Cetera Investment Advisers Has $1.14 Million Stock Position in Taylor Morrison Home Corporation (NYSE:TMHC)

Key Points

• Cetera Investment Advisers reduced its holdings in Taylor Morrison Home Corporation by 37.3%, selling 11,273 shares and leaving a total of 18,925 shares in its portfolio.
• Despite Cetera's selling, several other large investors increased their stakes in Taylor Morrison Home, with a combined total of 95.16% of the stock now owned by institutional investors.
• Analysts maintain a consensus rating of "Buy" for Taylor Morrison Home, with an average price target of $76.88, indicating potential growth.

Cetera Investment Advisers trimmed its holdings in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 37.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,925 shares of the construction company's stock after selling 11,273 shares during the quarter. Cetera Investment Advisers' holdings in Taylor Morrison Home were worth $1,136,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in TMHC. Morse Asset Management Inc bought a new stake in Taylor Morrison Home during the 4th quarter worth about $29,000. GAMMA Investing LLC raised its holdings in Taylor Morrison Home by 193.0% during the 1st quarter. GAMMA Investing LLC now owns 674 shares of the construction company's stock worth $40,000 after purchasing an additional 444 shares during the last quarter. Quarry LP raised its holdings in Taylor Morrison Home by 202.1% during the 4th quarter. Quarry LP now owns 704 shares of the construction company's stock worth $43,000 after purchasing an additional 471 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Taylor Morrison Home by 49.5% during the 1st quarter. Farther Finance Advisors LLC now owns 791 shares of the construction company's stock worth $48,000 after purchasing an additional 262 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its holdings in Taylor Morrison Home by 50.2% during the 1st quarter. Harbor Capital Advisors Inc. now owns 844 shares of the construction company's stock worth $51,000 after purchasing an additional 282 shares during the last quarter. 95.16% of the stock is owned by institutional investors.

Insider Activity

In related news, CFO Curtis Vanhyfte sold 9,754 shares of the business'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 completion of the transaction, the chief financial officer directly owned 14,163 shares in the company, valued at approximately $923,710.86. The trade was a 40.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.40% of the company's stock.

Taylor Morrison Home Stock Up 4.8%

Shares of TMHC traded up $3.19 on Wednesday, hitting $69.28. The company's stock had a trading volume of 1,901,345 shares, compared to its average volume of 1,242,871. 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 firm's fifty day moving average price is $61.92 and its 200-day moving average price is $60.46. Taylor Morrison Home Corporation has a fifty-two week low of $51.90 and a fifty-two week high of $75.49. The firm has a market capitalization of $6.95 billion, a price-to-earnings ratio of 8.00 and a beta of 1.53.

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Barclays set a $69.00 price objective on Taylor Morrison Home and gave the stock an "overweight" rating in a report on Thursday, April 24th. Wall Street Zen cut Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note on Sunday, June 1st. Wedbush reaffirmed an "outperform" rating and issued a $85.00 price target on shares of Taylor Morrison Home in a research note on Wednesday, April 23rd. Seaport Res Ptn raised Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 23rd. Finally, Bank of America assumed coverage on Taylor Morrison Home in a research note on Monday, May 5th. They issued a "buy" rating and a $70.00 price target for the company. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Taylor Morrison Home presently has a consensus rating of "Buy" and an average price target of $76.88.

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.