Coppell Advisory Solutions LLC Makes New Investment in Taylor Morrison Home Corporation $TMHC

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 bought a new position in shares of Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 18,161 shares of the construction company's stock, valued at approximately $1,034,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Morse Asset Management Inc bought a new position in Taylor Morrison Home during the 4th quarter worth about $29,000. GAMMA Investing LLC grew 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 acquiring an additional 444 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Taylor Morrison Home by 49.5% in the 1st quarter. Farther Finance Advisors LLC now owns 791 shares of the construction company's stock valued at $48,000 after buying an additional 262 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of Taylor Morrison Home by 50.2% in the 1st quarter. Harbor Capital Advisors Inc. now owns 844 shares of the construction company's stock valued at $51,000 after buying an additional 282 shares in the last quarter. Finally, Fifth Third Bancorp boosted its holdings in shares of Taylor Morrison Home by 27.8% in the 1st quarter. Fifth Third Bancorp now owns 1,034 shares of the construction company's stock valued at $62,000 after buying an additional 225 shares in the last quarter. 95.16% of the stock is currently owned by institutional investors.

Insider Activity at Taylor Morrison Home

In other Taylor Morrison Home news, CEO Sheryl Palmer sold 25,000 shares of the firm'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 transaction of $1,755,000.00. Following the completion of the transaction, the chief executive officer directly owned 383,988 shares of the company's stock, valued at approximately $26,955,957.60. This trade represents a 6.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Curtis Vanhyfte sold 9,754 shares of the firm'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 transaction 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 53,349 shares of company stock valued at $3,720,490 over the last ninety days. 1.40% of the stock is currently owned by insiders.

Taylor Morrison Home Stock Performance

Shares of Taylor Morrison Home stock traded down $1.44 during midday trading on Friday, hitting $69.69. The company had a trading volume of 1,231,616 shares, compared to its average volume of 1,081,764. The stock has a market cap of $6.99 billion, a price-to-earnings ratio of 8.05 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 company has a fifty day simple moving average of $65.66 and a 200 day simple moving average of $61.20. Taylor Morrison Home Corporation has a 12-month low of $51.90 and a 12-month high of $75.49.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TMHC. 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. Wall Street Zen cut shares of 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's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $76.88.

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.