18,036 Shares in Taylor Morrison Home Corporation $TMHC Acquired by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC purchased a new stake in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 18,036 shares of the construction company's stock, valued at approximately $1,108,000.

Several other hedge funds also recently modified their holdings of TMHC. GAMMA Investing LLC increased its stake in shares of Taylor Morrison Home by 193.0% in the 1st quarter. GAMMA Investing LLC now owns 674 shares of the construction company's stock valued at $40,000 after acquiring an additional 444 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Taylor Morrison Home by 49.5% during the first quarter. Farther Finance Advisors LLC now owns 791 shares of the construction company's stock valued at $48,000 after buying an additional 262 shares during the period. Harbor Capital Advisors Inc. lifted its position in Taylor Morrison Home by 50.2% during the first quarter. Harbor Capital Advisors Inc. now owns 844 shares of the construction company's stock valued at $51,000 after buying an additional 282 shares during the period. Parallel Advisors LLC lifted its position in Taylor Morrison Home by 29.9% during the second quarter. Parallel Advisors LLC now owns 882 shares of the construction company's stock valued at $54,000 after buying an additional 203 shares during the period. Finally, Fifth Third Bancorp boosted its stake in Taylor Morrison Home by 27.8% in the 1st quarter. Fifth Third Bancorp now owns 1,034 shares of the construction company's stock worth $62,000 after purchasing an additional 225 shares during the period. Institutional investors own 95.16% of the company's stock.

Taylor Morrison Home Stock Down 2.5%

Shares of TMHC opened at $66.04 on Tuesday. The company has a 50-day simple moving average of $66.11 and a 200-day simple moving average of $61.48. The firm has a market capitalization of $6.63 billion, a P/E ratio of 7.63 and a beta of 1.58. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.74 and a current ratio of 6.54. Taylor Morrison Home Corporation has a 52 week low of $51.90 and a 52 week high of $75.49.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The construction company reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.08. The firm had revenue of $2.03 billion during the quarter, compared to analyst estimates of $1.93 billion. Taylor Morrison Home had a net margin of 10.72% and a return on equity of 16.22%. The company's quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.86 earnings per share. On average, equities research analysts expect that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current year.

Insider Transactions at Taylor Morrison Home

In other Taylor Morrison Home news, CEO Sheryl Palmer sold 13,513 shares of the firm's stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $72.06, for a total value of $973,746.78. Following the transaction, the chief executive officer directly owned 370,475 shares of the company's stock, valued at approximately $26,696,428.50. This trade represents a 3.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Curtis Vanhyfte sold 5,082 shares of Taylor Morrison Home stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $69.97, for a total transaction of $355,587.54. Following the transaction, the chief financial officer directly owned 11,742 shares in the company, valued at approximately $821,587.74. This represents a 30.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 67,351 shares of company stock valued at $4,700,630. Corporate insiders own 1.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TMHC. Bank of America lifted their price target on Taylor Morrison Home from $72.00 to $75.00 and gave the stock a "buy" rating in a research note on Thursday, September 18th. Seaport Res Ptn upgraded Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 23rd. Finally, Wall Street Zen downgraded Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Sunday, June 1st. One investment analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $77.50.

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.

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