Invesco Ltd. Lowers Stock Holdings in Taylor Morrison Home Corporation $TMHC

Key Points

• Invesco Ltd. reduced its stake in Taylor Morrison Home Corporation by 27.1%, selling 385,457 shares, and currently holds 1,039,436 shares valued at approximately $62.4 million.
• The CFO, Curtis Vanhyfte, sold 9,754 shares of the company, reflecting a 40.78% decrease in ownership, while still holding shares worth around $923,710.
• Analysts have a consensus rating of "Buy" for Taylor Morrison Home, with target prices ranging from $69.00 to $85.00 following recent earnings that exceeded expectations.

Invesco Ltd. decreased its position in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 27.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,039,436 shares of the construction company's stock after selling 385,457 shares during the quarter. Invesco Ltd. owned about 1.04% of Taylor Morrison Home worth $62,408,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in TMHC. Covestor Ltd increased its holdings in shares of Taylor Morrison Home by 14.9% during the first quarter. Covestor Ltd now owns 1,292 shares of the construction company's stock worth $78,000 after buying an additional 168 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Taylor Morrison Home by 6.1% during the first quarter. Nisa Investment Advisors LLC now owns 3,449 shares of the construction company's stock valued at $207,000 after purchasing an additional 197 shares in the last quarter. Avantax Advisory Services Inc. grew its holdings in shares of Taylor Morrison Home by 3.5% during the first quarter. Avantax Advisory Services Inc. now owns 5,891 shares of the construction company's stock worth $354,000 after purchasing an additional 201 shares during the last quarter. Xponance Inc. increased its stake in shares of Taylor Morrison Home by 1.4% in the first quarter. Xponance Inc. now owns 15,631 shares of the construction company's stock valued at $938,000 after buying an additional 220 shares during the period. Finally, SummerHaven Investment Management LLC boosted its position in Taylor Morrison Home by 1.6% during the 1st quarter. SummerHaven Investment Management LLC now owns 14,218 shares of the construction company's stock worth $854,000 after buying an additional 223 shares during the period. Institutional investors own 95.16% of the company's stock.

Taylor Morrison Home Stock Performance

Shares of TMHC stock traded down $1.56 during trading on Wednesday, hitting $67.23. The company's stock had a trading volume of 551,917 shares, compared to its average volume of 1,072,031. The business has a fifty day moving average of $62.71 and a 200-day moving average of $60.49. The company has a market cap of $6.75 billion, a PE ratio of 7.76 and a beta of 1.53. Taylor Morrison Home Corporation has a 52 week low of $51.90 and a 52 week 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 announced its quarterly earnings data on Wednesday, July 23rd. The construction company reported $2.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.94 by $0.08. The firm 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 business's revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.86 EPS. As a group, research analysts anticipate that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current year.

Insider Transactions at Taylor Morrison Home

In other Taylor Morrison Home news, CFO Curtis Vanhyfte sold 9,754 shares of the company's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $65.22, for a total transaction of $636,155.88. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.40% of the company's stock.

Analysts Set New Price Targets

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

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.