2,850 Shares in Taylor Morrison Home Co. (NYSE:TMHC) Purchased by First Dallas Securities Inc.

First Dallas Securities Inc. purchased a new stake in Taylor Morrison Home Co. (NYSE:TMHC) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,850 shares of the construction company’s stock, valued at approximately $200,000.

Several other large investors have also added to or reduced their stakes in the business. State Street Corp lifted its position in Taylor Morrison Home by 2.8% in the 3rd quarter. State Street Corp now owns 4,987,968 shares of the construction company’s stock valued at $350,455,000 after acquiring an additional 136,432 shares in the last quarter. Principal Financial Group Inc. increased its stake in Taylor Morrison Home by 3.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company’s stock valued at $144,144,000 after buying an additional 69,222 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Taylor Morrison Home by 26.1% in the 3rd 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 last quarter. Fisher Asset Management LLC increased its stake in Taylor Morrison Home by 2.5% in the 3rd quarter. Fisher Asset Management LLC now owns 1,151,977 shares of the construction company’s stock valued at $80,938,000 after buying an additional 28,166 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Taylor Morrison Home by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,066,470 shares of the construction company’s stock valued at $59,125,000 after buying an additional 4,638 shares during the last quarter. Institutional investors own 95.16% of the company’s stock.

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 shares were sold at an average price of $74.46, for a total transaction of $1,808,186.64. Following the completion of the sale, the director now directly owns 2,045,316 shares of the company’s stock, valued at approximately $152,294,229.36. The trade was a 1.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Darrell Sherman sold 26,757 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $70.00, for a total transaction of $1,872,990.00. Following the completion of the transaction, the executive vice president now owns 109,217 shares in the company, valued at $7,645,190. The trade was a 19.68 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 128,621 shares of company stock worth $9,164,869. Corporate insiders own 3.50% of the company’s stock.

Taylor Morrison Home Stock Up 0.8 %

Taylor Morrison Home stock opened at $69.42 on Tuesday. Taylor Morrison Home Co. has a 1-year low of $46.73 and a 1-year high of $75.49. The firm has a market capitalization of $7.18 billion, a price-to-earnings ratio of 9.18 and a beta of 1.97. The company has a current ratio of 6.24, a quick ratio of 0.69 and a debt-to-equity ratio of 0.37. The firm has a 50 day simple moving average of $70.00 and a 200 day simple moving average of $64.65.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.06 by $0.31. Taylor Morrison Home had a net margin of 10.39% and a return on equity of 15.91%. The business had revenue of $2.12 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period in the previous year, the business earned $1.62 EPS. Taylor Morrison Home’s revenue was up 26.6% compared to the same quarter last year. On average, analysts predict that Taylor Morrison Home Co. will post 8.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on TMHC shares. Raymond James reiterated an “outperform” rating and issued a $84.00 price objective (up previously from $81.00) on shares of Taylor Morrison Home in a research note on Tuesday, October 29th. Barclays increased their price objective on shares of Taylor Morrison Home from $72.00 to $75.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. BTIG Research increased their price objective on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. 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 note on Thursday, October 24th. Finally, Wedbush upgraded shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $65.00 to $85.00 in a research note on Friday, October 25th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Taylor Morrison Home presently has an average rating of “Moderate Buy” and a consensus price target of $81.40.

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.