UBS Asset Management Americas Inc. trimmed its holdings in Taylor Morrison Home Corp (NYSE:TMHC) by 0.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 138,171 shares of the construction company’s stock after selling 1,076 shares during the period. UBS Asset Management Americas Inc.’s holdings in Taylor Morrison Home were worth $2,896,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp increased its holdings in shares of Taylor Morrison Home by 106.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,531,236 shares of the construction company’s stock valued at $74,014,000 after acquiring an additional 1,817,822 shares during the last quarter. Castleark Management LLC bought a new stake in shares of Taylor Morrison Home in the 2nd quarter valued at approximately $8,459,000. GRS Advisors LLC bought a new stake in shares of Taylor Morrison Home in the 2nd quarter valued at approximately $5,806,000. Bank of America Corp DE increased its holdings in shares of Taylor Morrison Home by 53.6% in the 2nd quarter. Bank of America Corp DE now owns 720,209 shares of the construction company’s stock valued at $15,095,000 after acquiring an additional 251,286 shares during the last quarter. Finally, Citadel Advisors LLC increased its holdings in shares of Taylor Morrison Home by 1,549.8% in the 2nd quarter. Citadel Advisors LLC now owns 259,681 shares of the construction company’s stock valued at $5,443,000 after acquiring an additional 243,941 shares during the last quarter. 98.79% of the stock is currently owned by institutional investors.

In other news, EVP Darrell Sherman sold 131,002 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $25.00, for a total value of $3,275,050.00. Following the completion of the transaction, the executive vice president now owns 97,725 shares of the company’s stock, valued at $2,443,125. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Joseph Terracciano sold 12,635 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $24.27, for a total value of $306,651.45. Following the completion of the transaction, the chief accounting officer now directly owns 11,035 shares of the company’s stock, valued at approximately $267,819.45. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 600,491 shares of company stock valued at $14,361,881. 1.90% of the stock is owned by company insiders.

A number of equities research analysts have recently weighed in on TMHC shares. Zacks Investment Research upgraded Taylor Morrison Home from a “hold” rating to a “strong-buy” rating and set a $26.00 price target for the company in a report on Saturday, August 3rd. Wedbush reiterated an “outperform” rating on shares of Taylor Morrison Home in a report on Thursday, September 19th. B. Riley upgraded Taylor Morrison Home from a “neutral” rating to a “buy” rating and boosted their price target for the company from $22.00 to $26.00 in a report on Thursday, August 1st. Barclays boosted their price target on Taylor Morrison Home from $20.00 to $23.00 and gave the company an “equal weight” rating in a report on Friday, July 19th. Finally, ValuEngine downgraded Taylor Morrison Home from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Taylor Morrison Home has a consensus rating of “Buy” and an average price target of $23.22.

Shares of TMHC opened at $25.77 on Wednesday. The company has a market cap of $2.74 billion, a P/E ratio of 9.72, a PEG ratio of 1.76 and a beta of 0.88. The stock has a fifty day moving average price of $24.57 and a 200 day moving average price of $21.46. The company has a debt-to-equity ratio of 0.89, a current ratio of 7.69 and a quick ratio of 0.60. Taylor Morrison Home Corp has a 12 month low of $14.73 and a 12 month high of $26.24.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings data on Wednesday, July 31st. The construction company reported $0.76 EPS for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.13. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.20 billion. Taylor Morrison Home had a return on equity of 13.66% and a net margin of 5.03%. The firm’s revenue was up 29.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.52 EPS. As a group, research analysts anticipate that Taylor Morrison Home Corp will post 2.77 earnings per share for the current year.

Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation operates as a public homebuilder in the United States. The company designs, builds, and sells single-family and multi-family attached and detached homes; and develops lifestyle and master-planned communities. It operates under the Taylor Morrison and Darling Homes brand names in Arizona, California, Colorado, Florida, Georgia, Illinois, North Carolina and Texas.

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Institutional Ownership by Quarter for Taylor Morrison Home (NYSE:TMHC)

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