Banco Bilbao Vizcaya Argentaria S.A. Buys Shares of 4,069 Taylor Morrison Home Corporation $TMHC

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. acquired 4,069 shares of Taylor Morrison Home Corporation valued at approximately $243,000, marking a new position in the home construction company.
• CFO Curtis Vanhyfte sold 9,754 shares of the company's stock for about $636,156, which represents a 40.78% decrease in his ownership.
• Analyst ratings for Taylor Morrison have varied, with a recent upgrade from Seaport Res Ptn to a "strong-buy," while Bank of America initiated coverage with a "buy" rating and a price target of $70.00.

Banco Bilbao Vizcaya Argentaria S.A. purchased a new stake in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 4,069 shares of the construction company's stock, valued at approximately $243,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Hsbc Holdings PLC grew its holdings in Taylor Morrison Home by 0.5% in the 1st quarter. Hsbc Holdings PLC now owns 212,602 shares of the construction company's stock valued at $12,713,000 after buying an additional 1,087 shares during the period. Quantbot Technologies LP grew its holdings in Taylor Morrison Home by 222.5% in the 1st quarter. Quantbot Technologies LP now owns 115,827 shares of the construction company's stock valued at $6,954,000 after buying an additional 79,912 shares during the period. Cornerstone Select Advisors LLC grew its holdings in Taylor Morrison Home by 0.7% in the 1st quarter. Cornerstone Select Advisors LLC now owns 24,190 shares of the construction company's stock valued at $1,452,000 after buying an additional 175 shares during the period. Versor Investments LP grew its holdings in Taylor Morrison Home by 73.1% in the 1st quarter. Versor Investments LP now owns 11,600 shares of the construction company's stock valued at $696,000 after buying an additional 4,900 shares during the period. Finally, Algert Global LLC grew its holdings in Taylor Morrison Home by 4.0% in the 1st quarter. Algert Global LLC now owns 242,241 shares of the construction company's stock valued at $14,544,000 after buying an additional 9,360 shares during the period. Hedge funds and other institutional investors own 95.16% of the company's stock.

Insider Buying and Selling

In other Taylor Morrison Home news, CFO Curtis Vanhyfte sold 9,754 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $65.22, for a total value of $636,155.88. Following the transaction, the chief financial officer directly owned 14,163 shares of the company's stock, valued at $923,710.86. This represents a 40.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Sheryl Palmer sold 25,000 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $70.20, for a total value of $1,755,000.00. Following the completion of the transaction, the chief executive officer directly owned 383,988 shares in the company, valued at approximately $26,955,957.60. The trade was a 6.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 39,836 shares of company stock valued at $2,746,743. 1.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TMHC. Bank of America began coverage on Taylor Morrison Home in a report on Monday, May 5th. They set a "buy" rating and a $70.00 target price for the company. Seaport Res Ptn upgraded Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 23rd. Finally, Wall Street Zen cut Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Sunday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. According to MarketBeat, Taylor Morrison Home has a consensus rating of "Buy" and a consensus price target of $76.88.

Taylor Morrison Home Stock Down 0.1%

NYSE TMHC traded down $0.07 on Wednesday, reaching $67.31. The company had a trading volume of 719,046 shares, compared to its average volume of 1,230,097. The firm has a market capitalization of $6.76 billion, a PE ratio of 7.77 and a beta of 1.53. Taylor Morrison Home Corporation has a 1 year low of $51.90 and a 1 year high of $75.49. The firm has a 50-day moving average of $63.82 and a 200-day moving average of $60.67. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.54 and a quick ratio of 0.74.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The construction company reported $2.02 earnings per share for the quarter, topping analysts' consensus estimates of $1.94 by $0.08. The firm 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%.Taylor Morrison Home's quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.86 EPS. On average, equities research analysts anticipate that Taylor Morrison Home Corporation will post 8.93 EPS for the current fiscal year.

Taylor Morrison Home Company Profile

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.