Taylor Morrison Home Co. (NYSE:TMHC) Shares Sold by American International Group Inc.

American International Group Inc. decreased its position in Taylor Morrison Home Co. (NYSE:TMHCFree Report) by 4.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 195,793 shares of the construction company’s stock after selling 10,033 shares during the quarter. American International Group Inc. owned 0.18% of Taylor Morrison Home worth $10,446,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Private Wealth Management Group LLC acquired a new position in Taylor Morrison Home during the 4th quarter valued at approximately $39,000. Daiwa Securities Group Inc. acquired a new position in Taylor Morrison Home during the 4th quarter valued at approximately $48,000. Headlands Technologies LLC acquired a new position in Taylor Morrison Home during the 4th quarter valued at approximately $81,000. CWM LLC boosted its position in Taylor Morrison Home by 17.2% during the 4th quarter. CWM LLC now owns 1,804 shares of the construction company’s stock valued at $96,000 after purchasing an additional 265 shares during the period. Finally, Neo Ivy Capital Management acquired a new position in Taylor Morrison Home during the 3rd quarter valued at approximately $108,000. Institutional investors and hedge funds own 95.16% of the company’s stock.

Taylor Morrison Home Stock Down 2.2 %

NYSE:TMHC opened at $55.52 on Friday. The firm has a market capitalization of $5.87 billion, a price-to-earnings ratio of 7.94 and a beta of 1.93. Taylor Morrison Home Co. has a 1-year low of $37.23 and a 1-year high of $62.64. The company has a current ratio of 6.16, a quick ratio of 0.91 and a debt-to-equity ratio of 0.39. The business’s fifty day moving average price is $57.60 and its 200 day moving average price is $54.76.

Taylor Morrison Home (NYSE:TMHCGet Free Report) last issued its earnings results on Tuesday, April 30th. The construction company reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.18. Taylor Morrison Home had a return on equity of 15.75% and a net margin of 10.30%. The firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter in the previous year, the company posted $1.74 earnings per share. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. On average, sell-side analysts forecast that Taylor Morrison Home Co. will post 7.62 earnings per share for the current fiscal year.

Insider Transactions at Taylor Morrison Home

In other news, Director William H. Lyon sold 164,000 shares of the company’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $60.33, for a total transaction of $9,894,120.00. Following the completion of the sale, the director now owns 43,570 shares in the company, valued at approximately $2,628,578.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Sheryl Palmer sold 100,000 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $56.61, for a total transaction of $5,661,000.00. Following the completion of the transaction, the chief executive officer now owns 119,211 shares of the company’s stock, valued at approximately $6,748,534.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William H. Lyon sold 164,000 shares of the business’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $60.33, for a total value of $9,894,120.00. Following the transaction, the director now directly owns 43,570 shares of the company’s stock, valued at approximately $2,628,578.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 517,000 shares of company stock worth $31,260,080. 3.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on TMHC. Wedbush reiterated an “outperform” rating and set a $61.00 price target on shares of Taylor Morrison Home in a research report on Thursday, May 30th. Barclays boosted their price target on Taylor Morrison Home from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 15th. Royal Bank of Canada boosted their price target on Taylor Morrison Home from $61.00 to $63.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Zelman & Associates raised Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a research note on Friday, April 12th. Finally, StockNews.com raised Taylor Morrison Home from a “hold” rating to a “buy” rating in a research note on Friday, May 31st. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $59.40.

Get Our Latest Analysis on Taylor Morrison Home

Taylor Morrison Home Company 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 develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name.

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

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