Taylor Morrison Home Corporation $TMHC Shares Sold by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. cut its stake in Taylor Morrison Home Corporation (NYSE:TMHC) by 0.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,792,671 shares of the construction company’s stock after selling 8,974 shares during the period. Taylor Morrison Home accounts for approximately 2.6% of Donald Smith & CO. Inc.’s investment portfolio, making the stock its 15th largest holding. Donald Smith & CO. Inc.’s holdings in Taylor Morrison Home were worth $110,106,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Long Pond Capital LP grew its position in shares of Taylor Morrison Home by 132.4% during the second quarter. Long Pond Capital LP now owns 1,561,586 shares of the construction company’s stock worth $95,913,000 after acquiring an additional 889,616 shares during the last quarter. Marshall Wace LLP boosted its stake in Taylor Morrison Home by 12.0% during the 2nd quarter. Marshall Wace LLP now owns 8,029 shares of the construction company’s stock valued at $493,000 after purchasing an additional 859 shares during the period. EverSource Wealth Advisors LLC grew its position in Taylor Morrison Home by 406.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 897 shares of the construction company’s stock worth $55,000 after purchasing an additional 720 shares during the last quarter. CW Advisors LLC increased its stake in shares of Taylor Morrison Home by 71.6% in the second quarter. CW Advisors LLC now owns 35,686 shares of the construction company’s stock valued at $2,192,000 after purchasing an additional 14,892 shares during the period. Finally, M&T Bank Corp acquired a new stake in shares of Taylor Morrison Home in the second quarter valued at approximately $262,000. 95.16% of the stock is currently owned by institutional investors.

Taylor Morrison Home Stock Down 0.4%

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

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings results on Wednesday, October 22nd. The construction company reported $2.11 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the prior year, the firm earned $2.40 EPS. The business’s revenue was down 1.2% on a year-over-year basis. As a group, analysts forecast that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have commented on TMHC shares. Bank of America dropped 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 decreased their target price on Taylor Morrison Home from $75.00 to $68.00 and set an “outperform” rating on the stock in a report on Thursday, October 23rd. Weiss Ratings upgraded shares of Taylor Morrison Home from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, December 1st. Finally, Wedbush reaffirmed an “outperform” rating and issued a $85.00 target price on shares of Taylor Morrison Home in a research report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, Taylor Morrison Home currently has a consensus rating of “Buy” and an average price target of $75.29.

Insiders Place Their Bets

In other news, Director Anne L. Mariucci sold 14,002 shares of Taylor Morrison Home stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $70.00, for a total transaction of $980,140.00. Following the sale, the director directly owned 48,191 shares in the company, valued at approximately $3,373,370. The trade was a 22.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.40% of the stock is owned by corporate insiders.

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.