Natixis Advisors LLC Raises Position in Taylor Morrison Home Corporation (NYSE:TMHC)

Key Points

• Natixis Advisors LLC has increased its holdings in Taylor Morrison Home Corporation by 35.4%, owning a total of 27,035 shares valued at approximately $1.62 million.
• Other institutional investors have also significantly raised their stakes, with XTX Topco Ltd growing its position by 307.2% during the same quarter.
• Taylor Morrison Home Corporation reported a 2% increase in quarterly revenue year-over-year and earnings per share of $2.02, exceeding analysts' expectations.

Natixis Advisors LLC grew its holdings in shares of Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 35.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,035 shares of the construction company's stock after purchasing an additional 7,074 shares during the quarter. Natixis Advisors LLC's holdings in Taylor Morrison Home were worth $1,623,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Northern Trust Corp increased its stake in Taylor Morrison Home by 13.4% in the fourth 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 lifted its holdings in 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 valued at $58,332,000 after acquiring an additional 14,590 shares during the period. Assenagon Asset Management S.A. lifted its holdings in 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 valued at $54,760,000 after acquiring an additional 405,875 shares during the period. Victory Capital Management Inc. lifted its holdings in Taylor Morrison Home by 197.2% in the first 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 during the period. Finally, Assetmark Inc. lifted its holdings in Taylor Morrison Home by 2.9% in the first quarter. Assetmark Inc. now owns 783,185 shares of the construction company's stock valued at $47,022,000 after acquiring an additional 22,265 shares during the period. Institutional investors and hedge funds own 95.16% of the company's stock.

Insiders Place Their Bets

In related news, CFO Curtis Vanhyfte sold 9,754 shares of the firm's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $65.22, for a total value of $636,155.88. Following the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.40% of the company's stock.

Taylor Morrison Home Trading Up 4.6%

NYSE TMHC traded up $3.06 on Wednesday, reaching $69.15. The company had a trading volume of 528,471 shares, compared to its average volume of 1,066,077. The firm has a market cap of $6.94 billion, a price-to-earnings ratio of 7.98 and a beta of 1.53. Taylor Morrison Home Corporation has a fifty-two week low of $51.90 and a fifty-two week high of $75.49. The business has a 50 day moving average of $61.69 and a two-hundred day moving average of $60.40. 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 released 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 company had revenue of $2.03 billion for the quarter, compared to analysts' expectations of $1.93 billion. During the same quarter in the prior year, the firm earned $1.86 EPS. The business's revenue was up 2.0% on a year-over-year basis. Analysts forecast that Taylor Morrison Home Corporation will post 8.93 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on TMHC shares. Barclays set a $69.00 target price on Taylor Morrison Home and gave the company an "overweight" rating in a report on Thursday, April 24th. BTIG Research set a $75.00 price target on Taylor Morrison Home and gave the company a "buy" rating in a research report on Wednesday, April 16th. Seaport Res Ptn upgraded Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 23rd. Bank of America assumed coverage on Taylor Morrison Home in a research note on Monday, May 5th. They issued a "buy" rating and a $70.00 price objective on the stock. Finally, Wedbush reaffirmed an "outperform" rating and issued a $85.00 price objective on shares of Taylor Morrison Home in a research note on Wednesday, April 23rd. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $76.88.

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.