Arcus Capital Partners LLC Takes $318,000 Position in Taylor Morrison Home Co. (NYSE:TMHC)

Arcus Capital Partners LLC acquired a new position in shares of Taylor Morrison Home Co. (NYSE:TMHC) during the 3rd quarter, Holdings Channel reports. The firm acquired 4,519 shares of the construction company’s stock, valued at approximately $318,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. V Square Quantitative Management LLC bought a new position in shares of Taylor Morrison Home in the third quarter valued at about $29,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Taylor Morrison Home during the second quarter worth approximately $31,000. Harbor Capital Advisors Inc. bought a new stake in shares of Taylor Morrison Home during the third quarter worth approximately $34,000. UMB Bank n.a. grew its position in shares of Taylor Morrison Home by 263.9% in the third quarter. UMB Bank n.a. now owns 535 shares of the construction company’s stock valued at $38,000 after purchasing an additional 388 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new position in shares of Taylor Morrison Home during the first quarter worth approximately $91,000. 95.16% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on TMHC shares. Royal Bank of Canada boosted their price target on Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. BTIG Research raised their price target on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Raymond James reissued an “outperform” rating and issued a $84.00 price objective (up previously from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th. Wedbush raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $65.00 to $85.00 in a report on Friday, October 25th. Finally, Zelman & Associates upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research note on Monday, August 12th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $77.33.

Insider Transactions at Taylor Morrison Home

In related news, EVP Darrell Sherman sold 68,433 shares of the company’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 sale, the executive vice president now owns 109,217 shares in the company, valued at $7,699,798.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Taylor Morrison Home news, EVP Darrell Sherman sold 68,433 shares of the firm’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $70.50, for a total value of $4,824,526.50. Following the completion of the sale, the executive vice president now directly owns 109,217 shares in the company, valued at approximately $7,699,798.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William H. Lyon sold 9,075 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $72.08, for a total transaction of $654,126.00. Following the transaction, the director now owns 2,136,241 shares in the company, valued at $153,980,251.28. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 104,337 shares of company stock worth $7,356,683 over the last three months. 3.50% of the stock is owned by company insiders.

Taylor Morrison Home Stock Down 0.5 %

Shares of NYSE:TMHC opened at $72.95 on Tuesday. The business has a fifty day simple moving average of $68.56 and a 200 day simple moving average of $62.87. Taylor Morrison Home Co. has a 12-month low of $42.13 and a 12-month high of $74.69. The firm has a market cap of $7.55 billion, a P/E ratio of 9.65 and a beta of 1.96. The company has a quick ratio of 0.69, a current ratio of 6.24 and a debt-to-equity ratio of 0.37.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.37 EPS for the quarter, topping analysts’ consensus estimates of $2.06 by $0.31. The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $1.96 billion. Taylor Morrison Home had a return on equity of 15.91% and a net margin of 10.39%. The firm’s quarterly revenue was up 26.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.62 earnings per share. Analysts predict that Taylor Morrison Home Co. will post 8.44 earnings per share for the current 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.