MetLife Investment Management LLC Lowers Stock Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

MetLife Investment Management LLC cut its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 3.1% in the 3rd quarter, Holdings Channel reports. The fund owned 110,148 shares of the construction company’s stock after selling 3,527 shares during the quarter. MetLife Investment Management LLC’s holdings in Taylor Morrison Home were worth $7,739,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in TMHC. V Square Quantitative Management LLC acquired a new stake in Taylor Morrison Home in the third quarter valued at about $29,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Taylor Morrison Home in the 2nd quarter valued at approximately $31,000. Harbor Capital Advisors Inc. purchased a new stake in shares of Taylor Morrison Home in the third quarter valued at approximately $34,000. UMB Bank n.a. grew its holdings in Taylor Morrison Home by 263.9% during the third quarter. UMB Bank n.a. now owns 535 shares of the construction company’s stock worth $38,000 after acquiring an additional 388 shares during the period. Finally, Peterson Financial Group Inc. purchased a new position in Taylor Morrison Home in the third quarter worth $62,000. 95.16% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Taylor Morrison Home

In other news, Director William H. Lyon sold 24,284 shares of Taylor Morrison Home stock in a transaction on Monday, November 25th. The stock was sold at an average price of $74.46, for a total value of $1,808,186.64. Following the completion of the sale, the director now owns 2,045,316 shares of the company’s stock, valued at $152,294,229.36. The trade was a 1.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Darrell Sherman sold 26,757 shares of the company’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 transaction, the executive vice president now owns 109,217 shares of the company’s stock, valued at $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. In the last quarter, insiders sold 128,621 shares of company stock valued at $9,164,869. 3.50% of the stock is owned by insiders.

Taylor Morrison Home Trading Down 0.2 %

Shares of Taylor Morrison Home stock opened at $73.89 on Friday. Taylor Morrison Home Co. has a 1 year low of $44.59 and a 1 year high of $75.49. 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 business has a 50 day moving average price of $69.86 and a 200 day moving average price of $64.11. The company has a market capitalization of $7.65 billion, a P/E ratio of 9.77 and a beta of 1.96.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.37 earnings per share 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%. The business’s revenue for the quarter was up 26.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.62 earnings per share. Sell-side analysts anticipate that Taylor Morrison Home Co. will post 8.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on TMHC. Barclays boosted their target price on shares of Taylor Morrison Home from $72.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Raymond James reissued an “outperform” rating and set a $84.00 price objective (up previously from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th. Wedbush raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and increased their target price for the company from $65.00 to $85.00 in a report on Friday, October 25th. BTIG Research boosted their price target on Taylor Morrison Home from $78.00 to $86.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Royal Bank of Canada upped their price target on Taylor Morrison Home from $74.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.33.

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.