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

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Morse Asset Management Inc bought a new stake in shares of Taylor Morrison Home in the 4th quarter worth approximately $29,000. GAMMA Investing LLC raised its holdings in shares of Taylor Morrison Home by 193.0% in the 1st quarter. GAMMA Investing LLC now owns 674 shares of the construction company's stock worth $40,000 after purchasing an additional 444 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Taylor Morrison Home by 49.5% in the 1st quarter. Farther Finance Advisors LLC now owns 791 shares of the construction company's stock worth $48,000 after purchasing an additional 262 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Taylor Morrison Home by 50.2% in the 1st quarter. Harbor Capital Advisors Inc. now owns 844 shares of the construction company's stock worth $51,000 after purchasing an additional 282 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of Taylor Morrison Home by 27.8% in the 1st quarter. Fifth Third Bancorp now owns 1,034 shares of the construction company's stock worth $62,000 after purchasing an additional 225 shares in the last quarter. 95.16% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Sheryl Palmer sold 25,000 shares of the business's stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 383,988 shares of the company's stock, valued at approximately $26,955,957.60. The trade was a 6.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Curtis Vanhyfte sold 9,754 shares of the business'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 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. The trade was a 40.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 53,349 shares of company stock worth $3,720,490 over the last ninety days. 1.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TMHC. Wall Street Zen downgraded shares of 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 investment analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $76.88.

Taylor Morrison Home Trading Down 1.6%

Shares of TMHC stock traded down $1.17 during trading hours on Friday, reaching $69.96. 334,622 shares of the stock traded hands, compared to its average volume of 1,074,882. Taylor Morrison Home Corporation has a 1-year low of $51.90 and a 1-year high of $75.49. The business has a fifty day moving average price of $65.54 and a 200 day moving average price of $61.16. 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 firm has a market capitalization of $7.02 billion, a PE ratio of 8.08 and a beta of 1.58.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last released its quarterly 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 previous year, the business earned $1.86 earnings per share. The firm's revenue was up 2.0% compared to the same quarter last year. On average, equities research analysts forecast that Taylor Morrison Home Corporation will post 8.93 EPS for the current year.

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.