KG&L Capital Management LLC Takes Position in Taylor Morrison Home Corporation $TMHC

Key Points

• KG&L Capital Management LLC has acquired a new stake in Taylor Morrison Home Corporation, purchasing 10,000 shares valued at approximately $614,000 in the 2nd quarter.
• Insider trading activity included CEO Sheryl Palmer selling 25,000 shares for $1,755,000, representing a 6.11% decrease in her ownership.
• Taylor Morrison Home's stock recently opened at $66.25, with a market capitalization of $6.65 billion and a year-over-year revenue increase of 2.0%.

KG&L Capital Management LLC bought a new stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 10,000 shares of the construction company's stock, valued at approximately $614,000.

Other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in 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 during the period. Farther Finance Advisors LLC raised its stake in 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 during the period. Harbor Capital Advisors Inc. raised its stake in 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 acquiring an additional 282 shares during the period. Parallel Advisors LLC raised its stake in Taylor Morrison Home by 29.9% in the 2nd quarter. Parallel Advisors LLC now owns 882 shares of the construction company's stock valued at $54,000 after acquiring an additional 203 shares during the period. Finally, Fifth Third Bancorp raised its stake in 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 during the period. Hedge funds and other institutional investors own 95.16% of the company's stock.

Insider Transactions at Taylor Morrison Home

In other news, CEO Sheryl Palmer sold 25,000 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was 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 owned 383,988 shares of the company's stock, valued at approximately $26,955,957.60. The trade was a 6.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anne L. Mariucci sold 14,002 shares of the business's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $70.00, for a total value of $980,140.00. Following the transaction, the director directly owned 48,191 shares of the company's stock, valued at $3,373,370. The trade was a 22.51% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 67,351 shares of company stock valued at $4,700,630. 1.40% of the stock is owned by corporate insiders.

Taylor Morrison Home Stock Up 1.8%

Shares of NYSE TMHC opened at $66.25 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 current ratio of 6.54, a quick ratio of 0.74 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $6.65 billion, a price-to-earnings ratio of 7.65 and a beta of 1.58. The business has a 50-day moving average of $66.36 and a 200-day moving average of $61.62.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The construction company reported $2.02 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $1.93 billion. During the same quarter in the previous year, the firm earned $1.86 earnings per share. Taylor Morrison Home's revenue was up 2.0% on a year-over-year basis. Sell-side analysts expect that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

TMHC has been the topic of a number of research reports. Seaport Res Ptn upgraded Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 23rd. Wall Street Zen cut Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note on Sunday, June 1st. Finally, Bank of America boosted their price objective on Taylor Morrison Home from $72.00 to $75.00 and gave the company a "buy" rating in a research note on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $77.50.

Taylor Morrison Home 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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