Sequoia Financial Advisors LLC Buys New Position in Taylor Morrison Home Corporation $TMHC

Key Points

• Sequoia Financial Advisors LLC established a new position in Taylor Morrison Home Corporation, purchasing 7,272 shares valued at approximately $447,000.
• Insider transactions included CEO Sheryl Palmer selling 25,000 shares worth $1,755,000, reducing her ownership by 6.11%.
• Analysts have a consensus rating of "Buy" for Taylor Morrison, with a price target averaging $77.13, following positive earnings results that exceeded expectations.

Sequoia Financial Advisors LLC bought a new stake in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 7,272 shares of the construction company's stock, valued at approximately $447,000.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC boosted its position 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 valued at $40,000 after purchasing an additional 444 shares during the period. Farther Finance Advisors LLC boosted its position 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 valued at $48,000 after purchasing an additional 262 shares during the period. Parallel Advisors LLC boosted its position in shares of Taylor Morrison Home by 29.9% in the 2nd quarter. Parallel Advisors LLC now owns 882 shares of the construction company's stock valued at $54,000 after purchasing an additional 203 shares during the period. IFP Advisors Inc acquired a new stake in shares of Taylor Morrison Home in the 2nd quarter valued at about $65,000. Finally, Quarry LP boosted its position in shares of Taylor Morrison Home by 62.8% in the 1st quarter. Quarry LP now owns 1,146 shares of the construction company's stock valued at $69,000 after purchasing an additional 442 shares during the period. 95.16% of the stock is owned by institutional investors and hedge funds.

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 transaction 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 this hyperlink. Also, CFO Curtis Vanhyfte sold 9,754 shares of the 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 transaction, the chief financial officer directly owned 14,163 shares of the company's stock, valued at approximately $923,710.86. This trade represents a 40.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 67,351 shares of company stock valued at $4,700,630. Corporate insiders own 1.40% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Taylor Morrison Home in a research report on Wednesday, October 8th. Bank of America decreased their price objective on Taylor Morrison Home from $75.00 to $72.00 and set a "buy" rating for the company in a research report on Friday, October 10th. Finally, Seaport Res Ptn raised Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $77.13.

Taylor Morrison Home Stock Performance

Shares of TMHC stock opened at $62.12 on Tuesday. The company has a market cap of $6.23 billion, a price-to-earnings ratio of 7.17 and a beta of 1.61. The stock has a 50 day simple moving average of $66.75 and a 200-day simple moving average of $62.08. Taylor Morrison Home Corporation has a 12-month low of $51.90 and a 12-month high of $75.49. 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 (NYSE:TMHC - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The construction company reported $2.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.94 by $0.08. The business had revenue of $2.03 billion during 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 revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.86 EPS. On average, equities analysts forecast that Taylor Morrison Home Corporation will post 8.93 EPS for the current year.

Taylor Morrison Home Company 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.

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