Taylor Morrison Home Corporation $TMHC Shares Purchased by Livforsakringsbolaget Skandia Omsesidigt

Key Points

• Livforsakringsbolaget Skandia Omsesidigt increased its stake in Taylor Morrison Home Corporation by 35%, purchasing an additional 14,000 shares this quarter, bringing its total ownership to 54,000 shares valued at approximately $3.32 million.
• Insider activity is notable, with CFO Curtis Vanhyfte and Director Anne L. Mariucci selling shares, indicating a 30.21% and 22.51% reduction in their holdings, respectively.
• Taylor Morrison Home reported better-than-expected earnings, with an EPS of $2.02 for the last quarter, exceeding analyst estimates and marking a 2.0% increase in quarterly revenue year-over-year.

Livforsakringsbolaget Skandia Omsesidigt boosted its position in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 35.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,000 shares of the construction company's stock after acquiring an additional 14,000 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt owned 0.05% of Taylor Morrison Home worth $3,317,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Covestor Ltd lifted its stake in shares of Taylor Morrison Home by 14.9% during the first quarter. Covestor Ltd now owns 1,292 shares of the construction company's stock worth $78,000 after purchasing an additional 168 shares in the last quarter. Cornerstone Select Advisors LLC lifted its stake in shares of Taylor Morrison Home by 0.7% during the first quarter. Cornerstone Select Advisors LLC now owns 24,190 shares of the construction company's stock worth $1,452,000 after purchasing an additional 175 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Taylor Morrison Home by 6.1% during the first quarter. Nisa Investment Advisors LLC now owns 3,449 shares of the construction company's stock worth $207,000 after purchasing an additional 197 shares in the last quarter. Avantax Advisory Services Inc. increased its position in shares of Taylor Morrison Home by 3.5% during the first quarter. Avantax Advisory Services Inc. now owns 5,891 shares of the construction company's stock worth $354,000 after acquiring an additional 201 shares during the last quarter. Finally, Parallel Advisors LLC increased its position in shares of Taylor Morrison Home by 29.9% during the second quarter. Parallel Advisors LLC now owns 882 shares of the construction company's stock worth $54,000 after acquiring an additional 203 shares during the last quarter. Institutional investors and hedge funds own 95.16% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Seaport Res Ptn raised Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 23rd. Bank of America lifted their target price on Taylor Morrison Home from $72.00 to $75.00 and gave the stock a "buy" rating in a research report on Thursday, September 18th. Finally, Wall Street Zen lowered Taylor Morrison Home from a "buy" rating to a "hold" rating in a research report on Sunday, June 1st. One analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $77.50.

Taylor Morrison Home Stock Down 0.2%

Taylor Morrison Home stock traded down $0.13 during midday trading on Tuesday, hitting $65.82. The stock had a trading volume of 251,729 shares, compared to its average volume of 1,089,742. 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 stock has a market cap of $6.61 billion, a P/E ratio of 7.59 and a beta of 1.58. Taylor Morrison Home Corporation has a 12 month low of $51.90 and a 12 month high of $75.49. The business has a fifty day moving average price of $66.11 and a 200 day moving average price of $61.48.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The construction company reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.08. The firm had revenue of $2.03 billion during the quarter, compared to analyst estimates of $1.93 billion. Taylor Morrison Home had a return on equity of 16.22% and a net margin of 10.72%.Taylor Morrison Home's quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.86 earnings per share. Research analysts predict that Taylor Morrison Home Corporation will post 8.93 EPS for the current year.

Insider Activity

In other news, CFO Curtis Vanhyfte sold 9,754 shares of the company's 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 directly owned 14,163 shares of the company's stock, valued at approximately $923,710.86. This represents a 40.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction, the chief executive officer directly 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. Over the last ninety days, insiders sold 67,351 shares of company stock valued at $4,700,630. 1.40% of the stock is currently owned by insiders.

About Taylor Morrison Home

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.