Qsemble Capital Management LP Sells 4,893 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Qsemble Capital Management LP lowered its position in Taylor Morrison Home Co. (NYSE:TMHC) by 49.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,059 shares of the construction company’s stock after selling 4,893 shares during the period. Qsemble Capital Management LP’s holdings in Taylor Morrison Home were worth $355,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of TMHC. Price T Rowe Associates Inc. MD boosted its holdings in Taylor Morrison Home by 2.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 78,897 shares of the construction company’s stock worth $4,906,000 after buying an additional 2,028 shares during the period. SVB Wealth LLC bought a new position in Taylor Morrison Home in the 1st quarter worth $224,000. Janus Henderson Group PLC boosted its holdings in Taylor Morrison Home by 22.3% in the 1st quarter. Janus Henderson Group PLC now owns 76,608 shares of the construction company’s stock worth $4,761,000 after buying an additional 13,987 shares during the period. Comerica Bank boosted its holdings in Taylor Morrison Home by 18.0% in the 1st quarter. Comerica Bank now owns 53,082 shares of the construction company’s stock worth $3,300,000 after buying an additional 8,091 shares during the period. Finally, Burney Co. boosted its holdings in shares of Taylor Morrison Home by 12.7% during the 1st quarter. Burney Co. now owns 270,162 shares of the construction company’s stock valued at $16,796,000 after purchasing an additional 30,431 shares during the last quarter. Institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Stock Down 0.2 %

Shares of NYSE:TMHC opened at $74.01 on Thursday. 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 $75.49. The company has a 50-day moving average price of $69.74 and a 200 day moving average price of $63.94. The company has a market cap of $7.66 billion, a price-to-earnings ratio of 9.79 and a beta of 1.96.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.37 EPS for the quarter, beating analysts’ consensus estimates of $2.06 by $0.31. Taylor Morrison Home had a net margin of 10.39% and a return on equity of 15.91%. The firm had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter last year, the firm earned $1.62 EPS. The firm’s revenue for the quarter was up 26.6% compared to the same quarter last year. As a group, equities research analysts predict that Taylor Morrison Home Co. will post 8.44 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Darrell Sherman sold 68,433 shares of the stock in a transaction dated 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 sale, the executive vice president now directly owns 109,217 shares of the company’s stock, valued at $7,699,798.50. This represents a 38.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William H. Lyon sold 24,284 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $74.46, for a total transaction of $1,808,186.64. Following the completion of the sale, the director now directly owns 2,045,316 shares in the company, valued at $152,294,229.36. This trade represents a 1.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 128,621 shares of company stock valued at $9,164,869 in the last ninety days. 3.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on TMHC. Raymond James reissued an “outperform” rating and set 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 increased their price objective for the company from $65.00 to $85.00 in a report on Friday, October 25th. BTIG Research increased their price objective on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the company a “buy” rating in a report on Thursday, October 24th. StockNews.com raised shares of Taylor Morrison Home from a “hold” rating to a “buy” rating in a report on Thursday, October 24th. Finally, Royal Bank of Canada increased their price objective on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.