Daiwa Securities Group Inc. Grows Stake in Taylor Morrison Home Co. (NYSE:TMHC)

Daiwa Securities Group Inc. lifted its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 67.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,900 shares of the construction company’s stock after purchasing an additional 4,800 shares during the period. Daiwa Securities Group Inc.’s holdings in Taylor Morrison Home were worth $836,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of TMHC. Forum Financial Management LP raised its stake in shares of Taylor Morrison Home by 3.9% in the second quarter. Forum Financial Management LP now owns 4,430 shares of the construction company’s stock valued at $246,000 after buying an additional 165 shares during the period. Resonant Capital Advisors LLC lifted its holdings in Taylor Morrison Home by 2.1% during the third quarter. Resonant Capital Advisors LLC now owns 9,103 shares of the construction company’s stock valued at $640,000 after purchasing an additional 191 shares during the last quarter. TCW Group Inc. boosted its position in Taylor Morrison Home by 0.4% during the second quarter. TCW Group Inc. now owns 52,193 shares of the construction company’s stock worth $2,894,000 after purchasing an additional 213 shares during the period. Arizona State Retirement System increased its stake in shares of Taylor Morrison Home by 0.9% in the second quarter. Arizona State Retirement System now owns 29,795 shares of the construction company’s stock worth $1,652,000 after purchasing an additional 266 shares in the last quarter. Finally, SummerHaven Investment Management LLC raised its position in shares of Taylor Morrison Home by 1.8% in the second quarter. SummerHaven Investment Management LLC now owns 14,831 shares of the construction company’s stock valued at $822,000 after purchasing an additional 267 shares during the period. Institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Stock Performance

Shares of TMHC opened at $73.89 on Friday. Taylor Morrison Home Co. has a 12-month low of $44.59 and a 12-month high of $75.49. The company has a current ratio of 6.24, a quick ratio of 0.69 and a debt-to-equity ratio of 0.37. The company has a market cap of $7.65 billion, a PE ratio of 9.77 and a beta of 1.96. The stock has a 50-day moving average price of $69.86 and a 200-day moving average price of $64.11.

Taylor Morrison Home (NYSE:TMHC) last announced its earnings results on Wednesday, October 23rd. The construction company reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.06 by $0.31. Taylor Morrison Home had a net margin of 10.39% and a return on equity of 15.91%. The business had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same period last year, the firm posted $1.62 earnings per share. Taylor Morrison Home’s quarterly revenue was up 26.6% on a year-over-year basis. As a group, equities analysts forecast that Taylor Morrison Home Co. will post 8.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on TMHC. Zelman & Associates raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a report on Monday, August 12th. Barclays boosted their price objective on Taylor Morrison Home from $72.00 to $75.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. StockNews.com upgraded Taylor Morrison Home from a “hold” rating to a “buy” rating in a research note on Thursday, October 24th. Raymond James reissued an “outperform” rating and issued a $84.00 price target (up from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th. Finally, Royal Bank of Canada raised their price objective on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $77.33.

Insider Transactions at Taylor Morrison Home

In related news, EVP Darrell Sherman sold 68,433 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $70.50, for a total transaction of $4,824,526.50. Following the transaction, the executive vice president now directly owns 109,217 shares of the company’s stock, valued at approximately $7,699,798.50. This trade represents a 38.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director William H. Lyon sold 24,284 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $74.46, for a total value of $1,808,186.64. Following the completion of the sale, the director now directly owns 2,045,316 shares of the company’s stock, valued at approximately $152,294,229.36. This represents a 1.17 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 128,621 shares of company stock valued at $9,164,869. Insiders own 3.50% of the company’s stock.

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.