United Services Automobile Association Buys Shares of 6,649 Taylor Morrison Home Corporation $TMHC

Key Points

• United Services Automobile Association acquired a new stake of 6,649 shares in Taylor Morrison Home Corporation valued approximately at $399,000 during the first quarter.
• Insiders, including the CFO and CEO, recently sold substantial amounts of TMHC stock, indicating a 40.78% decrease in CFO Curtis Vanhyfte's ownership and a 6.11% decrease in CEO Sheryl Palmer's ownership.
• Analysts have mixed ratings for TMHC; while some have upgraded it to a strong-buy, others have downgraded it to a hold, with an average target price set at $76.88.

United Services Automobile Association bought a new stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 6,649 shares of the construction company's stock, valued at approximately $399,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TMHC. Cetera Investment Advisers lifted its holdings in Taylor Morrison Home by 9.9% during the fourth quarter. Cetera Investment Advisers now owns 30,198 shares of the construction company's stock valued at $1,848,000 after purchasing an additional 2,711 shares in the last quarter. Deutsche Bank AG lifted its stake in Taylor Morrison Home by 25.1% in the 4th quarter. Deutsche Bank AG now owns 180,023 shares of the construction company's stock valued at $11,019,000 after buying an additional 36,142 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its stake in Taylor Morrison Home by 1,125.6% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 93,560 shares of the construction company's stock valued at $5,727,000 after buying an additional 85,926 shares in the last quarter. Gotham Asset Management LLC purchased a new position in shares of Taylor Morrison Home in the fourth quarter valued at approximately $214,000. Finally, Janus Henderson Group PLC lifted its position in shares of Taylor Morrison Home by 112.9% in the fourth quarter. Janus Henderson Group PLC now owns 168,604 shares of the construction company's stock valued at $10,325,000 after acquiring an additional 89,403 shares in the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Curtis Vanhyfte sold 9,754 shares of the firm's stock in a transaction that occurred 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 in the company, valued at approximately $923,710.86. This trade represents a 40.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Anne L. Mariucci sold 14,002 shares of the firm'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 transaction of $980,140.00. Following the transaction, the director owned 48,191 shares in the company, valued at approximately $3,373,370. This trade represents a 22.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 67,351 shares of company stock worth $4,700,630 in the last quarter. 1.40% of the stock is owned by insiders.

Taylor Morrison Home Stock Up 1.3%

Shares of NYSE TMHC traded up $0.90 during mid-day trading on Wednesday, reaching $69.15. The company had a trading volume of 118,190 shares, compared to its average volume of 1,078,409. 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 firm has a 50 day simple moving average of $65.90 and a two-hundred day simple moving average of $61.29. The stock has a market cap of $6.94 billion, a P/E ratio of 8.00 and a beta of 1.58. Taylor Morrison Home Corporation has a 52-week low of $51.90 and a 52-week high of $75.49.

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 (EPS) for the quarter, topping the consensus estimate 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 business's quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.86 earnings per share. Sell-side analysts predict that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on TMHC shares. Wall Street Zen downgraded Taylor Morrison Home from a "buy" rating to a "hold" rating in a research report on Sunday, June 1st. Seaport Res Ptn upgraded Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $76.88.

Taylor Morrison Home Company 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.