Vision Capital Corp Buys Shares of 543,316 Taylor Morrison Home Co. (NYSE:TMHC)

Vision Capital Corp purchased a new stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) during the third quarter, Holdings Channel reports. The fund purchased 543,316 shares of the construction company’s stock, valued at approximately $38,173,000. Taylor Morrison Home accounts for approximately 6.2% of Vision Capital Corp’s investment portfolio, making the stock its 2nd largest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in TMHC. Wedge Capital Management L L P NC raised its position in Taylor Morrison Home by 1,910.4% during the 2nd quarter. Wedge Capital Management L L P NC now owns 727,919 shares of the construction company’s stock worth $40,356,000 after purchasing an additional 691,711 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of 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 buying an additional 654,541 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Taylor Morrison Home by 26.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,362,020 shares of the construction company’s stock valued at $95,696,000 after buying an additional 282,227 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Taylor Morrison Home by 18.5% during the 2nd 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 period. Finally, EMG Holdings L.P. bought a new position in shares of Taylor Morrison Home in the 2nd quarter worth about $6,098,000. 95.16% of the stock is currently owned by institutional investors.

Taylor Morrison Home Trading Up 1.9 %

NYSE:TMHC opened at $72.40 on Monday. Taylor Morrison Home Co. has a 52 week low of $44.32 and a 52 week high of $74.69. The firm has a 50-day moving average price of $69.45 and a two-hundred day moving average price of $63.66. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.69 and a current ratio of 6.24. The firm has a market cap of $7.49 billion, a price-to-earnings ratio of 9.40 and a beta of 1.96.

Taylor Morrison Home (NYSE:TMHC) last issued 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 business had revenue of $2.12 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 26.6% compared to the same quarter last year. During the same period last year, the company posted $1.62 earnings per share. On average, equities analysts expect that Taylor Morrison Home Co. will post 8.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TMHC has been the subject of several recent analyst reports. Wedbush raised Taylor Morrison Home from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $65.00 to $85.00 in a research note on Friday, October 25th. StockNews.com raised shares of Taylor Morrison Home from a “hold” rating to a “buy” rating in a research report on Thursday, October 24th. BTIG Research lifted their price target on Taylor Morrison Home from $78.00 to $86.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Raymond James reissued an “outperform” rating and set a $84.00 price objective (up from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th. Finally, Royal Bank of Canada raised their target price on Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $77.33.

Insider Transactions at Taylor Morrison Home

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

Taylor Morrison Home Profile

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.