Taylor Morrison Home Corporation $TMHC Shares Sold by Petrus Trust Company LTA

Key Points

• Petrus Trust Company LTA reduced its stake in Taylor Morrison Home Corporation by 20.9% during the first quarter, now holding 18,266 shares worth approximately $1,097,000.
• Insider transactions included CEO Sheryl Palmer selling 25,000 shares valued at $1,755,000 and CFO Curtis Vanhyfte selling 9,754 shares for $636,155.88 in August.
• Analysts have mixed ratings on Taylor Morrison Home, with one downgrade to "hold" and a consensus target price of $76.88 following a solid earnings report.

Petrus Trust Company LTA trimmed its position in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 20.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,266 shares of the construction company's stock after selling 4,837 shares during the period. Taylor Morrison Home comprises about 0.1% of Petrus Trust Company LTA's investment portfolio, making the stock its 29th largest position. Petrus Trust Company LTA's holdings in Taylor Morrison Home were worth $1,097,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Ameriprise Financial Inc. boosted its holdings in shares of Taylor Morrison Home by 3.6% during the fourth quarter. Ameriprise Financial Inc. now owns 641,170 shares of the construction company's stock worth $39,247,000 after purchasing an additional 22,421 shares during the last quarter. Centiva Capital LP grew its holdings in Taylor Morrison Home by 79.4% in the fourth quarter. Centiva Capital LP now owns 5,273 shares of the construction company's stock valued at $323,000 after purchasing an additional 2,334 shares during the period. Cetera Investment Advisers raised its stake in Taylor Morrison Home by 9.9% during the fourth quarter. Cetera Investment Advisers now owns 30,198 shares of the construction company's stock worth $1,848,000 after purchasing an additional 2,711 shares during the period. Deutsche Bank AG grew its stake in shares of Taylor Morrison Home by 25.1% during the 4th quarter. Deutsche Bank AG now owns 180,023 shares of the construction company's stock valued at $11,019,000 after buying an additional 36,142 shares during the period. Finally, D. E. Shaw & Co. Inc. raised its position in shares of Taylor Morrison Home by 1,125.6% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 93,560 shares of the construction company's stock worth $5,727,000 after buying an additional 85,926 shares during the period. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Taylor Morrison Home Stock Down 0.4%

Shares of TMHC traded down $0.31 during trading on Wednesday, reaching $69.69. The company's stock had a trading volume of 734,038 shares, compared to its average volume of 1,080,070. The company has a market cap of $6.99 billion, a price-to-earnings ratio of 8.05 and a beta of 1.58. 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 company has a fifty day moving average of $65.29 and a two-hundred day moving average of $61.03. 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 (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $1.93 billion. During the same quarter in the prior year, the business posted $1.86 EPS. The company's revenue for the quarter was up 2.0% on a year-over-year basis. On average, sell-side analysts predict that Taylor Morrison Home Corporation will post 8.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TMHC has been the subject of a number of research reports. Wall Street Zen cut Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Sunday, June 1st. Seaport Res Ptn upgraded shares of Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $76.88.

Insider Buying and Selling at Taylor Morrison Home

In other Taylor Morrison Home news, CFO Curtis Vanhyfte sold 5,082 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $69.97, for a total transaction of $355,587.54. Following the sale, the chief financial officer directly owned 11,742 shares of the company's stock, valued at approximately $821,587.74. This represents a 30.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sheryl Palmer sold 13,513 shares of the firm's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $72.06, for a total transaction of $973,746.78. Following the completion of the transaction, the chief executive officer directly owned 370,475 shares in the company, valued at $26,696,428.50. This represents a 3.52% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 53,349 shares of company stock valued at $3,720,490. 1.40% of the stock is owned by insiders.

Taylor Morrison Home Company 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.