Abel Hall LLC Buys Shares of 4,010 Taylor Morrison Home Corporation $TMHC

Key Points

• Abel Hall LLC has acquired a new stake in Taylor Morrison Home Corporation, purchasing 4,010 shares valued at approximately $246,000.
• Analysts have issued optimistic ratings for Taylor Morrison Home, with Weiss Ratings reiterating a "buy" rating and Bank of America raising their price target from $72 to $75.
• CEO Sheryl Palmer and CFO Curtis Vanhyfte have both sold shares recently, with Palmer's sale representing a 6.11% decrease in her ownership of the company's stock.

Abel Hall LLC bought a new stake in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,010 shares of the construction company's stock, valued at approximately $246,000.

A number of other institutional investors have also recently added to or reduced their stakes in TMHC. GAMMA Investing LLC lifted its stake in Taylor Morrison Home by 193.0% in the first quarter. GAMMA Investing LLC now owns 674 shares of the construction company's stock valued at $40,000 after acquiring an additional 444 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Taylor Morrison Home by 49.5% in the first quarter. Farther Finance Advisors LLC now owns 791 shares of the construction company's stock valued at $48,000 after acquiring an additional 262 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in Taylor Morrison Home by 50.2% in the first quarter. Harbor Capital Advisors Inc. now owns 844 shares of the construction company's stock valued at $51,000 after acquiring an additional 282 shares during the last quarter. Parallel Advisors LLC lifted its stake in Taylor Morrison Home by 29.9% in the second quarter. Parallel Advisors LLC now owns 882 shares of the construction company's stock valued at $54,000 after acquiring an additional 203 shares during the last quarter. Finally, Fifth Third Bancorp lifted its stake in Taylor Morrison Home by 27.8% in the first quarter. Fifth Third Bancorp now owns 1,034 shares of the construction company's stock valued at $62,000 after acquiring an additional 225 shares during the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Weiss Ratings reiterated a "buy (b)" rating on shares of Taylor Morrison Home in a research note on Wednesday. Seaport Res Ptn upgraded shares of Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 23rd. Finally, Bank of America boosted their price objective on shares of Taylor Morrison Home from $72.00 to $75.00 and gave the stock a "buy" rating in a research note on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $77.50.

Taylor Morrison Home Price Performance

Shares of Taylor Morrison Home stock opened at $62.93 on Thursday. Taylor Morrison Home Corporation has a 1-year low of $51.90 and a 1-year high of $75.49. The firm has a fifty day simple moving average of $66.98 and a 200-day simple moving average of $61.98. The stock has a market capitalization of $6.32 billion, a price-to-earnings ratio of 7.27 and a beta of 1.61. The company has a current ratio of 6.54, a quick ratio of 0.74 and a debt-to-equity ratio of 0.35.

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

Insider Buying and Selling

In related news, CEO Sheryl Palmer sold 25,000 shares of the business's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $70.20, for a total transaction of $1,755,000.00. Following the transaction, the chief executive officer owned 383,988 shares of the company's stock, valued at approximately $26,955,957.60. The trade was a 6.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Curtis Vanhyfte sold 9,754 shares of the business's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $65.22, for a total transaction of $636,155.88. Following the transaction, the chief financial officer directly owned 14,163 shares in the company, valued at $923,710.86. This trade represents a 40.78% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 67,351 shares of company stock valued at $4,700,630. 1.40% of the stock is owned by company insiders.

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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