Landscape Capital Management L.L.C. Lowers Holdings in Taylor Morrison Home Corporation $TMHC

Key Points

• Landscape Capital Management L.L.C. reduced its stake in Taylor Morrison Home Corporation by 50.2%, now holding 6,135 shares valued at $368,000 as of the latest quarter.
• Several institutional investors, such as Northern Trust Corp and Assenagon Asset Management S.A., have increased their positions in Taylor Morrison Home, indicating robust interest in the company's stock.
• Despite recent insider selling, analysts maintain a consensus rating of "Buy" for the stock, with a price target averaging around $76.88.

Landscape Capital Management L.L.C. lessened its position in shares of Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 50.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,135 shares of the construction company's stock after selling 6,184 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Taylor Morrison Home were worth $368,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Northern Trust Corp grew its stake in Taylor Morrison Home by 13.4% during the 4th quarter. Northern Trust Corp now owns 1,670,241 shares of the construction company's stock valued at $102,235,000 after purchasing an additional 197,880 shares during the last quarter. Nuveen Asset Management LLC boosted 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 worth $58,332,000 after buying an additional 14,590 shares during the last quarter. Assenagon Asset Management S.A. boosted 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 worth $54,760,000 after buying an additional 405,875 shares during the last quarter. American Century Companies Inc. boosted 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 worth $52,673,000 after buying an additional 110,619 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Taylor Morrison Home in the first quarter worth about $51,329,000. Hedge funds and other institutional investors own 95.16% of the company's stock.

Taylor Morrison Home Price Performance

NYSE TMHC traded up $0.76 during trading hours on Wednesday, reaching $67.48. The company's stock had a trading volume of 676,320 shares, compared to its average volume of 1,087,635. The company's 50-day moving average is $64.57 and its two-hundred day moving average is $60.80. Taylor Morrison Home Corporation has a 1-year low of $51.90 and a 1-year high of $75.49. The firm has a market capitalization of $6.77 billion, a price-to-earnings ratio of 7.79 and a beta of 1.58. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.54 and a quick ratio of 0.74.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The construction company reported $2.02 EPS for the quarter, beating 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 business had revenue of $2.03 billion during the quarter, compared to analysts' expectations of $1.93 billion. During the same quarter in the prior year, the firm earned $1.86 earnings per share. The business's revenue was up 2.0% compared to the same quarter last year. On average, equities analysts predict that Taylor Morrison Home Corporation will post 8.93 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TMHC. Wall Street Zen downgraded Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note on Sunday, June 1st. Seaport Res Ptn upgraded Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $76.88.

Insider Buying and Selling

In other Taylor Morrison Home news, CFO Curtis Vanhyfte sold 9,754 shares of the 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 completion of the transaction, the chief financial officer 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sheryl Palmer sold 25,000 shares of the company'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 value of $1,755,000.00. Following the completion of the sale, the chief executive officer owned 383,988 shares of the company's stock, valued at $26,955,957.60. This trade represents a 6.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 39,836 shares of company stock valued at $2,746,743 in the last three months. Insiders own 1.40% of the company's stock.

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.