Factorial Partners LLC Lowers Stock Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

Factorial Partners LLC lowered its stake in Taylor Morrison Home Co. (NYSE:TMHC) by 2.2% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 45,000 shares of the construction company’s stock after selling 1,000 shares during the period. Taylor Morrison Home accounts for about 1.8% of Factorial Partners LLC’s holdings, making the stock its 25th largest holding. Factorial Partners LLC’s holdings in Taylor Morrison Home were worth $3,162,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Strategy Asset Managers LLC bought a new stake in Taylor Morrison Home during the 3rd quarter valued at about $207,000. Pathstone Holdings LLC increased its holdings in shares of Taylor Morrison Home by 1.3% in the 3rd quarter. Pathstone Holdings LLC now owns 78,824 shares of the construction company’s stock worth $5,538,000 after purchasing an additional 1,044 shares in the last quarter. Peterson Financial Group Inc. bought a new stake in Taylor Morrison Home in the 3rd quarter worth about $62,000. Natixis Advisors LLC lifted its stake in Taylor Morrison Home by 14.1% during the 3rd quarter. Natixis Advisors LLC now owns 21,862 shares of the construction company’s stock valued at $1,536,000 after acquiring an additional 2,705 shares during the period. Finally, Check Capital Management Inc. CA bought a new position in Taylor Morrison Home during the 3rd quarter valued at about $239,000. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Insider Buying and Selling

In related news, EVP Darrell Sherman sold 26,757 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $70.00, for a total value of $1,872,990.00. Following the completion of the sale, the executive vice president now directly owns 109,217 shares in the company, valued at $7,645,190. This trade represents a 19.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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. The trade was a 0.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 104,337 shares of company stock worth $7,356,683. Corporate insiders own 3.50% of the company’s stock.

Taylor Morrison Home Trading Up 0.5 %

Taylor Morrison Home stock opened at $69.58 on Wednesday. The company has a current ratio of 6.24, a quick ratio of 0.69 and a debt-to-equity ratio of 0.37. Taylor Morrison Home Co. has a 12-month low of $44.32 and a 12-month high of $74.69. The firm has a market capitalization of $7.20 billion, a price-to-earnings ratio of 9.20 and a beta of 1.96. The firm has a 50 day moving average of $69.10 and a 200 day moving average of $63.33.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings results 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 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 firm’s revenue was up 26.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.62 EPS. As a group, research analysts predict that Taylor Morrison Home Co. will post 8.44 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in 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. Wedbush upgraded shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $65.00 to $85.00 in a research note on Friday, October 25th. StockNews.com raised Taylor Morrison Home from a “hold” rating to a “buy” rating in a report on Thursday, October 24th. BTIG Research upped their price objective on Taylor Morrison Home from $78.00 to $86.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Barclays increased their target price on Taylor Morrison Home from $72.00 to $75.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.33.

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.