Taylor Morrison Home Corporation $TMHC Shares Bought by Nordea Investment Management AB

Nordea Investment Management AB lifted its stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 3.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 175,654 shares of the construction company's stock after buying an additional 6,598 shares during the quarter. Nordea Investment Management AB owned approximately 0.18% of Taylor Morrison Home worth $10,722,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. American Century Companies Inc. grew its position in shares of Taylor Morrison Home by 14.4% during the first 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 in the last quarter. Nuveen LLC acquired a new position in shares of Taylor Morrison Home during the first quarter worth about $51,329,000. Victory Capital Management Inc. grew its position in shares of Taylor Morrison Home by 197.2% during the first quarter. Victory Capital Management Inc. now owns 793,987 shares of the construction company's stock worth $47,671,000 after buying an additional 526,819 shares in the last quarter. Assetmark Inc. grew its position in shares of Taylor Morrison Home by 2.9% during the first quarter. Assetmark Inc. now owns 783,185 shares of the construction company's stock worth $47,022,000 after buying an additional 22,265 shares in the last quarter. Finally, Millennium Management LLC grew its position in shares of Taylor Morrison Home by 27.9% during the first quarter. Millennium Management LLC now owns 766,261 shares of the construction company's stock worth $46,006,000 after buying an additional 167,366 shares in the last quarter. 95.16% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Taylor Morrison Home

In other Taylor Morrison Home news, Director Anne L. Mariucci sold 14,002 shares of the business's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $70.00, for a total value of $980,140.00. Following the completion of the sale, the director owned 48,191 shares in the company, valued at approximately $3,373,370. The trade was a 22.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sheryl Palmer sold 13,513 shares of the business's stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $72.06, for a total value of $973,746.78. Following the completion of the sale, the chief executive officer owned 370,475 shares of the company's stock, valued at approximately $26,696,428.50. This represents a 3.52% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 67,351 shares of company stock worth $4,700,630. 1.40% of the stock is owned by insiders.

Taylor Morrison Home Price Performance

Shares of NYSE TMHC opened at $61.73 on Monday. 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 Corporation has a twelve month low of $51.90 and a twelve month high of $75.49. The stock has a 50 day moving average of $66.79 and a two-hundred day moving average of $62.07. The stock has a market cap of $6.20 billion, a P/E ratio of 7.13 and a beta of 1.61.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The construction company reported $2.02 earnings per share 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 company had revenue of $2.03 billion during the quarter, compared to analysts' expectations of $1.93 billion. During the same quarter in the previous year, the business earned $1.86 earnings per share. The firm's revenue for the quarter was up 2.0% on a year-over-year basis. On average, research analysts forecast that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Weiss Ratings restated a "buy (b)" rating on shares of Taylor Morrison Home in a research note on Wednesday, October 8th. Bank of America decreased their target price on Taylor Morrison Home from $75.00 to $72.00 and set a "buy" rating for the company in a research note on Friday, October 10th. Finally, Seaport Res Ptn upgraded Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. According to data from MarketBeat.com, Taylor Morrison Home currently has a consensus rating of "Buy" and an average target price of $77.13.

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.

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