Taylor Morrison Home Corporation $TMHC Shares Bought by Ameriprise Financial Inc.

Key Points

• Ameriprise Financial Inc. increased its investment in Taylor Morrison Home Corporation by 8.6%, owning 696,078 shares valued at approximately $41.80 million as of its latest SEC filing.
• Several major investors have also increased their stakes in Taylor Morrison, with institutional investors owning 95.16% of the company's stock.
• The company's latest earnings report indicated a net margin of 10.72% and earnings per share of $2.02, surpassing analysts' expectations.

Ameriprise Financial Inc. increased its holdings in shares of Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 8.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 696,078 shares of the construction company's stock after acquiring an additional 54,908 shares during the period. Ameriprise Financial Inc. owned about 0.69% of Taylor Morrison Home worth $41,795,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Northern Trust Corp grew its holdings in shares of Taylor Morrison Home by 13.4% during the 4th quarter. Northern Trust Corp now owns 1,670,241 shares of the construction company's stock valued at $102,235,000 after purchasing an additional 197,880 shares during the last quarter. Nuveen Asset Management LLC boosted its holdings in shares of Taylor Morrison Home by 1.6% in the 4th quarter. Nuveen Asset Management LLC now owns 952,988 shares of the construction company's stock worth $58,332,000 after buying an additional 14,590 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Taylor Morrison Home by 80.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 912,064 shares of the construction company's stock worth $54,760,000 after buying an additional 405,875 shares during the last quarter. American Century Companies Inc. lifted its holdings in Taylor Morrison Home by 14.4% during the first quarter. American Century Companies Inc. now owns 877,305 shares of the construction company's stock valued at $52,673,000 after purchasing an additional 110,619 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Taylor Morrison Home in the first quarter worth about $51,329,000. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Taylor Morrison Home Stock Performance

Shares of NYSE:TMHC traded down $0.58 during trading on Tuesday, hitting $66.79. The stock had a trading volume of 252,742 shares, compared to its average volume of 1,078,690. Taylor Morrison Home Corporation has a 12-month low of $51.90 and a 12-month high of $75.49. The stock has a market capitalization of $6.70 billion, a price-to-earnings ratio of 7.71 and a beta of 1.58. The company has a quick ratio of 0.74, a current ratio of 6.54 and a debt-to-equity ratio of 0.35. The stock has a 50-day simple moving average of $64.32 and a two-hundred day simple moving average of $60.72.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The construction company reported $2.02 EPS for the quarter, beating analysts' consensus estimates of $1.94 by $0.08. The business had revenue of $2.03 billion during the quarter, compared to analysts' expectations of $1.93 billion. Taylor Morrison Home had a return on equity of 16.22% and a net margin of 10.72%.The business's revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the business earned $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 fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Wall Street Zen lowered Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note on Sunday, June 1st. Bank of America started coverage on Taylor Morrison Home in a research report on Monday, May 5th. They issued a "buy" rating and a $70.00 target price for the company. Finally, Seaport Res Ptn upgraded Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $76.88.

Insider Buying and Selling at Taylor Morrison Home

In related news, CEO Sheryl Palmer sold 25,000 shares of the business's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $70.20, for a total value of $1,755,000.00. Following the sale, the chief executive officer owned 383,988 shares in the company, valued at approximately $26,955,957.60. The trade was a 6.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Curtis Vanhyfte sold 9,754 shares of the company's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $65.22, for a total value of $636,155.88. Following the sale, the chief financial officer owned 14,163 shares in the company, valued at approximately $923,710.86. This trade represents a 40.78% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 39,836 shares of company stock worth $2,746,743. Corporate insiders own 1.40% of the company's stock.

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.