United Services Automobile Association Acquires New Holdings in 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 acquired 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 disclosure with the Securities and Exchange Commission (SEC). The firm acquired 6,649 shares of the construction company's stock, valued at approximately $399,000.

A number of other institutional investors also recently added to or reduced their stakes in TMHC. Nuveen LLC bought a new stake in Taylor Morrison Home during the first quarter valued at about $51,329,000. Long Pond Capital LP bought a new stake in Taylor Morrison Home during the first quarter valued at about $40,345,000. Junto Capital Management LP bought a new stake in Taylor Morrison Home during the first quarter valued at about $34,007,000. Victory Capital Management Inc. boosted its position in 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 valued at $47,671,000 after purchasing an additional 526,819 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in Taylor Morrison Home by 80.2% during the first quarter. Assenagon Asset Management S.A. now owns 912,064 shares of the construction company's stock valued at $54,760,000 after purchasing an additional 405,875 shares in the last quarter. Institutional investors own 95.16% of the company's stock.

Insider Activity

In other news, CFO Curtis Vanhyfte sold 9,754 shares of the firm's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $65.22, for a total value of $636,155.88. Following the completion of the transaction, the chief financial officer directly owned 14,163 shares in the company, valued at $923,710.86. This trade represents 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 the SEC website. Also, CEO Sheryl Palmer sold 25,000 shares of the firm's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $70.20, for a total value of $1,755,000.00. Following the completion of the transaction, the chief executive officer owned 383,988 shares of the company's stock, valued at approximately $26,955,957.60. The trade was a 6.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 53,349 shares of company stock valued at $3,720,490. Company insiders own 1.40% of the company's stock.

Analysts Set New Price Targets

TMHC has been the topic of a number of recent research reports. Seaport Res Ptn raised Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 23rd. Wall Street Zen downgraded Taylor Morrison Home from a "buy" rating to a "hold" rating in a research report on Sunday, June 1st. One investment analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $76.88.

Taylor Morrison Home Price Performance

Shares of NYSE TMHC opened at $71.18 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.74 and a current ratio of 6.54. The company has a market cap of $7.14 billion, a PE ratio of 8.22 and a beta of 1.58. The business has a 50-day simple moving average of $65.54 and a two-hundred day simple moving average of $61.16. 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 issued its quarterly 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. The business had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $1.93 billion. Taylor Morrison Home had a return on equity of 16.22% and a net margin of 10.72%.The company's quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the company earned $1.86 earnings per share. As a group, equities analysts expect that Taylor Morrison Home Corporation will post 8.93 EPS for the current fiscal year.

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.

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