Lord Abbett & CO. LLC Acquires 11,302 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Lord Abbett & CO. LLC grew its position in Taylor Morrison Home Co. (NYSE:TMHC) by 2.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 463,287 shares of the construction company’s stock after acquiring an additional 11,302 shares during the quarter. Lord Abbett & CO. LLC’s holdings in Taylor Morrison Home were worth $32,550,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of TMHC. V Square Quantitative Management LLC acquired a new position in shares of Taylor Morrison Home in the 3rd quarter worth approximately $29,000. Harbor Capital Advisors Inc. acquired a new position in shares of Taylor Morrison Home in the 3rd quarter worth approximately $34,000. UMB Bank n.a. raised its holdings in shares of Taylor Morrison Home by 263.9% in the 3rd quarter. UMB Bank n.a. now owns 535 shares of the construction company’s stock worth $38,000 after buying an additional 388 shares in the last quarter. Peterson Financial Group Inc. acquired a new position in shares of Taylor Morrison Home in the 3rd quarter worth approximately $62,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Taylor Morrison Home in the 2nd quarter worth approximately $100,000. Institutional investors own 95.16% of the company’s stock.

Insider Activity

In other news, Director William H. Lyon sold 24,284 shares of Taylor Morrison Home stock in a transaction 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 trade represents a 1.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Darrell Sherman sold 68,433 shares of Taylor Morrison Home 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 of the company’s stock, valued at $7,699,798.50. This trade represents a 38.52 % decrease in their ownership of the stock. 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. Company insiders own 3.50% of the company’s stock.

Taylor Morrison Home Trading Down 3.6 %

TMHC stock opened at $64.72 on Monday. The business has a fifty day moving average price of $69.82 and a 200 day moving average price of $64.87. Taylor Morrison Home Co. has a fifty-two week low of $49.98 and a fifty-two week high of $75.49. The stock has a market capitalization of $6.70 billion, a price-to-earnings ratio of 8.56 and a beta of 1.97. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.24 and a quick ratio of 0.69.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on TMHC shares. JPMorgan Chase & Co. dropped their target price on Taylor Morrison Home from $101.00 to $90.00 and set an “overweight” rating for the company in a report on Friday. Royal Bank of Canada increased their target price on Taylor Morrison Home from $74.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Raymond James reissued an “outperform” rating and issued a $84.00 target price (up from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th. Wedbush raised Taylor Morrison Home from a “neutral” rating to an “outperform” rating and raised their price target for the company from $65.00 to $85.00 in a report on Friday, October 25th. Finally, Barclays raised Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $75.00 to $90.00 in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $85.33.

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.