Taylor Morrison Home Corporation $TMHC Shares Sold by T. Rowe Price Investment Management Inc.

Key Points

• T. Rowe Price Investment Management Inc. reduced its stake in Taylor Morrison Home Corporation by 8.2%, owning 815,334 shares valued at approximately $48.95 million after selling 73,313 shares in Q1.
• Corporate insiders, including CFO Curtis Vanhyfte, have been reducing their holdings, with Vanhyfte selling 9,754 shares for a total value of $636,155.88.
• Taylor Morrison Home reported a Q2 earnings per share of $2.02, exceeding expectations, and had a market capitalization of $6.97 billion with a PE ratio of 8.02.

T. Rowe Price Investment Management Inc. lessened its stake in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 8.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 815,334 shares of the construction company's stock after selling 73,313 shares during the quarter. T. Rowe Price Investment Management Inc. owned about 0.81% of Taylor Morrison Home worth $48,953,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Morse Asset Management Inc purchased a new position in shares of Taylor Morrison Home during the 4th quarter valued at approximately $29,000. GAMMA Investing LLC raised its position in shares of Taylor Morrison Home by 193.0% during the 1st quarter. GAMMA Investing LLC now owns 674 shares of the construction company's stock valued at $40,000 after acquiring an additional 444 shares in the last quarter. Quarry LP raised its position 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 in the last quarter. Farther Finance Advisors LLC raised its position 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 in the last quarter. Finally, Harbor Capital Advisors Inc. raised its position 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 valued at $51,000 after acquiring an additional 282 shares in the last quarter. Hedge funds and other institutional investors own 95.16% of the company's stock.

Insiders Place Their Bets

In other Taylor Morrison Home news, CFO Curtis Vanhyfte sold 9,754 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $65.22, for a total value of $636,155.88. Following the sale, the chief financial officer directly owned 14,163 shares of the company's stock, valued at $923,710.86. This trade represents a 40.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.40% of the stock is owned by corporate insiders.

Taylor Morrison Home Price Performance

Shares of NYSE TMHC opened at $69.4110 on Friday. Taylor Morrison Home Corporation has a 1-year low of $51.90 and a 1-year high of $75.49. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.54 and a quick ratio of 0.74. The business's fifty day moving average price is $63.23 and its two-hundred day moving average price is $60.59. The firm has a market capitalization of $6.97 billion, a PE ratio of 8.02 and a beta of 1.53.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The construction company reported $2.02 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same period last year, the company 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 expect that Taylor Morrison Home Corporation will post 8.93 EPS for the current year.

Wall Street Analyst Weigh In

TMHC has been the topic of several research reports. Wall Street Zen lowered Taylor Morrison Home from a "buy" rating to a "hold" rating in a research report on Sunday, June 1st. Seaport Res Ptn raised Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 23rd. Finally, Bank of America initiated coverage on Taylor Morrison Home in a research report on Monday, May 5th. They set a "buy" rating and a $70.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $76.88.

About Taylor Morrison Home

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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