Cwm LLC Has $600,000 Position in Taylor Morrison Home Corporation $TMHC

Key Points

• Cwm LLC significantly increased its investment in Taylor Morrison Home Corporation by 196.1%, raising its stake to a total value of $600,000.
• Analysts currently have a consensus rating of "Buy" for TMHC, with an average price target of $76.38, although Royal Bank of Canada recently lowered their target from $75.00 to $68.00.
• Taylor Morrison Home reported earnings of $2.11 EPS for the most recent quarter, surpassing analysts' expectations, despite a slight revenue decline of 1.2% year-over-year.

Cwm LLC increased its stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 196.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,776 shares of the construction company's stock after buying an additional 6,474 shares during the quarter. Cwm LLC's holdings in Taylor Morrison Home were worth $600,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in TMHC. GAMMA Investing LLC grew 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 in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in Taylor Morrison Home during the first quarter worth approximately $258,000. Janney Montgomery Scott LLC grew its position in Taylor Morrison Home by 17.5% during the first quarter. Janney Montgomery Scott LLC now owns 8,056 shares of the construction company's stock worth $484,000 after buying an additional 1,201 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in Taylor Morrison Home by 2.8% during the first quarter. State of Alaska Department of Revenue now owns 12,123 shares of the construction company's stock worth $727,000 after purchasing an additional 325 shares during the last quarter. Finally, Asset Management One Co. Ltd. bought a new stake in Taylor Morrison Home during the first quarter worth $1,254,000. Institutional investors and hedge funds own 95.16% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on TMHC shares. Weiss Ratings restated a "buy (b)" rating on shares of Taylor Morrison Home in a research note on Wednesday, October 8th. Seaport Res Ptn upgraded Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 23rd. Royal Bank Of Canada cut their target price on Taylor Morrison Home from $75.00 to $68.00 and set an "outperform" rating for the company in a research note on Thursday. Wedbush restated an "outperform" rating and set a $85.00 target price on shares of Taylor Morrison Home in a research note on Thursday. Finally, Bank of America cut their target price on Taylor Morrison Home from $75.00 to $72.00 and set a "buy" rating for the company in a research note 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 company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $76.38.

Taylor Morrison Home Stock Up 0.9%

Shares of TMHC opened at $61.11 on Friday. Taylor Morrison Home Corporation has a 52 week low of $51.90 and a 52 week high of $75.49. The stock has a market capitalization of $6.13 billion, a price-to-earnings ratio of 7.36 and a beta of 1.61. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.74 and a current ratio of 7.02. The stock has a fifty day moving average of $66.36 and a 200-day moving average of $62.11.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last announced its quarterly earnings results on Wednesday, October 22nd. The construction company reported $2.11 EPS for the quarter, beating analysts' consensus estimates of $1.93 by $0.18. Taylor Morrison Home had a return on equity of 15.23% and a net margin of 10.16%.The company had revenue of $2.10 billion during the quarter, compared to analysts' expectations of $2.03 billion. During the same period in the prior year, the company earned $2.40 EPS. Taylor Morrison Home's revenue was down 1.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Anne L. Mariucci sold 14,002 shares of the firm's stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $70.00, for a total transaction of $980,140.00. Following the completion of the transaction, the director directly owned 48,191 shares of the company's stock, valued at $3,373,370. This trade represents a 22.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sheryl Palmer sold 25,000 shares of the firm's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $70.20, for a total value of $1,755,000.00. Following the transaction, the chief executive officer directly owned 383,988 shares of the company's stock, valued at approximately $26,955,957.60. This represents a 6.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 67,351 shares of company stock worth $4,700,630. 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.

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