Taylor Morrison Home Corp (NYSE:TMHC) Position Trimmed by Barrow Hanley Mewhinney & Strauss LLC
Barrow Hanley Mewhinney & Strauss LLC lessened its stake in shares of Taylor Morrison Home Corp (NYSE:TMHC) by 4.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 273,870 shares of the construction company’s stock after selling 14,242 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned about 0.23% of Taylor Morrison Home worth $6,702,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New York State Common Retirement Fund boosted its stake in Taylor Morrison Home by 88.8% during the 2nd quarter. New York State Common Retirement Fund now owns 95,990 shares of the construction company’s stock valued at $2,305,000 after purchasing an additional 45,149 shares during the period. UBS Asset Management Americas Inc. boosted its stake in Taylor Morrison Home by 34.7% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 16,300 shares of the construction company’s stock valued at $391,000 after purchasing an additional 4,200 shares during the period. Northern Trust Corp boosted its stake in Taylor Morrison Home by 47.5% during the 2nd quarter. Northern Trust Corp now owns 782,998 shares of the construction company’s stock valued at $18,800,000 after purchasing an additional 252,050 shares during the period. California Public Employees Retirement System boosted its stake in Taylor Morrison Home by 9.8% during the 2nd quarter. California Public Employees Retirement System now owns 75,900 shares of the construction company’s stock valued at $1,822,000 after purchasing an additional 6,800 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its stake in Taylor Morrison Home by 282.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 62,078 shares of the construction company’s stock valued at $1,490,000 after purchasing an additional 45,859 shares during the period. Institutional investors own 73.12% of the company’s stock.
In related news, insider Group Holdings (Sbs) Advis Tpg sold 1,499,732 shares of the firm’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $27.14, for a total transaction of $40,702,726.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Joseph Terracciano sold 5,788 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $23.97, for a total value of $138,738.36. Following the sale, the insider now directly owns 4,168 shares of the company’s stock, valued at $99,906.96. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.
Shares of Taylor Morrison Home Corp (NYSE TMHC) traded down $0.20 on Thursday, hitting $23.55. The stock had a trading volume of 719,762 shares, compared to its average volume of 1,700,000. Taylor Morrison Home Corp has a fifty-two week low of $19.68 and a fifty-two week high of $28.42. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.55 and a current ratio of 7.73. The firm has a market cap of $2,640.00, a PE ratio of 94.20, a PEG ratio of 0.77 and a beta of 1.49.
Taylor Morrison Home (NYSE:TMHC) last issued its earnings results on Wednesday, February 7th. The construction company reported $0.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.07. Taylor Morrison Home had a return on equity of 5.76% and a net margin of 2.36%. The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the prior year, the firm posted $0.63 EPS. Taylor Morrison Home’s quarterly revenue was up 8.6% compared to the same quarter last year. analysts anticipate that Taylor Morrison Home Corp will post 2.61 earnings per share for the current fiscal year.
Taylor Morrison Home announced that its board has authorized a share buyback plan on Wednesday, January 3rd that allows the company to buyback $200.00 million in shares. This buyback authorization allows the construction company to repurchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
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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).
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