Russell Investments Group Ltd. Acquires 17,536 Shares of Taylor Morrison Home Corporation $TMHC

Key Points

• Russell Investments Group Ltd. increased its stake in Taylor Morrison Home Corporation by 11.6% in Q1, acquiring an additional 17,536 shares to reach a total of 168,678 shares worth approximately $10.1 million.
• Several institutional investors, including Northern Trust Corp and Victory Capital Management Inc., also increased their holdings in Taylor Morrison, demonstrating strong interest in the company's stock, which is over 95% owned by institutional investors.
• Analysts have set varying price targets for the stock, with Barclays recommending an "overweight" rating and a $69 price target, while the consensus target price stands at $76.88.

Russell Investments Group Ltd. boosted its holdings in shares of Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 11.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 168,678 shares of the construction company's stock after buying an additional 17,536 shares during the period. Russell Investments Group Ltd. owned approximately 0.17% of Taylor Morrison Home worth $10,128,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in 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 during the period. KBC Group NV boosted its stake in Taylor Morrison Home by 16.7% during the first quarter. KBC Group NV now owns 4,987 shares of the construction company's stock valued at $299,000 after buying an additional 714 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its stake in Taylor Morrison Home by 10.8% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,200 shares of the construction company's stock valued at $552,000 after buying an additional 900 shares during the period. Cerity Partners LLC boosted its stake in Taylor Morrison Home by 15.6% during the first quarter. Cerity Partners LLC now owns 24,507 shares of the construction company's stock valued at $1,471,000 after buying an additional 3,311 shares during the period. Finally, Janney Montgomery Scott LLC boosted its stake in Taylor Morrison Home by 17.5% during the first quarter. Janney Montgomery Scott LLC now owns 8,056 shares of the construction company's stock valued at $484,000 after buying an additional 1,201 shares during the period. Institutional investors own 95.16% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Barclays set a $69.00 price objective on Taylor Morrison Home and gave the company an "overweight" rating in a research note on Thursday, April 24th. Seaport Res Ptn raised Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 23rd. Wall Street Zen lowered Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note on Sunday, June 1st. Wedbush reaffirmed an "outperform" rating and set a $85.00 price target on shares of Taylor Morrison Home in a research note on Wednesday, April 23rd. Finally, Bank of America initiated coverage on Taylor Morrison Home in a research note on Monday, May 5th. They set a "buy" rating and a $70.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $76.88.

Insider Buying and Selling at Taylor Morrison Home

In other news, CFO Curtis Vanhyfte sold 9,754 shares of Taylor Morrison Home stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $65.22, for a total value of $636,155.88. Following the sale, the chief financial officer directly owned 14,163 shares in the company, valued at approximately $923,710.86. This trade represents a 40.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.40% of the company's stock.

Taylor Morrison Home Trading Down 1.4%

Shares of TMHC traded down $0.9410 during trading hours on Thursday, hitting $65.7490. The company had a trading volume of 1,549,556 shares, compared to its average volume of 1,205,048. The firm has a market cap of $6.60 billion, a P/E ratio of 7.59 and a beta of 1.53. The stock's 50 day moving average price is $63.00 and its 200 day moving average price is $60.55. 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 Corporation has a 52-week low of $51.90 and a 52-week high of $75.49.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The construction company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.94 by $0.08. The firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.93 billion. Taylor Morrison Home had a return on equity of 16.22% and a net margin of 10.72%.The company's quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.86 earnings per share. On average, research analysts predict 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.