CW Advisors LLC Has $2.19 Million Stock Holdings in Taylor Morrison Home Corporation $TMHC

CW Advisors LLC increased its position in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 71.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,686 shares of the construction company’s stock after purchasing an additional 14,892 shares during the quarter. CW Advisors LLC’s holdings in Taylor Morrison Home were worth $2,192,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Taylor Morrison Home during the second quarter worth about $93,627,000. Nuveen LLC bought a new position in shares of Taylor Morrison Home in the first quarter valued at approximately $51,329,000. Long Pond Capital LP acquired a new position in shares of Taylor Morrison Home in the 1st quarter worth approximately $40,345,000. Junto Capital Management LP bought a new stake in Taylor Morrison Home during the 1st quarter worth approximately $34,007,000. Finally, Interval Partners LP increased its holdings in Taylor Morrison Home by 93.2% during the 1st quarter. Interval Partners LP now owns 694,542 shares of the construction company’s stock valued at $41,700,000 after purchasing an additional 334,972 shares in the last quarter. 95.16% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Taylor Morrison Home news, Director Anne L. Mariucci sold 14,002 shares of the stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $70.00, for a total value of $980,140.00. Following the sale, the director directly owned 48,191 shares in the company, valued at approximately $3,373,370. This trade represents a 22.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.40% of the company’s stock.

Taylor Morrison Home Price Performance

Shares of TMHC stock opened at $62.45 on Friday. The firm has a market cap of $6.10 billion, a price-to-earnings ratio of 7.52 and a beta of 1.57. Taylor Morrison Home Corporation has a 12 month low of $51.90 and a 12 month high of $72.50. The company has a quick ratio of 1.02, a current ratio of 7.02 and a debt-to-equity ratio of 0.35. The stock has a 50-day moving average price of $61.57 and a 200 day moving average price of $62.78.

Taylor Morrison Home (NYSE:TMHC) last issued its earnings results on Wednesday, October 22nd. The construction company reported $2.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.18. Taylor Morrison Home had a net margin of 10.16% and a return on equity of 15.23%. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter last year, the firm earned $2.40 EPS. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. Research analysts expect that Taylor Morrison Home Corporation will post 8.93 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on TMHC shares. Wedbush reissued an “outperform” rating and issued a $85.00 price objective on shares of Taylor Morrison Home in a research note on Thursday, October 23rd. Bank of America reduced their price target on shares of Taylor Morrison Home from $75.00 to $72.00 and set a “buy” rating on the stock in a research report on Friday, October 10th. Royal Bank Of Canada lowered their price objective on shares of Taylor Morrison Home from $75.00 to $68.00 and set an “outperform” rating for the company in a research report on Thursday, October 23rd. Finally, Weiss Ratings upgraded shares of Taylor Morrison Home from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, December 1st. One investment analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $75.29.

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.