William Blair Investment Management LLC Decreases Position in Taylor Morrison Home Co. (NYSE:TMHC)

William Blair Investment Management LLC trimmed its position in Taylor Morrison Home Co. (NYSE:TMHC) by 24.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 861,959 shares of the construction company’s stock after selling 282,226 shares during the quarter. William Blair Investment Management LLC owned approximately 0.79% of Taylor Morrison Home worth $42,038,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TMHC. Lazard Asset Management LLC purchased a new stake in shares of Taylor Morrison Home in the first quarter valued at about $44,000. CWM LLC raised its position in Taylor Morrison Home by 39.0% during the first quarter. CWM LLC now owns 1,653 shares of the construction company’s stock worth $63,000 after acquiring an additional 464 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Taylor Morrison Home in the first quarter valued at approximately $77,000. Covestor Ltd raised its position in shares of Taylor Morrison Home by 100.5% in the first quarter. Covestor Ltd now owns 3,072 shares of the construction company’s stock valued at $84,000 after buying an additional 1,540 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Taylor Morrison Home in the second quarter valued at approximately $108,000. 95.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Sheryl Palmer sold 112,500 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $46.01, for a total transaction of $5,176,125.00. Following the completion of the transaction, the chief executive officer now owns 399,942 shares in the company, valued at approximately $18,401,331.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 5.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Credit Suisse Group boosted their price objective on shares of Taylor Morrison Home from $47.00 to $56.00 in a research report on Thursday, July 27th. Royal Bank of Canada dropped their price target on shares of Taylor Morrison Home from $49.00 to $43.00 and set a “sector perform” rating for the company in a research report on Thursday, October 26th. StockNews.com lowered shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Seaport Res Ptn raised shares of Taylor Morrison Home from a “neutral” rating to a “buy” rating in a research report on Friday, November 3rd. Finally, Barclays dropped their price target on shares of Taylor Morrison Home from $55.00 to $47.00 and set an “equal weight” rating for the company in a research report on Thursday, October 12th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Taylor Morrison Home currently has an average rating of “Hold” and a consensus price target of $49.42.

Taylor Morrison Home Stock Down 0.9 %

Shares of NYSE:TMHC opened at $44.91 on Tuesday. The stock has a market capitalization of $4.83 billion, a price-to-earnings ratio of 5.73 and a beta of 1.79. Taylor Morrison Home Co. has a 1-year low of $27.78 and a 1-year high of $52.09. The company’s fifty day moving average is $42.20 and its two-hundred day moving average is $45.11. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.97 and a current ratio of 5.78.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings data on Wednesday, October 25th. The construction company reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.10. The business had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.66 billion. Taylor Morrison Home had a net margin of 11.05% and a return on equity of 18.75%. Equities analysts anticipate that Taylor Morrison Home Co. will post 7.24 EPS for the current year.

About Taylor Morrison Home

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.