Royal Bank of Canada Has $16.01 Million Stake in Taylor Morrison Home Corporation $TMHC

Key Points

• Royal Bank of Canada has reduced its stake in Taylor Morrison Home Corporation by 6.2%, owning approximately 266,624 shares valued at $16.01 million as of the latest SEC filing.
• CEO Sheryl Palmer sold 13,513 shares of Taylor Morrison's stock, decreasing her ownership by 3.52%, while CFO Curtis Vanhyfte sold 5,082 shares, reducing his stake by 30.21%.
• Taylor Morrison Home has a robust financial profile, reporting earnings of $2.02 per share in its latest quarter, surpassing analyst expectations and reflecting a 2.0% revenue increase year-over-year.

Royal Bank of Canada lowered its position in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 6.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 266,624 shares of the construction company's stock after selling 17,670 shares during the quarter. Royal Bank of Canada owned approximately 0.27% of Taylor Morrison Home worth $16,009,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its holdings in shares of Taylor Morrison Home by 3.6% in the fourth quarter. Ameriprise Financial Inc. now owns 641,170 shares of the construction company's stock valued at $39,247,000 after purchasing an additional 22,421 shares during the period. Cetera Investment Advisers increased its holdings in shares of Taylor Morrison Home by 9.9% in the fourth quarter. Cetera Investment Advisers now owns 30,198 shares of the construction company's stock valued at $1,848,000 after purchasing an additional 2,711 shares during the period. Deutsche Bank AG increased its holdings in shares of Taylor Morrison Home by 25.1% in the fourth quarter. Deutsche Bank AG now owns 180,023 shares of the construction company's stock valued at $11,019,000 after purchasing an additional 36,142 shares during the period. D. E. Shaw & Co. Inc. grew its holdings in Taylor Morrison Home by 1,125.6% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 93,560 shares of the construction company's stock worth $5,727,000 after acquiring an additional 85,926 shares during the period. Finally, Ethic Inc. grew its holdings in Taylor Morrison Home by 20.6% during the fourth quarter. Ethic Inc. now owns 28,262 shares of the construction company's stock worth $1,730,000 after acquiring an additional 4,832 shares during the period. Hedge funds and other institutional investors own 95.16% of the company's stock.

Analyst Upgrades and Downgrades

TMHC has been the topic of a number of recent analyst reports. Wall Street Zen lowered Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Sunday, June 1st. Seaport Res Ptn raised Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $76.88.

Taylor Morrison Home Stock Down 1.4%

Shares of NYSE:TMHC traded down $0.99 on Monday, reaching $68.66. The company had a trading volume of 1,660,067 shares, compared to its average volume of 1,081,764. Taylor Morrison Home Corporation has a twelve month low of $51.90 and a twelve month high of $75.49. The stock has a 50-day moving average price of $65.79 and a 200 day moving average price of $61.24. The stock has a market capitalization of $6.89 billion, a P/E ratio of 7.93 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.

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 return on equity of 16.22% and a net margin of 10.72%.The business had revenue of $2.03 billion during the quarter, compared to analysts' expectations of $1.93 billion. During the same quarter in the previous year, the firm earned $1.86 EPS. The firm's revenue was up 2.0% compared to the same quarter last year. On average, equities analysts expect that Taylor Morrison Home Corporation will post 8.93 EPS for the current year.

Insider Transactions at Taylor Morrison Home

In other news, CEO Sheryl Palmer sold 25,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer directly owned 383,988 shares of the company's stock, valued at approximately $26,955,957.60. This represents a 6.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Anne L. Mariucci sold 14,002 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $70.00, for a total value of $980,140.00. Following the sale, the director owned 48,191 shares in the company, valued at approximately $3,373,370. This trade represents a 22.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 67,351 shares of company stock valued at $4,700,630. Corporate insiders own 1.40% of the company's stock.

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.