William Blair Investment Management LLC Sells 57,191 Shares of Taylor Morrison Home Corporation $TMHC

Key Points

• William Blair Investment Management LLC has reduced its holdings in Taylor Morrison Home Corporation by 7.7%, selling 57,191 shares to now own 689,515 shares worth about $42.35 million.
• The company reported $2.02 EPS in its latest quarterly earnings, exceeding estimates of $1.94, with a revenue increase of 2.0% year-over-year.
• Insiders at Taylor Morrison have sold a total of 67,351 shares valued at approximately $4.7 million within the last quarter, indicating decreased ownership stakes.

William Blair Investment Management LLC reduced its holdings in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 7.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 689,515 shares of the construction company's stock after selling 57,191 shares during the quarter. William Blair Investment Management LLC owned about 0.69% of Taylor Morrison Home worth $42,350,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in Taylor Morrison Home by 193.0% in the first quarter. GAMMA Investing LLC now owns 674 shares of the construction company's stock worth $40,000 after purchasing an additional 444 shares in the last quarter. KBC Group NV increased its holdings in shares of Taylor Morrison Home by 16.7% during the first quarter. KBC Group NV now owns 4,987 shares of the construction company's stock valued at $299,000 after acquiring an additional 714 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. bought a new stake in shares of Taylor Morrison Home during the first quarter valued at approximately $243,000. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Taylor Morrison Home by 10.8% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,200 shares of the construction company's stock valued at $552,000 after acquiring an additional 900 shares in the last quarter. Finally, Cerity Partners LLC increased its holdings in shares of Taylor Morrison Home by 15.6% during the first quarter. Cerity Partners LLC now owns 24,507 shares of the construction company's stock valued at $1,471,000 after acquiring an additional 3,311 shares in the last quarter. 95.16% of the stock is currently owned by institutional investors.

Taylor Morrison Home Trading Down 0.0%

Shares of Taylor Morrison Home stock opened at $61.73 on Friday. The stock has a fifty day simple moving average of $66.79 and a 200 day simple moving average of $62.04. Taylor Morrison Home Corporation has a 12-month low of $51.90 and a 12-month high of $75.49. The company has a market capitalization of $6.20 billion, a P/E ratio of 7.13 and a beta of 1.61. The company has a current ratio of 6.54, a quick ratio of 0.74 and a debt-to-equity ratio of 0.35.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last announced its quarterly earnings results 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. Taylor Morrison Home had a return on equity of 16.22% and a net margin of 10.72%.The business had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the prior year, the company posted $1.86 earnings per share. Taylor Morrison Home's revenue was up 2.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Taylor Morrison Home news, Director Anne L. Mariucci sold 14,002 shares of the business's stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $70.00, for a total value of $980,140.00. Following the transaction, the director owned 48,191 shares of the company's stock, valued at approximately $3,373,370. The trade was a 22.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Curtis Vanhyfte sold 9,754 shares of the business's 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 completion of the transaction, the chief financial officer directly owned 14,163 shares in the company, valued at approximately $923,710.86. This represents a 40.78% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 67,351 shares of company stock valued at $4,700,630. Insiders own 1.40% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TMHC. Seaport Res Ptn upgraded Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 23rd. Bank of America decreased their price objective on Taylor Morrison Home from $75.00 to $72.00 and set a "buy" rating for the company in a report on Friday, October 10th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Taylor Morrison Home in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. According to data from MarketBeat, Taylor Morrison Home has a consensus rating of "Buy" and an average target price of $77.13.

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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