LPL Financial LLC Sells 32,231 Shares of Taylor Morrison Home Corporation $TMHC

Key Points

• LPL Financial LLC significantly reduced its stake in Taylor Morrison Home Corporation by 56.4%, selling 32,231 shares and now holding 24,942 shares worth approximately $1.5 million.
• Other institutional investors have increased their positions in Taylor Morrison Home, with Inspire Advisors LLC upping their stake by 88.2%, now owning 12,725 shares valued at $764,000.
• Taylor Morrison Home reported a $2.02 earnings per share (EPS) for the latest quarter, exceeding estimates and indicating a 2% revenue increase year-over-year, with projections of an 8.93 EPS for the current fiscal year.

LPL Financial LLC lowered its stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 56.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,942 shares of the construction company's stock after selling 32,231 shares during the quarter. LPL Financial LLC's holdings in Taylor Morrison Home were worth $1,498,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Inspire Advisors LLC lifted its position in shares of Taylor Morrison Home by 88.2% during the 1st quarter. Inspire Advisors LLC now owns 12,725 shares of the construction company's stock valued at $764,000 after buying an additional 5,963 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Taylor Morrison Home by 10.8% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,976 shares of the construction company's stock valued at $2,040,000 after buying an additional 3,304 shares during the last quarter. Assetmark Inc. lifted its position in shares of Taylor Morrison Home by 2.9% during the 1st quarter. Assetmark Inc. now owns 783,185 shares of the construction company's stock valued at $47,022,000 after buying an additional 22,265 shares during the last quarter. Avantax Advisory Services Inc. lifted its position in shares of Taylor Morrison Home by 3.5% during the 1st quarter. Avantax Advisory Services Inc. now owns 5,891 shares of the construction company's stock valued at $354,000 after buying an additional 201 shares during the last quarter. Finally, Royce & Associates LP lifted its position in shares of Taylor Morrison Home by 23.4% during the 1st quarter. Royce & Associates LP now owns 201,383 shares of the construction company's stock valued at $12,091,000 after buying an additional 38,190 shares during the last quarter. Hedge funds and other institutional investors own 95.16% of the company's stock.

Insiders Place Their Bets

In other Taylor Morrison Home news, CFO Curtis Vanhyfte sold 9,754 shares of Taylor Morrison Home stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $65.22, for a total value of $636,155.88. Following the completion of the sale, the chief financial officer owned 14,163 shares of the company's stock, valued at approximately $923,710.86. This trade represents a 40.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.40% of the stock is currently owned by company insiders.

Taylor Morrison Home Price Performance

Shares of NYSE TMHC opened at $65.7490 on Friday. The firm has a market capitalization of $6.60 billion, a P/E ratio of 7.59 and a beta of 1.53. The company has a quick ratio of 0.74, a current ratio of 6.54 and a debt-to-equity ratio of 0.35. The stock's 50-day simple moving average is $63.00 and its two-hundred day simple moving average is $60.55. Taylor Morrison Home Corporation has a twelve month low of $51.90 and a twelve month high of $75.49.

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 for the quarter, beating 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 analysts' expectations of $1.93 billion. During the same period in the prior year, the business posted $1.86 EPS. Taylor Morrison Home's quarterly revenue was up 2.0% compared to the same quarter last year. As a group, equities analysts anticipate that Taylor Morrison Home Corporation will post 8.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TMHC shares. Barclays set a $69.00 price target on Taylor Morrison Home and gave the company an "overweight" rating in a research report on Thursday, April 24th. Bank of America started coverage on Taylor Morrison Home in a research note on Monday, May 5th. They set a "buy" rating and a $70.00 price objective on the stock. Seaport Res Ptn upgraded Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 23rd. Finally, Wall Street Zen lowered Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note on Sunday, June 1st. One analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $76.88.

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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