PharVision Advisers LLC Takes $216,000 Position in Taylor Morrison Home Corporation $TMHC

Key Points

• PharVision Advisers LLC has acquired a new stake in Taylor Morrison Home Corporation, purchasing 3,601 shares valued at approximately $216,000.
• The company's latest earnings report showed a profit of $2.02 per share, exceeding analysts' expectations of $1.94, and revenue of $2.03 billion compared to an anticipated $1.93 billion.
• Insider trading activity includes CEO Sheryl Palmer selling 25,000 shares for over $1.75 million, reducing her ownership in the company.

PharVision Advisers LLC bought a new stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,601 shares of the construction company's stock, valued at approximately $216,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Covestor Ltd lifted its position 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 acquiring an additional 168 shares during the last quarter. Cornerstone Select Advisors LLC lifted its position 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 during the last quarter. Nisa Investment Advisors LLC lifted its position 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 during the last quarter. Avantax Advisory Services Inc. lifted its position 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 during the last quarter. Finally, Xponance Inc. lifted its position 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 during the last quarter. Hedge funds and other institutional investors own 95.16% of the company's stock.

Taylor Morrison Home Trading Up 2.4%

NYSE TMHC opened at $71.76 on Friday. The company has a fifty day simple moving average of $64.97 and a two-hundred day simple moving average of $60.90. The stock has a market cap of $7.20 billion, a P/E ratio of 8.29 and a beta of 1.58. Taylor Morrison Home Corporation has a 12-month low of $51.90 and a 12-month high of $75.49. The company has a current ratio of 6.54, a quick ratio of 0.74 and a debt-to-equity ratio of 0.35.

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

Insider Buying and Selling at Taylor Morrison Home

In related news, CEO Sheryl Palmer sold 25,000 shares of the firm's stock in a transaction on Friday, August 22nd. The shares were 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 of the company's stock, valued at $26,955,957.60. This trade represents a 6.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Curtis Vanhyfte sold 9,754 shares of the firm's stock in a transaction on Wednesday, August 6th. The stock was 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 of the company's stock, valued at approximately $923,710.86. This trade represents a 40.78% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,836 shares of company stock valued at $2,746,743. 1.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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