Taylor Morrison Home Corporation $TMHC Shares Sold by Northern Trust Corp

Key Points

• Northern Trust Corp reduced its stake in Taylor Morrison Home Corporation by 2.3% during the first quarter, selling 38,571 shares, leaving it with approximately 1.63% ownership valued at nearly $98 million.
• Taylor Morrison Home reported a Q2 EPS of $2.02, surpassing analyst expectations and achieving a 10.72% net margin, with revenue of $2.03 billion for the quarter.
• Analysts maintain a positive outlook on Taylor Morrison Home, with an average rating of "Buy" and a consensus price target of $76.88.

Northern Trust Corp lessened its holdings in shares of Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 2.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,631,670 shares of the construction company's stock after selling 38,571 shares during the quarter. Northern Trust Corp owned approximately 1.63% of Taylor Morrison Home worth $97,965,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Morse Asset Management Inc acquired a new position in Taylor Morrison Home in the fourth quarter valued at $29,000. GAMMA Investing LLC grew 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 valued at $40,000 after buying an additional 444 shares during the period. Quarry LP increased its stake in shares of Taylor Morrison Home by 202.1% during the 4th quarter. Quarry LP now owns 704 shares of the construction company's stock valued at $43,000 after acquiring an additional 471 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Taylor Morrison Home by 49.5% during the 1st quarter. Farther Finance Advisors LLC now owns 791 shares of the construction company's stock valued at $48,000 after acquiring an additional 262 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its holdings in shares of Taylor Morrison Home by 50.2% during the 1st quarter. Harbor Capital Advisors Inc. now owns 844 shares of the construction company's stock worth $51,000 after acquiring an additional 282 shares during the period. Hedge funds and other institutional investors own 95.16% of the company's stock.

Taylor Morrison Home Price Performance

TMHC opened at $69.4110 on Friday. Taylor Morrison Home Corporation has a 52-week low of $51.90 and a 52-week high of $75.49. The company has a 50 day moving average of $63.23 and a two-hundred day moving average of $60.56. The company has a market cap of $6.97 billion, a P/E ratio of 8.02 and a beta of 1.53. The company has a quick ratio of 0.74, a current ratio of 6.54 and a debt-to-equity ratio of 0.35.

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 net margin of 10.72% and a return on equity of 16.22%. The business had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter last year, the firm posted $1.86 EPS. The business's revenue for the quarter was up 2.0% compared to the same quarter last year. On average, analysts expect that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current year.

Insider Buying and Selling

In other Taylor Morrison Home news, CFO Curtis Vanhyfte sold 9,754 shares of the business's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $65.22, for a total transaction of $636,155.88. Following the transaction, 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

TMHC has been the subject of a number of recent analyst reports. Seaport Res Ptn upgraded shares of Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 23rd. Wall Street Zen cut shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note on Sunday, June 1st. Finally, Bank of America began coverage on Taylor Morrison Home in a report on Monday, May 5th. They set a "buy" rating and a $70.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target 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.

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