SG Americas Securities LLC Boosts Stake in Taylor Morrison Home Corporation (TMHC)

SG Americas Securities LLC grew its position in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 363.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 35,554 shares of the construction company’s stock after acquiring an additional 27,890 shares during the quarter. SG Americas Securities LLC’s holdings in Taylor Morrison Home were worth $784,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Taylor Morrison Home by 72.8% during the 2nd quarter. Vanguard Group Inc. now owns 7,031,797 shares of the construction company’s stock valued at $168,834,000 after acquiring an additional 2,962,990 shares during the last quarter. BlackRock Inc. lifted its position in Taylor Morrison Home by 51.5% in the second quarter. BlackRock Inc. now owns 6,585,230 shares of the construction company’s stock worth $158,111,000 after buying an additional 2,239,679 shares during the last quarter. FMR LLC lifted its position in Taylor Morrison Home by 12.8% in the second quarter. FMR LLC now owns 6,566,150 shares of the construction company’s stock worth $157,654,000 after buying an additional 744,914 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Taylor Morrison Home by 76.7% in the second quarter. Dimensional Fund Advisors LP now owns 3,501,577 shares of the construction company’s stock worth $84,072,000 after buying an additional 1,519,523 shares during the last quarter. Finally, Greenhaven Associates Inc. lifted its position in Taylor Morrison Home by 94.9% in the third quarter. Greenhaven Associates Inc. now owns 2,526,244 shares of the construction company’s stock worth $55,704,000 after buying an additional 1,229,844 shares during the last quarter. Hedge funds and other institutional investors own 59.19% of the company’s stock.

Shares of Taylor Morrison Home Corporation (NYSE TMHC) traded down $0.49 on Wednesday, reaching $23.66. The company had a trading volume of 675,000 shares, compared to its average volume of 1,140,878. The company has a market capitalization of $2,850.00, a P/E ratio of 12.98, a PEG ratio of 1.10 and a beta of 1.47. Taylor Morrison Home Corporation has a 12 month low of $18.26 and a 12 month high of $24.79. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.81 and a current ratio of 6.85.

Taylor Morrison Home (NYSE:TMHC) last released its earnings results on Wednesday, November 1st. The construction company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $908.00 million for the quarter, compared to analyst estimates of $914.19 million. During the same quarter last year, the firm posted $0.49 earnings per share. The business’s revenue was up 6.4% compared to the same quarter last year. sell-side analysts anticipate that Taylor Morrison Home Corporation will post 1.84 EPS for the current year.

In other Taylor Morrison Home news, insider C. David Cone sold 35,000 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $23.79, for a total value of $832,650.00. Following the sale, the insider now owns 42,511 shares in the company, valued at $1,011,336.69. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 2.40% of the company’s stock.

A number of analysts recently issued reports on the company. BidaskClub upgraded Taylor Morrison Home from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. B. Riley restated a “neutral” rating on shares of Taylor Morrison Home in a research report on Thursday, November 2nd. Finally, ValuEngine downgraded Taylor Morrison Home from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 2nd. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $24.00.

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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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