Taylor Morrison Home Corporation (TMHC) Shares Sold by AMP Capital Investors Ltd

AMP Capital Investors Ltd decreased its position in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 35.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,413 shares of the construction company’s stock after selling 5,828 shares during the period. AMP Capital Investors Ltd’s holdings in Taylor Morrison Home were worth $230,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Taylor Morrison Home by 72.8% during the second quarter. Vanguard Group Inc. now owns 7,031,797 shares of the construction company’s stock valued at $168,834,000 after purchasing an additional 2,962,990 shares in the last quarter. BlackRock Inc. grew its position in shares of Taylor Morrison Home by 51.5% during the second quarter. BlackRock Inc. now owns 6,585,230 shares of the construction company’s stock valued at $158,111,000 after purchasing an additional 2,239,679 shares in the last quarter. FMR LLC grew its position in shares of Taylor Morrison Home by 12.8% during the second quarter. FMR LLC now owns 6,566,150 shares of the construction company’s stock valued at $157,654,000 after purchasing an additional 744,914 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Taylor Morrison Home by 31.1% during the third quarter. Dimensional Fund Advisors LP now owns 4,591,375 shares of the construction company’s stock valued at $101,239,000 after purchasing an additional 1,089,798 shares in the last quarter. Finally, Greenhaven Associates Inc. grew its position in shares of Taylor Morrison Home by 94.9% during the third quarter. Greenhaven Associates Inc. now owns 2,526,244 shares of the construction company’s stock valued at $55,704,000 after purchasing an additional 1,229,844 shares in the last quarter. Hedge funds and other institutional investors own 59.08% of the company’s stock.

Taylor Morrison Home Corporation (NYSE:TMHC) opened at $24.28 on Friday. The company has a market capitalization of $2,913.60, a PE ratio of 13.20, a P/E/G 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 current ratio of 6.85 and a quick ratio of 0.81.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings results on Wednesday, November 1st. The construction company reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.04. The company had revenue of $908.00 million during the quarter, compared to analyst estimates of $914.19 million. Taylor Morrison Home had a return on equity of 4.18% and a net margin of 2.41%. The firm’s revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the business posted $0.49 earnings per share. analysts expect that Taylor Morrison Home Corporation will post 1.84 EPS for the current year.

TMHC has been the subject of several recent research reports. ValuEngine lowered Taylor Morrison Home from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 2nd. BidaskClub upgraded Taylor Morrison Home from a “hold” rating to a “buy” rating in a research report on Wednesday, October 4th. Finally, B. Riley reiterated a “neutral” rating on shares of Taylor Morrison Home in a research report on Thursday, November 2nd. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $24.75.

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

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Taylor Morrison Home Company Profile

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).

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

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