Perbak Capital Partners LLP Invests $341,000 in Taylor Morrison Home Corporation $TMHC

Key Points

• Perbak Capital Partners LLP has acquired a new position in Taylor Morrison Home Corporation by purchasing 5,679 shares, valued at approximately $341,000.
• Insider trades revealed that CFO Curtis Vanhyfte and CEO Sheryl Palmer sold significant amounts of stock, indicating a decrease in their positions by 30.21% and 6.11% respectively.
• Analyst ratings for Taylor Morrison Home show a mix, with a recent upgrade to a "strong-buy" by Seaport Res Ptn, while Wall Street Zen downgraded from "buy" to "hold", resulting in an average rating of "buy" across multiple analysts.

Perbak Capital Partners LLP acquired a new stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,679 shares of the construction company's stock, valued at approximately $341,000.

Several other institutional investors have also added to or reduced their stakes in the business. Covestor Ltd lifted its holdings in Taylor Morrison Home by 14.9% during the first quarter. Covestor Ltd now owns 1,292 shares of the construction company's stock valued at $78,000 after purchasing an additional 168 shares during the last quarter. Cornerstone Select Advisors LLC grew its stake in 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 valued at $1,452,000 after acquiring an additional 175 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in 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 valued at $207,000 after acquiring an additional 197 shares in the last quarter. Avantax Advisory Services Inc. grew its stake in 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 valued at $354,000 after acquiring an additional 201 shares in the last quarter. Finally, Xponance Inc. grew its stake in Taylor Morrison Home by 1.4% during the first quarter. Xponance Inc. now owns 15,631 shares of the construction company's stock valued at $938,000 after acquiring an additional 220 shares in the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.

Taylor Morrison Home Price Performance

Shares of TMHC stock traded up $1.66 during trading on Friday, hitting $71.76. The company had a trading volume of 1,368,165 shares, compared to its average volume of 1,102,806. 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 moving average is $64.97 and its two-hundred day moving average is $60.89. The stock has a market capitalization of $7.20 billion, a price-to-earnings ratio of 8.29 and a beta of 1.58. Taylor Morrison Home Corporation has a 52 week low of $51.90 and a 52 week high of $75.49.

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 for the quarter, topping the consensus estimate 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 period in the prior year, the business earned $1.86 earnings per share. Taylor Morrison Home's revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, analysts predict that Taylor Morrison Home Corporation will post 8.93 EPS for the current fiscal year.

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 shares were sold at an average price of $65.22, for a total transaction of $636,155.88. Following the transaction, the chief financial officer directly owned 14,163 shares in the company, valued at $923,710.86. This trade 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 at this hyperlink. Also, CEO Sheryl Palmer sold 25,000 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $70.20, for a total transaction of $1,755,000.00. Following the completion of the transaction, the chief executive officer owned 383,988 shares in the company, valued at $26,955,957.60. This represents a 6.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 39,836 shares of company stock worth $2,746,743 over the last quarter. Company insiders own 1.40% of the company's stock.

Analysts Set New Price Targets

TMHC has been the subject of several recent analyst reports. Wall Street Zen cut shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note on Sunday, June 1st. Seaport Res Ptn raised shares of Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. According to MarketBeat, Taylor Morrison Home currently has a consensus rating of "Buy" and an average price target 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.