Hodges Capital Management Inc. Has $13.55 Million Stock Holdings in Taylor Morrison Home Corporation $TMHC

Key Points

• Hodges Capital Management Inc. reduced its stake in Taylor Morrison Home Corporation by 45.1%, selling 185,622 shares and now holds 225,744 shares, representing 1.4% of its portfolio.
• Institutional investors own approximately 95.16% of Taylor Morrison's stock, with significant investments from firms like Nuveen LLC and Victory Capital Management Inc., which raised holdings by 197.2%.
• Taylor Morrison reported earnings of $2.02 per share for the last quarter, surpassing estimates, and experienced a revenue increase of 2.0% year-over-year, totaling $2.03 billion.

Hodges Capital Management Inc. cut its holdings in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 45.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 225,744 shares of the construction company's stock after selling 185,622 shares during the quarter. Taylor Morrison Home makes up 1.4% of Hodges Capital Management Inc.'s portfolio, making the stock its 15th largest position. Hodges Capital Management Inc. owned 0.22% of Taylor Morrison Home worth $13,554,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Nuveen Asset Management LLC increased its stake in shares of Taylor Morrison Home by 1.6% in the fourth quarter. Nuveen Asset Management LLC now owns 952,988 shares of the construction company's stock valued at $58,332,000 after buying an additional 14,590 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Taylor Morrison Home by 80.2% in the first quarter. Assenagon Asset Management S.A. now owns 912,064 shares of the construction company's stock valued at $54,760,000 after buying an additional 405,875 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Taylor Morrison Home by 14.4% in the first quarter. American Century Companies Inc. now owns 877,305 shares of the construction company's stock valued at $52,673,000 after buying an additional 110,619 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Taylor Morrison Home in the first quarter valued at $51,329,000. Finally, Victory Capital Management Inc. boosted its holdings in Taylor Morrison Home by 197.2% in the first quarter. Victory Capital Management Inc. now owns 793,987 shares of the construction company's stock valued at $47,671,000 after acquiring an additional 526,819 shares during the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Taylor Morrison Home

In other news, 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 sale, the chief executive officer owned 370,475 shares of the company's stock, valued at $26,696,428.50. This trade represents a 3.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Curtis Vanhyfte sold 5,082 shares of the firm's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $69.97, for a total value of $355,587.54. Following the sale, the chief financial officer directly owned 11,742 shares in the company, valued at approximately $821,587.74. This represents a 30.21% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 67,351 shares of company stock valued at $4,700,630 over the last 90 days. 1.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TMHC shares. Wall Street Zen cut Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Sunday, June 1st. Seaport Res Ptn upgraded Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $76.88.

Taylor Morrison Home Trading Up 1.2%

TMHC traded up $0.85 during midday trading on Wednesday, reaching $69.10. 173,327 shares of the company were exchanged, compared to its average volume of 1,078,802. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.74 and a current ratio of 6.54. Taylor Morrison Home Corporation has a one year low of $51.90 and a one year high of $75.49. The stock has a market capitalization of $6.94 billion, a P/E ratio of 7.99 and a beta of 1.58. The stock's 50-day simple moving average is $65.90 and its 200 day simple moving average is $61.29.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last issued its earnings results 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. The firm had revenue of $2.03 billion for the quarter, compared to analysts' expectations of $1.93 billion. Taylor Morrison Home had a return on equity of 16.22% and a net margin of 10.72%.The company's revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.86 earnings per share. As a group, analysts forecast that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current fiscal 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.