Taylor Morrison Home Co. (NYSE:TMHC) Shares Sold by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. cut its holdings in Taylor Morrison Home Co. (NYSE:TMHC) by 0.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,676,390 shares of the construction company’s stock after selling 10,671 shares during the period. Taylor Morrison Home makes up approximately 3.7% of Donald Smith & CO. Inc.’s investment portfolio, making the stock its 6th largest position. Donald Smith & CO. Inc. owned about 2.49% of Taylor Morrison Home worth $142,785,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. IFP Advisors Inc lifted its stake in shares of Taylor Morrison Home by 138.9% in the third quarter. IFP Advisors Inc now owns 614 shares of the construction company’s stock worth $26,000 after acquiring an additional 357 shares during the period. Daiwa Securities Group Inc. bought a new position in shares of Taylor Morrison Home in the fourth quarter valued at approximately $48,000. Headlands Technologies LLC purchased a new position in Taylor Morrison Home during the 4th quarter worth $81,000. CWM LLC grew its position in Taylor Morrison Home by 17.2% in the 4th quarter. CWM LLC now owns 1,804 shares of the construction company’s stock worth $96,000 after purchasing an additional 265 shares in the last quarter. Finally, Neo Ivy Capital Management purchased a new stake in shares of Taylor Morrison Home during the third quarter valued at approximately $108,000. Institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Stock Performance

Shares of NYSE:TMHC traded up $0.14 during trading on Monday, reaching $57.70. 808,930 shares of the company’s stock traded hands, compared to its average volume of 769,547. The company has a debt-to-equity ratio of 0.38, a current ratio of 6.00 and a quick ratio of 1.13. Taylor Morrison Home Co. has a 12 month low of $37.23 and a 12 month high of $62.64. The company has a 50 day moving average of $57.49 and a 200-day moving average of $51.43. The stock has a market capitalization of $6.14 billion, a P/E ratio of 8.25 and a beta of 1.87.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings data on Wednesday, February 14th. The construction company reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.23. Taylor Morrison Home had a net margin of 10.37% and a return on equity of 16.21%. The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the prior year, the business earned $2.93 EPS. The company’s revenue for the quarter was down 19.0% compared to the same quarter last year. On average, equities analysts expect that Taylor Morrison Home Co. will post 7.29 EPS for the current year.

Insider Activity

In related news, CAO Joseph Terracciano sold 724 shares of Taylor Morrison Home stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $55.87, for a total transaction of $40,449.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Curtis Vanhyfte sold 9,874 shares of Taylor Morrison Home stock in a transaction on Friday, March 1st. The stock was sold at an average price of $57.70, for a total transaction of $569,729.80. Following the completion of the sale, the chief financial officer now owns 7,765 shares of the company’s stock, valued at $448,040.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Joseph Terracciano sold 724 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $55.87, for a total value of $40,449.88. The disclosure for this sale can be found here. In the last quarter, insiders have sold 613,537 shares of company stock valued at $36,409,767. 5.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on TMHC shares. Seaport Res Ptn downgraded shares of Taylor Morrison Home from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. Royal Bank of Canada boosted their price objective on shares of Taylor Morrison Home from $57.00 to $61.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. Zelman & Associates raised Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a report on Friday, April 12th. Barclays boosted their target price on Taylor Morrison Home from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 15th. Finally, StockNews.com cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $57.20.

About Taylor Morrison Home

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.