Taylor Morrison Home Corporation (NYSE:TMHC) Shares Bought by Greenhaven Associates Inc.

Greenhaven Associates Inc. increased its stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 6.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 2,695,488 shares of the construction company’s stock after acquiring an additional 169,244 shares during the period. Taylor Morrison Home makes up approximately 1.0% of Greenhaven Associates Inc.’s holdings, making the stock its 16th largest holding. Greenhaven Associates Inc. owned about 2.25% of Taylor Morrison Home worth $65,959,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Great West Life Assurance Co. Can grew its stake in Taylor Morrison Home by 52.9% during the 2nd quarter. Great West Life Assurance Co. Can now owns 6,882 shares of the construction company’s stock worth $165,000 after buying an additional 2,382 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in Taylor Morrison Home by 79.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 371,160 shares of the construction company’s stock worth $8,912,000 after buying an additional 164,563 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Taylor Morrison Home by 56.8% in the second quarter. Rhumbline Advisers now owns 65,577 shares of the construction company’s stock worth $1,575,000 after purchasing an additional 23,752 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Taylor Morrison Home in the second quarter worth $184,000. Finally, Bank of New York Mellon Corp grew its stake in shares of Taylor Morrison Home by 25.6% in the second quarter. Bank of New York Mellon Corp now owns 315,964 shares of the construction company’s stock worth $7,586,000 after purchasing an additional 64,337 shares in the last quarter. 57.68% of the stock is currently owned by institutional investors.

Several research firms have recently issued reports on TMHC. UBS Group raised Taylor Morrison Home from a “neutral” rating to a “positive” rating in a research note on Thursday, January 4th. Wells Fargo & Co raised Taylor Morrison Home from a “market perform” rating to an “outperform” rating and set a $32.00 price target for the company in a research note on Friday, January 5th. Barclays set a $27.00 price objective on Taylor Morrison Home and gave the company a “hold” rating in a report on Monday, January 8th. Zacks Investment Research lowered Taylor Morrison Home from a “hold” rating to a “sell” rating in a report on Friday, January 5th. Finally, Wedbush restated a “neutral” rating and issued a $27.00 price objective on shares of Taylor Morrison Home in a report on Friday, January 12th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $27.57.

Shares of Taylor Morrison Home Corporation (NYSE:TMHC) opened at $24.79 on Friday. The stock has a market capitalization of $3,070.22, a PE ratio of 13.47, a P/E/G ratio of 0.84 and a beta of 1.44. The company has a debt-to-equity ratio of 0.63, a current ratio of 6.85 and a quick ratio of 0.81. Taylor Morrison Home Corporation has a one year low of $18.41 and a one year high of $28.42.

Taylor Morrison Home (NYSE:TMHC) last issued its earnings results on Wednesday, November 1st. The construction company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.04. Taylor Morrison Home had a return on equity of 4.18% and a net margin of 2.41%. The company had revenue of $908.00 million for the quarter, compared to analyst estimates of $914.19 million. During the same period in the prior year, the firm posted $0.49 EPS. The business’s revenue was up 6.4% compared to the same quarter last year. analysts predict that Taylor Morrison Home Corporation will post 1.86 earnings per share for the current year.

Taylor Morrison Home announced that its board has initiated a share buyback plan on Wednesday, January 3rd that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the construction company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

In other news, insider Group Holdings (Sbs) Advis Tpg sold 1,499,732 shares of the stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $27.14, for a total transaction of $40,702,726.48. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 2.40% of the company’s stock.

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About Taylor Morrison Home

Taylor Morrison Home Corporation is a homebuilder, which designs, builds and sells single-family detached and attached homes. The Company is also a land developer, with a portfolio of lifestyle and master-planned communities. Its segments include East, which includes Atlanta, Charlotte, North Florida, Raleigh, Southwest Florida and Tampa; Central, which includes Austin, Dallas, and Houston (each of the Dallas and Houston markets include both a Taylor Morrison division and a Darling Homes division); West, which includes Bay Area, Chicago, Denver, Phoenix, Sacramento and Southern California, and Mortgage Operations, which includes Taylor Morrison Home Funding, LLC (TMHF) and Inspired Title Services, LLC (Inspired Title).

Institutional Ownership by Quarter for Taylor Morrison Home (NYSE:TMHC)

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