Foster & Motley Inc. Purchases 8,472 Shares of Taylor Morrison Home Corporation $TMHC

Key Points

• Foster & Motley Inc. increased its stake in Taylor Morrison Home Corporation by 23.8%, acquiring an additional 8,472 shares, bringing its total holdings to 44,043 shares valued at $2,705,000.
• Insider trading activity included CFO Curtis Vanhyfte and Director Anne L. Mariucci selling significant amounts of stock, with Vanhyfte selling 5,082 shares and Mariucci selling 14,002 shares.
• Wall Street analysts have a consensus rating of "Buy" for Taylor Morrison Home, with a target price averaging $77.13, despite Bank of America's recent price objective downgrade from $75.00 to $72.00.

Foster & Motley Inc. grew its stake in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 23.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,043 shares of the construction company's stock after acquiring an additional 8,472 shares during the period. Foster & Motley Inc.'s holdings in Taylor Morrison Home were worth $2,705,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of TMHC. Farther Finance Advisors LLC grew 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 acquiring an additional 262 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Taylor Morrison Home by 193.0% in the 1st quarter. GAMMA Investing LLC now owns 674 shares of the construction company's stock valued at $40,000 after acquiring an additional 444 shares in the last quarter. Fifth Third Bancorp grew 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 acquiring an additional 225 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of Taylor Morrison Home in the 1st quarter valued at about $258,000. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Taylor Morrison Home by 17.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 8,056 shares of the construction company's stock valued at $484,000 after acquiring an additional 1,201 shares in the last quarter. Institutional investors own 95.16% of the company's stock.

Insider Transactions at Taylor Morrison Home

In other news, CFO Curtis Vanhyfte sold 5,082 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The stock was 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 in the company, valued at $821,587.74. The trade was a 30.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Anne L. Mariucci sold 14,002 shares of the business's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $70.00, for a total value of $980,140.00. Following the sale, the director owned 48,191 shares of the company's stock, valued at approximately $3,373,370. This represents a 22.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 67,351 shares of company stock worth $4,700,630 over the last quarter. Company insiders own 1.40% of the company's stock.

Wall Street Analysts Forecast Growth

TMHC has been the subject of several analyst reports. Bank of America decreased their price objective on Taylor Morrison Home from $75.00 to $72.00 and set a "buy" rating for the company in a report on Friday, October 10th. Weiss Ratings reiterated a "buy (b)" rating on shares of Taylor Morrison Home in a report on Wednesday, October 8th. Finally, Seaport Res Ptn upgraded Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $77.13.

Taylor Morrison Home Trading Down 0.0%

Shares of TMHC stock opened at $61.73 on Friday. Taylor Morrison Home Corporation has a 12-month low of $51.90 and a 12-month high of $75.49. The company has a market capitalization of $6.20 billion, a PE ratio of 7.13 and a beta of 1.61. The firm has a 50 day moving average price of $66.79 and a two-hundred day moving average price of $62.04. The company has a quick ratio of 0.74, a current ratio of 6.54 and a debt-to-equity ratio of 0.35.

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, topping analysts' consensus estimates 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 company had revenue of $2.03 billion during the quarter, compared to analysts' expectations of $1.93 billion. During the same quarter in the previous year, the company posted $1.86 earnings per share. The business's revenue was up 2.0% on a year-over-year basis. As a group, analysts predict that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current year.

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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