares in the company, valued at $76,864. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, EVP Darrell Sherman sold 8,782 shares of the company’s stock in a transaction on Tuesday, December 13th. The shares were sold at an average price of $32.31, for a total transaction of $283,746.42. Following the completion of the transaction, the executive vice president now directly owns 100,506 shares in the company, valued at $3,247,348.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David C. Merritt sold 8,737 shares of the company’s stock in a transaction on Wednesday, January 4th. The stock was sold at an average price of $32.00, for a total transaction of $279,584.00. Following the transaction, the director now owns 2,402 shares of the company’s stock, valued at $76,864. The disclosure for this sale can be found here. Insiders sold a total of 17,819 shares of company stock worth $573,530 over the last three months. Corporate insiders own 5.20% of the company’s stock.

Taylor Morrison Home Company Profile

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

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