Taylor Morrison Home Corporation $TMHC Shares Sold by Inspire Investing LLC

Inspire Investing LLC cut its holdings in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 60.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,394 shares of the construction company’s stock after selling 12,954 shares during the period. Inspire Investing LLC’s holdings in Taylor Morrison Home were worth $554,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Long Pond Capital LP boosted its holdings in Taylor Morrison Home by 132.4% in the second quarter. Long Pond Capital LP now owns 1,561,586 shares of the construction company’s stock worth $95,913,000 after acquiring an additional 889,616 shares in the last quarter. Norges Bank acquired a new stake in Taylor Morrison Home in the 2nd quarter worth approximately $93,627,000. Charles Schwab Investment Management Inc. grew its position in Taylor Morrison Home by 1.5% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,374,540 shares of the construction company’s stock worth $84,424,000 after purchasing an additional 20,902 shares during the last quarter. AQR Capital Management LLC increased its stake in Taylor Morrison Home by 118.0% during the 2nd quarter. AQR Capital Management LLC now owns 1,273,418 shares of the construction company’s stock valued at $77,933,000 after purchasing an additional 689,286 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Taylor Morrison Home by 21.9% in the second quarter. American Century Companies Inc. now owns 1,069,859 shares of the construction company’s stock worth $65,711,000 after buying an additional 192,554 shares during the last quarter. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on TMHC shares. Royal Bank Of Canada dropped their price objective on shares of Taylor Morrison Home from $75.00 to $68.00 and set an “outperform” rating on the stock in a report on Thursday, October 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Taylor Morrison Home in a research report on Monday. Zacks Research raised Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Tuesday. Bank of America decreased their target price on Taylor Morrison Home from $75.00 to $72.00 and set a “buy” rating for the company in a report on Friday, October 10th. Finally, Barclays reiterated an “overweight” rating and issued a $71.00 target price on shares of Taylor Morrison Home in a research report on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Taylor Morrison Home currently has a consensus rating of “Buy” and an average target price of $75.57.

Taylor Morrison Home Stock Up 0.3%

Shares of TMHC opened at $59.66 on Friday. The company has a market capitalization of $5.83 billion, a price-to-earnings ratio of 7.19 and a beta of 1.57. Taylor Morrison Home Corporation has a 52 week low of $51.90 and a 52 week high of $72.50. The stock’s 50-day moving average price is $60.59 and its 200-day moving average price is $63.14. The company has a quick ratio of 1.02, a current ratio of 7.02 and a debt-to-equity ratio of 0.35.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings results on Wednesday, October 22nd. The construction company reported $2.11 earnings per share for the quarter, beating the consensus estimate of $1.93 by $0.18. Taylor Morrison Home had a return on equity of 15.23% and a net margin of 10.16%.The company had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same period last year, the business earned $2.40 earnings per share. Taylor Morrison Home’s quarterly revenue was down 1.2% on a year-over-year basis. On average, sell-side analysts predict that Taylor Morrison Home Corporation will post 8.93 EPS for the current year.

Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation (NYSE:TMHC) is a leading national homebuilder and developer specializing in the design, construction and sale of single-family detached and attached homes. The company’s portfolio spans entry-level, first-time, move-up and active-adult segments, offering buyers a diverse array of architectural styles, floor plans and personalized design options. Through its vertically integrated model, Taylor Morrison manages land acquisition, community development, construction and sales to deliver quality homes and customer-focused experiences across its markets.

The company’s heritage traces back to Morrison Homes, founded in 1977, and Taylor Woodrow, established in 1921 in the United Kingdom.