EJF Capital LLC Invests $314,000 in Taylor Morrison Home Corp (NYSE:TMHC)

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EJF Capital LLC acquired a new position in shares of Taylor Morrison Home Corp (NYSE:TMHC) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 15,000 shares of the construction company’s stock, valued at approximately $314,000.

Several other institutional investors also recently made changes to their positions in TMHC. GYL Financial Synergies LLC bought a new position in Taylor Morrison Home during the 1st quarter worth about $1,322,000. 361 Capital LLC acquired a new stake in Taylor Morrison Home during the second quarter worth approximately $2,614,000. GSA Capital Partners LLP acquired a new stake in Taylor Morrison Home during the second quarter worth approximately $631,000. FMR LLC lifted its position in Taylor Morrison Home by 1.6% during the first quarter. FMR LLC now owns 12,246,684 shares of the construction company’s stock worth $217,379,000 after acquiring an additional 187,769 shares during the last quarter. Finally, Pictet Asset Management Ltd. lifted its position in Taylor Morrison Home by 6.1% during the second quarter. Pictet Asset Management Ltd. now owns 662,239 shares of the construction company’s stock worth $13,881,000 after acquiring an additional 38,070 shares during the last quarter. 98.79% of the stock is owned by institutional investors and hedge funds.

A number of research firms have recently weighed in on TMHC. Wells Fargo & Co lifted their price target on shares of Taylor Morrison Home from $21.00 to $24.00 and gave the company a “market perform” rating in a research report on Thursday, August 1st. Zacks Investment Research raised shares of Taylor Morrison Home from a “hold” rating to a “strong-buy” rating and set a $26.00 price objective on the stock in a research note on Saturday, August 3rd. B. Riley raised shares of Taylor Morrison Home from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $22.00 to $26.00 in a research note on Thursday, August 1st. Wedbush reissued an “outperform” rating on shares of Taylor Morrison Home in a research note on Thursday. Finally, ValuEngine raised shares of Taylor Morrison Home from a “sell” rating to a “hold” rating in a research note on Wednesday, September 4th. Five equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $23.22.

Shares of NYSE TMHC traded up $0.32 during midday trading on Thursday, reaching $25.36. 261,666 shares of the company were exchanged, compared to its average volume of 1,334,837. The stock’s 50-day moving average price is $23.36 and its 200-day moving average price is $20.61. The stock has a market cap of $2.64 billion, a P/E ratio of 9.57, a PEG ratio of 1.65 and a beta of 0.92. Taylor Morrison Home Corp has a one year low of $14.73 and a one year high of $25.25. The company has a quick ratio of 0.60, a current ratio of 7.69 and a debt-to-equity ratio of 0.89.

Taylor Morrison Home (NYSE:TMHC) last posted its earnings results on Wednesday, July 31st. The construction company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.13. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Taylor Morrison Home had a net margin of 5.03% and a return on equity of 13.66%. The company’s revenue was up 29.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.52 earnings per share. On average, equities research analysts anticipate that Taylor Morrison Home Corp will post 2.76 EPS for the current year.

In other news, CAO Joseph Terracciano sold 12,635 shares of Taylor Morrison Home stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $24.27, for a total transaction of $306,651.45. Following the transaction, the chief accounting officer now owns 11,035 shares in the company, valued at $267,819.45. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Sheryl Palmer sold 166,042 shares of Taylor Morrison Home stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $23.52, for a total transaction of $3,905,307.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 469,489 shares of company stock worth $11,086,831. Insiders own 1.90% of the company’s stock.

About Taylor Morrison Home

Taylor Morrison Home Corporation operates as a public homebuilder in the United States. The company designs, builds, and sells single-family and multi-family attached and detached homes; and develops lifestyle and master-planned communities. It operates under the Taylor Morrison and Darling Homes brand names in Arizona, California, Colorado, Florida, Georgia, Illinois, North Carolina and Texas.

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

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