Measured Wealth Private Client Group LLC Has $213,000 Stock Holdings in Taylor Morrison Home Corporation (NYSE:TMHC)

Key Points

• Measured Wealth Private Client Group LLC reduced its holdings in Taylor Morrison Home Corporation by 62% during the first quarter, now owning shares worth $213,000.
• Analysts are optimistic about Taylor Morrison Home, with a consensus rating of "Buy" and a target price of approximately $76.88.
• CFO Curtis Vanhyfte sold 9,754 shares at an average price of $65.22, decreasing his position by nearly 41%.

Measured Wealth Private Client Group LLC cut its holdings in shares of Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 62.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,545 shares of the construction company's stock after selling 5,788 shares during the period. Measured Wealth Private Client Group LLC's holdings in Taylor Morrison Home were worth $213,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in TMHC. Victory Capital Management Inc. increased its stake in shares of Taylor Morrison Home by 197.2% in the 1st 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 in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Taylor Morrison Home by 80.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 912,064 shares of the construction company's stock valued at $54,760,000 after acquiring an additional 405,875 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Taylor Morrison Home in the 4th quarter valued at $14,736,000. Point72 Asset Management L.P. bought a new stake in shares of Taylor Morrison Home in the 4th quarter valued at $13,332,000. Finally, Northern Trust Corp increased 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 in the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on TMHC shares. Wedbush restated an "outperform" rating and set a $85.00 price target on shares of Taylor Morrison Home in a research note on Wednesday, April 23rd. Seaport Res Ptn upgraded shares of Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 23rd. Bank of America started coverage on shares of Taylor Morrison Home in a research note on Monday, May 5th. They set a "buy" rating and a $70.00 price target for the company. Barclays set a $69.00 price target on shares of Taylor Morrison Home and gave the company an "overweight" rating in a research note on Thursday, April 24th. Finally, BTIG Research set a $75.00 price target on shares of Taylor Morrison Home and gave the company a "buy" rating in a research note on Wednesday, April 16th. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong 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.

Insider Buying and Selling

In related news, CFO Curtis Vanhyfte sold 9,754 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $65.22, for a total value 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 trade represents a 40.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.40% of the company's stock.

Taylor Morrison Home Stock Performance

NYSE TMHC opened at $64.88 on Friday. Taylor Morrison Home Corporation has a 52-week low of $51.90 and a 52-week high of $75.49. The company has a 50-day simple moving average of $61.33 and a 200 day simple moving average of $60.41. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.74 and a current ratio of 6.54. The company has a market capitalization of $6.51 billion, a PE ratio of 7.49 and a beta of 1.53.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last posted its quarterly earnings data 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. Taylor Morrison Home had a net margin of 10.72% and a return on equity of 16.22%. The business had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter last year, the company posted $1.86 earnings per share. The firm's quarterly revenue was up 2.0% compared to the same quarter last year. On average, research analysts predict that Taylor Morrison Home Corporation will post 8.93 EPS for the current year.

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.

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