Fox Run Management L.L.C. Has $646,000 Holdings in Taylor Morrison Home Corporation $TMHC

Key Points

• Fox Run Management L.L.C. has reduced its stake in Taylor Morrison Home Corporation (TMHC) by 33.7%, holding now 10,753 shares worth approximately $646,000.
• Recent analyst reports indicate a generally positive outlook for TMHC, with several upgrades and a consensus price target of $76.88.
• Insider transactions included CFO Curtis Vanhyfte selling 9,754 shares at an average price of $65.22, decreasing their position by 40.78%.

Fox Run Management L.L.C. decreased its holdings in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 33.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,753 shares of the construction company's stock after selling 5,457 shares during the quarter. Fox Run Management L.L.C.'s holdings in Taylor Morrison Home were worth $646,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC grew 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 buying an additional 444 shares during the last quarter. KBC Group NV lifted its stake in shares of Taylor Morrison Home by 16.7% in the first quarter. KBC Group NV now owns 4,987 shares of the construction company's stock worth $299,000 after acquiring an additional 714 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Taylor Morrison Home by 10.8% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,200 shares of the construction company's stock valued at $552,000 after acquiring an additional 900 shares during the last quarter. Cerity Partners LLC increased its position in Taylor Morrison Home by 15.6% during the 1st quarter. Cerity Partners LLC now owns 24,507 shares of the construction company's stock valued at $1,471,000 after purchasing an additional 3,311 shares during the period. Finally, Janney Montgomery Scott LLC increased its position in Taylor Morrison Home by 17.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 8,056 shares of the construction company's stock valued at $484,000 after purchasing an additional 1,201 shares during the period. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Taylor Morrison Home Stock Down 3.1%

Shares of NYSE TMHC traded down $2.1420 during trading on Wednesday, hitting $66.6480. 1,397,579 shares of the company traded hands, compared to its average volume of 1,077,870. The firm has a market capitalization of $6.69 billion, a price-to-earnings ratio of 7.70 and a beta of 1.53. The business's fifty day moving average is $62.71 and its 200 day moving average is $60.49. 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 Corporation has a fifty-two week low of $51.90 and a fifty-two week high of $75.49.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The construction company reported $2.02 EPS for the quarter, beating analysts' consensus estimates 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 analyst estimates of $1.93 billion. During the same period in the previous year, the company posted $1.86 EPS. The firm's revenue was up 2.0% compared to the same quarter last year. Equities research analysts predict that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current fiscal year.

Insider Activity at Taylor Morrison Home

In other news, CFO Curtis Vanhyfte sold 9,754 shares of the business's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $65.22, for a total transaction of $636,155.88. Following the completion of the sale, the chief financial officer owned 14,163 shares in the company, valued at $923,710.86. The trade was a 40.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

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.