Taylor Morrison Home Corporation $TMHC Shares Purchased by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC increased its stake in Taylor Morrison Home Corporation by 21.7%, acquiring an additional 6,586 shares for a total of 37,003 shares valued at $2.22 million.
• Multiple financial analysts have recently adjusted their price targets for TMHC, with Bank of America raising its target from $72.00 to $75.00, while maintaining a "buy" rating.
• Insider trading reports indicate significant share sales by CEO Sheryl Palmer and CFO Curtis Vanhyfte, totaling over $1.3 million in shares sold in recent transactions.

Voya Investment Management LLC lifted its stake in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 21.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 37,003 shares of the construction company's stock after buying an additional 6,586 shares during the quarter. Voya Investment Management LLC's holdings in Taylor Morrison Home were worth $2,222,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC grew its holdings in 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 buying an additional 444 shares in the last quarter. Farther Finance Advisors LLC grew its position in Taylor Morrison Home by 49.5% in 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. Harbor Capital Advisors Inc. grew its position in Taylor Morrison Home by 50.2% in 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 during the last quarter. Fifth Third Bancorp raised its position in Taylor Morrison Home by 27.8% during the 1st quarter. Fifth Third Bancorp now owns 1,034 shares of the construction company's stock valued at $62,000 after purchasing an additional 225 shares in the last quarter. Finally, UMB Bank n.a. raised its position in Taylor Morrison Home by 107.1% during the 1st quarter. UMB Bank n.a. now owns 1,114 shares of the construction company's stock valued at $67,000 after purchasing an additional 576 shares in the last quarter. Hedge funds and other institutional investors own 95.16% of the company's stock.

Taylor Morrison Home Price Performance

Shares of NYSE:TMHC traded down $1.72 during midday trading on Monday, hitting $66.04. The company had a trading volume of 1,379,071 shares, compared to its average volume of 1,093,122. Taylor Morrison Home Corporation has a twelve month low of $51.90 and a twelve month 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 stock has a market cap of $6.63 billion, a price-to-earnings ratio of 7.36 and a beta of 1.58. The business's 50-day simple moving average is $66.11 and its 200-day simple moving average is $61.48.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The construction company reported $2.02 EPS for the quarter, beating the consensus estimate of $1.94 by $0.08. The firm had revenue of $2.03 billion during the quarter, compared to analysts' expectations 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 revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.86 earnings per share. On average, research analysts predict that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current year.

Insider Activity at Taylor Morrison Home

In related news, CEO Sheryl Palmer sold 13,513 shares of the firm's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $72.06, for a total transaction of $973,746.78. Following the completion of the transaction, the chief executive officer directly owned 370,475 shares in the company, valued at $26,696,428.50. This trade represents a 3.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Anne L. Mariucci sold 14,002 shares of the business's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $70.00, for a total transaction of $980,140.00. Following the sale, the director owned 48,191 shares in the company, valued at $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. In the last 90 days, insiders have sold 67,351 shares of company stock worth $4,700,630. 1.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Seaport Res Ptn upgraded shares of Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 23rd. Bank of America upped their target price on Taylor Morrison Home from $72.00 to $75.00 and gave the company a "buy" rating in a research report on Thursday. Finally, Wall Street Zen cut Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Sunday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $77.50.

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.