Raymond James Financial Inc. Has $4.39 Million Holdings in Taylor Morrison Home Corporation $TMHC

Key Points

• Raymond James Financial Inc. reduced its stake in Taylor Morrison Home Corporation by 11% during the first quarter, selling 9,053 shares and owning approximately 0.07% of the company valued at $4.39 million.
• Taylor Morrison Home's stock saw a 2.4% increase recently, trading around $71.76, with a twelve-month high of $75.49 and a low of $51.90.
• Several analysts have recently rated the stock, with one upgrading it to a strong-buy, and the general consensus rating standing at "Buy" with a price target of $76.88.

Raymond James Financial Inc. trimmed its stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 11.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 73,140 shares of the construction company's stock after selling 9,053 shares during the period. Raymond James Financial Inc. owned about 0.07% of Taylor Morrison Home worth $4,391,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of TMHC. Morse Asset Management Inc purchased a new stake in shares of Taylor Morrison Home during the fourth quarter valued at $29,000. GAMMA Investing LLC grew its holdings in shares of Taylor Morrison Home by 193.0% during the first quarter. GAMMA Investing LLC now owns 674 shares of the construction company's stock valued at $40,000 after buying an additional 444 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Taylor Morrison Home by 49.5% during the first quarter. Farther Finance Advisors LLC now owns 791 shares of the construction company's stock valued at $48,000 after buying an additional 262 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of Taylor Morrison Home by 50.2% during the first quarter. Harbor Capital Advisors Inc. now owns 844 shares of the construction company's stock valued at $51,000 after buying an additional 282 shares in the last quarter. Finally, Fifth Third Bancorp grew its holdings in shares of Taylor Morrison Home by 27.8% during the first quarter. Fifth Third Bancorp now owns 1,034 shares of the construction company's stock valued at $62,000 after buying an additional 225 shares in the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Taylor Morrison Home

In other Taylor Morrison Home news, CEO Sheryl Palmer sold 25,000 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $70.20, for a total value of $1,755,000.00. Following the transaction, the chief executive officer owned 383,988 shares in the company, valued at $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 available through the SEC website. Also, CFO Curtis Vanhyfte sold 9,754 shares of the business's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $65.22, for a total value of $636,155.88. Following the completion of the sale, the chief financial officer directly owned 14,163 shares of the company's stock, valued at $923,710.86. This represents a 40.78% decrease in their position. The disclosure for this sale can be found here. Insiders sold 53,349 shares of company stock worth $3,720,490 in the last 90 days. Corporate insiders own 1.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Seaport Res Ptn upgraded Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 23rd. Wall Street Zen downgraded Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Sunday, June 1st. One research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. According to data from MarketBeat, Taylor Morrison Home presently has an average rating of "Buy" and an average target price of $76.88.

Taylor Morrison Home Stock Up 2.1%

NYSE TMHC traded up $1.49 on Thursday, reaching $71.18. The stock had a trading volume of 956,041 shares, compared to its average volume of 1,062,048. The business has a 50 day moving average price of $65.54 and a 200 day moving average price of $61.16. 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 Corporation has a 1 year low of $51.90 and a 1 year high of $75.49. The company has a market capitalization of $7.14 billion, a price-to-earnings ratio of 8.22 and a beta of 1.58.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The construction company reported $2.02 EPS for the quarter, beating analysts' consensus estimates of $1.94 by $0.08. Taylor Morrison Home had a return on equity of 16.22% and a net margin of 10.72%.The firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the previous year, the company posted $1.86 earnings per share. The business's quarterly revenue was up 2.0% compared to the same quarter last year. On average, analysts forecast that Taylor Morrison Home Corporation will post 8.93 EPS for the current fiscal year.

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.