Envestnet Asset Management Inc. Sells 6,076 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Envestnet Asset Management Inc. trimmed its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC – Get Rating) by 10.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 50,697 shares of the construction company’s stock after selling 6,076 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Taylor Morrison Home were worth $1,539,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. TCI Wealth Advisors Inc. increased its position in Taylor Morrison Home by 87.7% during the fourth quarter. TCI Wealth Advisors Inc. now owns 933 shares of the construction company’s stock worth $28,000 after acquiring an additional 436 shares during the period. Lazard Asset Management LLC acquired a new stake in Taylor Morrison Home during the first quarter worth about $44,000. Assetmark Inc. grew its stake in Taylor Morrison Home by 47.6% during the third quarter. Assetmark Inc. now owns 1,802 shares of the construction company’s stock worth $42,000 after buying an additional 581 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in Taylor Morrison Home by 213.1% during the fourth quarter. Exchange Traded Concepts LLC now owns 1,813 shares of the construction company’s stock worth $55,000 after buying an additional 1,234 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Taylor Morrison Home during the first quarter worth about $77,000. 96.33% of the stock is owned by institutional investors.

Insider Transactions at Taylor Morrison Home

In related news, EVP Darrell Sherman sold 14,595 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $44.50, for a total value of $649,477.50. Following the sale, the executive vice president now directly owns 119,579 shares of the company’s stock, valued at $5,321,265.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director William H. Lyon sold 26,381 shares of the firm’s stock in a transaction that occurred on Thursday, March 23rd. The shares were sold at an average price of $37.56, for a total value of $990,870.36. Following the transaction, the director now owns 4,135,316 shares in the company, valued at $155,322,468.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Darrell Sherman sold 14,595 shares of Taylor Morrison Home stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $44.50, for a total transaction of $649,477.50. Following the completion of the sale, the executive vice president now owns 119,579 shares in the company, valued at approximately $5,321,265.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 671,666 shares of company stock valued at $27,832,604. 5.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Royal Bank of Canada raised their price target on shares of Taylor Morrison Home from $33.00 to $42.00 in a research note on Thursday, April 27th. StockNews.com began coverage on shares of Taylor Morrison Home in a research note on Thursday. They issued a “buy” rating for the company. Credit Suisse Group boosted their price target on shares of Taylor Morrison Home from $41.00 to $47.00 in a research note on Thursday, April 27th. Finally, Barclays boosted their price target on shares of Taylor Morrison Home from $40.00 to $45.00 in a research note on Thursday, April 27th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $38.08.

Taylor Morrison Home Trading Down 2.2 %

Shares of Taylor Morrison Home stock opened at $44.25 on Monday. Taylor Morrison Home Co. has a 52-week low of $20.05 and a 52-week high of $45.51. The stock’s 50-day simple moving average is $39.41 and its 200 day simple moving average is $34.64. The stock has a market capitalization of $4.83 billion, a P/E ratio of 4.70 and a beta of 1.71. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.20 and a current ratio of 6.09.

Taylor Morrison Home (NYSE:TMHC – Get Rating) last announced its quarterly earnings data on Wednesday, April 26th. The construction company reported $1.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.45. Taylor Morrison Home had a return on equity of 24.14% and a net margin of 13.04%. The business had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same period in the previous year, the business posted $1.44 EPS. The firm’s quarterly revenue was down 2.4% compared to the same quarter last year. As a group, research analysts anticipate that Taylor Morrison Home Co. will post 6.8 EPS for the current year.

About Taylor Morrison Home

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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.