NBC Securities Inc. Sells 1,195 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

NBC Securities Inc. lowered its position in Taylor Morrison Home Co. (NYSE:TMHC) by 9.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 10,845 shares of the construction company’s stock after selling 1,195 shares during the period. NBC Securities Inc.’s holdings in Taylor Morrison Home were worth $761,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Wedge Capital Management L L P NC boosted its stake in Taylor Morrison Home by 1,910.4% in the 2nd quarter. Wedge Capital Management L L P NC now owns 727,919 shares of the construction company’s stock worth $40,356,000 after purchasing an additional 691,711 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Taylor Morrison Home by 4,586.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 663,385 shares of the construction company’s stock worth $41,243,000 after purchasing an additional 649,230 shares during the period. Lord Abbett & CO. LLC boosted its stake in Taylor Morrison Home by 203.0% in the 1st quarter. Lord Abbett & CO. LLC now owns 440,717 shares of the construction company’s stock worth $27,400,000 after purchasing an additional 295,256 shares during the period. BNP Paribas Financial Markets boosted its stake in Taylor Morrison Home by 127.6% in the 1st quarter. BNP Paribas Financial Markets now owns 203,435 shares of the construction company’s stock worth $12,648,000 after purchasing an additional 114,034 shares during the period. Finally, EMG Holdings L.P. acquired a new position in Taylor Morrison Home in the 2nd quarter worth $6,098,000. Institutional investors own 95.16% of the company’s stock.

Insider Activity at Taylor Morrison Home

In other Taylor Morrison Home news, Director William H. Lyon sold 28,259 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $68.25, for a total value of $1,928,676.75. Following the transaction, the director now directly owns 2,197,057 shares of the company’s stock, valued at $149,949,140.25. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Taylor Morrison Home news, Director William H. Lyon sold 28,259 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $68.25, for a total value of $1,928,676.75. Following the transaction, the director now directly owns 2,197,057 shares of the company’s stock, valued at $149,949,140.25. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William H. Lyon sold 1,741 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $68.03, for a total transaction of $118,440.23. Following the completion of the transaction, the director now directly owns 2,195,316 shares in the company, valued at approximately $149,347,347.48. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,072 shares of company stock worth $2,052,157. Insiders own 3.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Barclays upped their target price on shares of Taylor Morrison Home from $62.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 25th. StockNews.com downgraded shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Raymond James started coverage on shares of Taylor Morrison Home in a research note on Wednesday, July 24th. They set an “outperform” rating and a $75.00 price objective for the company. Royal Bank of Canada increased their price objective on shares of Taylor Morrison Home from $63.00 to $74.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Finally, BTIG Research upgraded shares of Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $78.00 price objective for the company in a research note on Monday, August 19th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.17.

Taylor Morrison Home Trading Up 2.7 %

Shares of NYSE:TMHC opened at $70.85 on Thursday. Taylor Morrison Home Co. has a 52-week low of $37.23 and a 52-week high of $71.95. The company has a market capitalization of $7.39 billion, a P/E ratio of 10.53 and a beta of 1.96. The company has a 50-day simple moving average of $66.52 and a 200 day simple moving average of $61.23. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.67 and a current ratio of 6.01.

Taylor Morrison Home (NYSE:TMHC) last issued its earnings results on Wednesday, July 24th. The construction company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.06. Taylor Morrison Home had a net margin of 9.92% and a return on equity of 14.99%. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.87 billion. Sell-side analysts forecast that Taylor Morrison Home Co. will post 8.15 earnings per share for the current year.

Taylor Morrison Home 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.