Ruffer LLP Purchases 30,451 Shares of Taylor Morrison Home Corporation $TMHC

Key Points

• Ruffer LLP has increased its stake in Taylor Morrison Home Corporation by 42.8%, acquiring 30,451 additional shares to bring its total holdings to 101,520 shares, valued at approximately $6.2 million.
• In recent analyst ratings, Wall Street analysts have mixed views on the stock, with one firm upgrading it to "strong-buy" while another downgraded to "hold," demonstrating varied market sentiment.
• Insider trading has been noted, with CEO Sheryl Palmer and CFO Curtis Vanhyfte selling shares, suggesting potential changes in executive confidence or investment strategy within the company.

Ruffer LLP increased its position in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 42.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 101,520 shares of the construction company's stock after acquiring an additional 30,451 shares during the period. Ruffer LLP owned about 0.10% of Taylor Morrison Home worth $6,235,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of TMHC. Nuveen LLC bought a new stake in Taylor Morrison Home during the first quarter valued at about $51,329,000. Long Pond Capital LP bought a new stake in Taylor Morrison Home during the first quarter valued at about $40,345,000. Junto Capital Management LP bought a new stake in Taylor Morrison Home during the first quarter valued at about $34,007,000. Victory Capital Management Inc. grew its holdings in Taylor Morrison Home by 197.2% during the first quarter. Victory Capital Management Inc. now owns 793,987 shares of the construction company's stock valued at $47,671,000 after purchasing an additional 526,819 shares during the period. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Taylor Morrison Home by 80.2% in the first quarter. Assenagon Asset Management S.A. now owns 912,064 shares of the construction company's stock worth $54,760,000 after acquiring an additional 405,875 shares during the period. Institutional investors own 95.16% of the company's stock.

Wall Street Analysts Forecast Growth

TMHC has been the subject of a number of recent analyst reports. Wall Street Zen lowered Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note on Sunday, June 1st. Seaport Res Ptn raised Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 23rd. Finally, Bank of America boosted their target price on Taylor Morrison Home from $72.00 to $75.00 and gave the stock a "buy" rating in a research report on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $77.50.

Insider Buying and Selling at Taylor Morrison Home

In other Taylor Morrison Home news, CEO Sheryl Palmer sold 13,513 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $72.06, for a total transaction of $973,746.78. Following the sale, the chief executive officer owned 370,475 shares of the company's stock, valued at approximately $26,696,428.50. This trade represents a 3.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $355,587.54. Following the sale, the chief financial officer owned 11,742 shares of the company's stock, valued at approximately $821,587.74. This represents a 30.21% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 67,351 shares of company stock valued at $4,700,630. 1.40% of the stock is currently owned by corporate insiders.

Taylor Morrison Home Trading Up 0.7%

Shares of NYSE TMHC opened at $66.41 on Thursday. Taylor Morrison Home Corporation has a fifty-two week low of $51.90 and a fifty-two week high of $75.49. The company has a market cap of $6.67 billion, a price-to-earnings ratio of 7.67 and a beta of 1.58. The business's 50 day moving average price is $66.25 and its 200-day moving average price is $61.54. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.74 and a current ratio of 6.54.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The construction company reported $2.02 earnings per share (EPS) 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 company had revenue of $2.03 billion for the quarter, compared to analysts' expectations of $1.93 billion. During the same quarter in the prior year, the firm earned $1.86 earnings per share. Taylor Morrison Home's revenue was up 2.0% compared to the same quarter last year. On average, sell-side analysts expect that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current 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.

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