Bridges Investment Management Inc. Has $2.23 Million Stake in Taylor Morrison Home Corporation $TMHC

Bridges Investment Management Inc. boosted its holdings in shares of Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 15.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,241 shares of the construction company's stock after buying an additional 4,856 shares during the quarter. Bridges Investment Management Inc.'s holdings in Taylor Morrison Home were worth $2,226,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of TMHC. GAMMA Investing LLC increased its position in Taylor Morrison Home by 193.0% during the first quarter. GAMMA Investing LLC now owns 674 shares of the construction company's stock worth $40,000 after buying an additional 444 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings 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 acquiring an additional 262 shares during the period. Parallel Advisors LLC boosted its holdings 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 acquiring an additional 203 shares during the period. Fifth Third Bancorp boosted its holdings in Taylor Morrison Home by 27.8% during 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 period. Finally, IFP Advisors Inc bought a new stake in Taylor Morrison Home during the second quarter valued at about $65,000. 95.16% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on TMHC shares. Seaport Res Ptn upgraded shares of Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 23rd. Weiss Ratings restated a "buy (b)" rating on shares of Taylor Morrison Home in a report on Wednesday, October 8th. Finally, Bank of America decreased their price target on shares of Taylor Morrison Home from $75.00 to $72.00 and set a "buy" rating for the company in a report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. According to data from MarketBeat.com, Taylor Morrison Home currently has a consensus rating of "Buy" and a consensus price target of $77.13.

Taylor Morrison Home Stock Down 1.5%

NYSE TMHC opened at $61.68 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.74 and a current ratio of 6.54. The firm has a 50-day simple moving average of $66.85 and a 200 day simple moving average of $62.02. Taylor Morrison Home Corporation has a twelve month low of $51.90 and a twelve month high of $75.49. The stock has a market cap of $6.19 billion, a PE ratio of 7.12 and a beta of 1.61.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last released its earnings results on Wednesday, July 23rd. The construction company reported $2.02 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $1.93 billion. During the same quarter last year, the company earned $1.86 earnings per share. The firm's revenue was up 2.0% on a year-over-year basis. On average, research analysts forecast that Taylor Morrison Home Corporation will post 8.93 EPS for the current year.

Insider Activity at Taylor Morrison Home

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.