Jacobs Levy Equity Management Inc. Cuts Stock Position in Taylor Morrison Home Corporation $TMHC

Key Points

• Jacobs Levy Equity Management Inc. reduced its stake in Taylor Morrison Home Corporation by 1.8%, now holding approximately 221,946 shares valued at $13.33 million.
• Taylor Morrison Home reported better-than-expected quarterly earnings with EPS of $2.02, surpassing analyst estimates and achieving a revenue of $2.03 billion.
• Institutional investors own about 95.16% of the company's stock, indicating strong interest from larger investment firms.

Jacobs Levy Equity Management Inc. lessened its holdings in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 1.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 221,946 shares of the construction company's stock after selling 4,008 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.22% of Taylor Morrison Home worth $13,326,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of TMHC. Morse Asset Management Inc purchased a new position in Taylor Morrison Home during the fourth quarter valued at $29,000. GAMMA Investing LLC boosted its holdings in Taylor Morrison Home by 193.0% in the 1st quarter. GAMMA Investing LLC now owns 674 shares of the construction company's stock worth $40,000 after buying an additional 444 shares during the last quarter. Farther Finance Advisors LLC increased its stake in Taylor Morrison Home by 49.5% during the 1st quarter. Farther Finance Advisors LLC now owns 791 shares of the construction company's stock worth $48,000 after buying an additional 262 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Taylor Morrison Home by 50.2% during the first quarter. Harbor Capital Advisors Inc. now owns 844 shares of the construction company's stock valued at $51,000 after acquiring an additional 282 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of Taylor Morrison Home by 27.8% in the first quarter. Fifth Third Bancorp now owns 1,034 shares of the construction company's stock valued at $62,000 after acquiring an additional 225 shares in the last quarter. 95.16% of the stock is owned by institutional investors and hedge funds.

Taylor Morrison Home Trading Down 1.6%

NYSE TMHC traded down $1.11 on Friday, reaching $70.02. 297,299 shares of the company were exchanged, compared to its average volume of 1,074,735. The business's fifty day moving average price is $65.54 and its 200 day moving average price is $61.16. The stock has a market capitalization of $7.03 billion, a P/E ratio of 8.08 and a beta of 1.58. 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 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 released its quarterly earnings data on Wednesday, July 23rd. The construction company reported $2.02 earnings per share for the quarter, topping analysts' consensus estimates of $1.94 by $0.08. The company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.93 billion. Taylor Morrison Home had a return on equity of 16.22% and a net margin of 10.72%.The firm's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.86 earnings per share. Analysts forecast that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Seaport Res Ptn raised Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 23rd. Wall Street Zen lowered Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note on Sunday, June 1st. One research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company's stock. According to data from MarketBeat, Taylor Morrison Home presently has a consensus rating of "Buy" and a consensus price target of $76.88.

Insiders Place Their Bets

In related news, CFO Curtis Vanhyfte sold 5,082 shares of the business's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $69.97, for a total value of $355,587.54. Following the sale, the chief financial officer owned 11,742 shares in the company, valued at approximately $821,587.74. The trade was a 30.21% decrease in their position. The transaction 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 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 in the company, valued at $26,696,428.50. This represents a 3.52% decrease in their position. The disclosure for this sale can be found here. Insiders sold 53,349 shares of company stock worth $3,720,490 in the last 90 days. Company insiders own 1.40% of the company's stock.

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.