Fuller & Thaler Asset Management Inc. Sells 247,233 Shares of Taylor Morrison Home Corporation $TMHC

Key Points

• Fuller & Thaler Asset Management Inc. reduced its stake in Taylor Morrison Home Corporation by 9.2%, now owning roughly 2.42% of the company valued at $145.8 million.
• Insider activity includes CFO Curtis Vanhyfte selling 9,754 shares, indicating a 40.78% decrease in his position, valued at approximately $923,710 post-sale.
• Despite recent changes, Taylor Morrison Home shows strong financial performance with a quarterly revenue of $2.03 billion, exceeding estimates and posting an earnings per share of $2.02.

Fuller & Thaler Asset Management Inc. lowered its stake in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 9.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,428,739 shares of the construction company's stock after selling 247,233 shares during the quarter. Fuller & Thaler Asset Management Inc. owned approximately 2.42% of Taylor Morrison Home worth $145,821,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Quantbot Technologies LP raised its holdings in Taylor Morrison Home by 222.5% during the 1st quarter. Quantbot Technologies LP now owns 115,827 shares of the construction company's stock worth $6,954,000 after buying an additional 79,912 shares during the period. Cornerstone Select Advisors LLC raised its holdings in Taylor Morrison Home by 0.7% during the 1st quarter. Cornerstone Select Advisors LLC now owns 24,190 shares of the construction company's stock worth $1,452,000 after buying an additional 175 shares during the period. Versor Investments LP raised its holdings in Taylor Morrison Home by 73.1% during the 1st quarter. Versor Investments LP now owns 11,600 shares of the construction company's stock worth $696,000 after buying an additional 4,900 shares during the period. Algert Global LLC raised its holdings in Taylor Morrison Home by 4.0% during the 1st quarter. Algert Global LLC now owns 242,241 shares of the construction company's stock worth $14,544,000 after buying an additional 9,360 shares during the period. Finally, American Century Companies Inc. raised its holdings in Taylor Morrison Home by 14.4% during the 1st quarter. American Century Companies Inc. now owns 877,305 shares of the construction company's stock worth $52,673,000 after buying an additional 110,619 shares during the period. Institutional investors and hedge funds own 95.16% of the company's stock.

Taylor Morrison Home Stock Down 1.4%

Taylor Morrison Home stock traded down $0.9410 during mid-day trading on Thursday, hitting $65.7490. 1,549,556 shares of the company's stock were exchanged, compared to its average volume of 1,080,836. The company has a current ratio of 6.54, a quick ratio of 0.74 and a debt-to-equity ratio of 0.35. The stock has a market cap of $6.60 billion, a P/E ratio of 7.59 and a beta of 1.53. Taylor Morrison Home Corporation has a 1-year low of $51.90 and a 1-year high of $75.49. The stock has a 50 day moving average of $63.00 and a two-hundred day moving average of $60.55.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last posted its earnings results 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 net margin of 10.72% and a return on equity of 16.22%. The business's quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.86 earnings per share. As a group, analysts anticipate that Taylor Morrison Home Corporation will post 8.93 EPS for the current fiscal year.

Analysts Set New Price Targets

TMHC has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note on Sunday, June 1st. Bank of America initiated coverage on shares of Taylor Morrison Home in a research note on Monday, May 5th. They set a "buy" rating and a $70.00 target price on the stock. Barclays set a $69.00 target price on shares of Taylor Morrison Home and gave the company an "overweight" rating in a research note on Thursday, April 24th. 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. Finally, Wedbush reissued an "outperform" rating and set a $85.00 target price on shares of Taylor Morrison Home in a research note on Wednesday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company's stock. According to MarketBeat.com, Taylor Morrison Home presently has a consensus rating of "Buy" and an average target price of $76.88.

Insider Buying and Selling

In other Taylor Morrison Home news, CFO Curtis Vanhyfte sold 9,754 shares of the stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $65.22, for a total transaction of $636,155.88. Following the transaction, 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 filing with the SEC, which is available through the SEC website. 1.40% of the stock is owned by insiders.

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.