18,161 Shares in Taylor Morrison Home Corporation $TMHC Purchased by Coppell Advisory Solutions LLC

Key Points

• Coppell Advisory Solutions LLC has acquired 18,161 shares of Taylor Morrison Home Corporation for approximately $1,034,000, signaling increased institutional interest in the company.
• Recent analyst reports indicate a shift in outlook with Seaport Res Ptn upgrading TMHC from "hold" to "strong-buy", while the consensus rating remains "Buy" with a target price of $76.88.
• CEO Sheryl Palmer sold 13,513 shares at an average price of $72.06, contributing to a total insider sale of $3,720,490 over the last quarter, which could indicate potential insider sentiment on stock performance.

Coppell Advisory Solutions LLC acquired a new stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 18,161 shares of the construction company's stock, valued at approximately $1,034,000.

Several other hedge funds have also recently made changes to their positions in the stock. United Services Automobile Association purchased a new position in shares of Taylor Morrison Home during the first quarter valued at approximately $399,000. Caxton Associates LLP bought a new stake in Taylor Morrison Home during the first quarter valued at approximately $2,303,000. Dynamic Technology Lab Private Ltd bought a new stake in Taylor Morrison Home during the first quarter valued at approximately $1,403,000. Teza Capital Management LLC bought a new stake in Taylor Morrison Home during the first quarter valued at approximately $220,000. Finally, PharVision Advisers LLC bought a new stake in Taylor Morrison Home during the first quarter valued at approximately $216,000. 95.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Seaport Res Ptn upgraded shares of Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 23rd. Wall Street Zen lowered Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note on Sunday, June 1st. One investment analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $76.88.

Insider Buying and Selling at Taylor Morrison Home

In related news, CFO Curtis Vanhyfte sold 5,082 shares of the firm's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $69.97, for a total value of $355,587.54. Following the transaction, the chief financial officer owned 11,742 shares of the company's stock, valued at $821,587.74. This trade represents a 30.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Sheryl Palmer sold 13,513 shares of the firm's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $72.06, for a total transaction of $973,746.78. Following the completion of the transaction, the chief executive officer directly owned 370,475 shares in the company, valued at $26,696,428.50. This represents a 3.52% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 53,349 shares of company stock worth $3,720,490. Insiders own 1.40% of the company's stock.

Taylor Morrison Home Trading Down 2.0%

Shares of TMHC traded down $1.44 during midday trading on Friday, hitting $69.69. The stock had a trading volume of 1,231,616 shares, compared to its average volume of 1,080,228. Taylor Morrison Home Corporation has a 1 year low of $51.90 and a 1 year high of $75.49. The firm has a market cap of $6.99 billion, a PE ratio of 8.05 and a beta of 1.58. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.54 and a quick ratio of 0.74. The stock's 50 day moving average is $65.54 and its 200 day moving average is $61.16.

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 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 for the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the prior year, the firm posted $1.86 earnings per share. The business's revenue for the quarter was up 2.0% on a year-over-year basis. As a group, analysts forecast that Taylor Morrison Home Corporation will post 8.93 EPS for the current fiscal year.

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.