Resonant Capital Advisors LLC Raises Stake in Taylor Morrison Home Co. (NYSE:TMHC)

Resonant Capital Advisors LLC increased its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 3.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 8,135 shares of the construction company’s stock after purchasing an additional 285 shares during the period. Resonant Capital Advisors LLC’s holdings in Taylor Morrison Home were worth $434,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Taylor Morrison Home in the 1st quarter valued at about $466,000. HighTower Advisors LLC raised its holdings in shares of Taylor Morrison Home by 7.9% in the 1st quarter. HighTower Advisors LLC now owns 9,902 shares of the construction company’s stock valued at $269,000 after acquiring an additional 729 shares in the last quarter. Natixis Advisors L.P. purchased a new stake in shares of Taylor Morrison Home in the 1st quarter valued at about $309,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Taylor Morrison Home by 10.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 45,038 shares of the construction company’s stock valued at $1,226,000 after acquiring an additional 4,294 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its holdings in shares of Taylor Morrison Home by 9.4% in the 1st quarter. Great West Life Assurance Co. Can now owns 68,917 shares of the construction company’s stock valued at $1,930,000 after acquiring an additional 5,933 shares in the last quarter. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Trading Up 0.3 %

TMHC opened at $54.19 on Friday. The stock has a market cap of $5.77 billion, a PE ratio of 7.76 and a beta of 1.87. The company has a quick ratio of 1.13, a current ratio of 6.00 and a debt-to-equity ratio of 0.38. The business has a 50 day moving average of $57.38 and a 200-day moving average of $50.78. Taylor Morrison Home Co. has a 52 week low of $37.23 and a 52 week high of $62.64.

Taylor Morrison Home (NYSE:TMHC) last released its earnings results on Wednesday, February 14th. The construction company reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.23. Taylor Morrison Home had a return on equity of 16.21% and a net margin of 10.37%. The company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter last year, the business posted $2.93 EPS. The firm’s revenue for the quarter was down 19.0% compared to the same quarter last year. Equities research analysts predict that Taylor Morrison Home Co. will post 7.29 earnings per share for the current fiscal year.

Insider Transactions at Taylor Morrison Home

In other news, Director William H. Lyon sold 153,000 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $62.32, for a total value of $9,534,960.00. Following the sale, the director now directly owns 40,570 shares of the company’s stock, valued at $2,528,322.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director William H. Lyon sold 164,000 shares of the stock in a transaction on 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 sale, the director now directly owns 43,570 shares of the company’s stock, valued at $2,628,578.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director William H. Lyon sold 153,000 shares of the stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $62.32, for a total value of $9,534,960.00. Following the sale, the director now directly owns 40,570 shares in the company, valued at $2,528,322.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 613,537 shares of company stock valued at $36,409,767. Insiders own 5.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on TMHC. Zelman & Associates raised Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a report on Friday, April 12th. StockNews.com lowered Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st. Royal Bank of Canada lifted their price objective on Taylor Morrison Home from $57.00 to $61.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. Seaport Res Ptn lowered Taylor Morrison Home from a “buy” rating to a “neutral” rating in a research report on Monday, January 22nd. Finally, Barclays raised their target price on Taylor Morrison Home from $55.00 to $60.00 and gave the company an “equal weight” rating in a research note on Thursday, February 15th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $57.20.

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.