Empowered Funds LLC Has $3.38 Million Stock Position in Taylor Morrison Home Co. (NYSE:TMHC)

Empowered Funds LLC cut its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 72.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 48,047 shares of the construction company’s stock after selling 124,343 shares during the period. Empowered Funds LLC’s holdings in Taylor Morrison Home were worth $3,376,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in TMHC. Wedge Capital Management L L P NC grew its position in shares of Taylor Morrison Home by 1,910.4% in the 2nd quarter. Wedge Capital Management L L P NC now owns 727,919 shares of the construction company’s stock valued at $40,356,000 after acquiring an additional 691,711 shares during the period. Assenagon Asset Management S.A. lifted its position in Taylor Morrison Home by 271.0% during the third quarter. Assenagon Asset Management S.A. now owns 896,032 shares of the construction company’s stock worth $62,955,000 after acquiring an additional 654,541 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Taylor Morrison Home by 18.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 786,249 shares of the construction company’s stock worth $43,590,000 after acquiring an additional 122,864 shares during the last quarter. EMG Holdings L.P. bought a new position in shares of Taylor Morrison Home during the second quarter worth approximately $6,098,000. Finally, AXA S.A. bought a new position in shares of Taylor Morrison Home during the second quarter worth approximately $5,950,000. Institutional investors and hedge funds own 95.16% of the company’s stock.

Taylor Morrison Home Stock Performance

Shares of NYSE:TMHC opened at $69.21 on Tuesday. Taylor Morrison Home Co. has a 1 year low of $44.32 and a 1 year high of $74.69. The stock has a market capitalization of $7.16 billion, a price-to-earnings ratio of 9.15 and a beta of 1.96. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.24 and a quick ratio of 0.69. The company’s 50 day simple moving average is $68.99 and its 200 day simple moving average is $63.24.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.37 EPS for the quarter, topping analysts’ consensus estimates of $2.06 by $0.31. The company had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Taylor Morrison Home had a return on equity of 15.91% and a net margin of 10.39%. Taylor Morrison Home’s revenue was up 26.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.62 EPS. As a group, research analysts predict that Taylor Morrison Home Co. will post 8.44 EPS for the current fiscal year.

Insider Transactions at Taylor Morrison Home

In other Taylor Morrison Home news, EVP Darrell Sherman sold 26,757 shares of the company’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $70.00, for a total value of $1,872,990.00. Following the completion of the transaction, the executive vice president now owns 109,217 shares of the company’s stock, valued at $7,645,190. This represents a 19.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director William H. Lyon sold 9,075 shares of Taylor Morrison Home stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $72.08, for a total value of $654,126.00. Following the sale, the director now directly owns 2,136,241 shares in the company, valued at $153,980,251.28. The trade was a 0.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 104,337 shares of company stock valued at $7,356,683. 3.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

TMHC has been the topic of a number of research reports. Wedbush raised Taylor Morrison Home from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $65.00 to $85.00 in a report on Friday, October 25th. Royal Bank of Canada raised their price target on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Zelman & Associates raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a report on Monday, August 12th. StockNews.com upgraded shares of Taylor Morrison Home from a “hold” rating to a “buy” rating in a research report on Thursday, October 24th. Finally, BTIG Research lifted their price target on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $77.33.

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