Alliancebernstein L.P. Sells 5,400 Shares of Taylor Morrison (TMHC)

Alliancebernstein L.P. lessened its stake in shares of Taylor Morrison (NYSE:TMHC) by 5.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 90,400 shares of the construction company’s stock after selling 5,400 shares during the period. Alliancebernstein L.P. owned 0.08% of Taylor Morrison worth $2,212,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Dean Capital Investments Management LLC bought a new position in shares of Taylor Morrison in the fourth quarter worth about $218,000. Optimum Investment Advisors bought a new position in shares of Taylor Morrison in the third quarter worth about $225,000. Amalgamated Bank bought a new position in shares of Taylor Morrison in the fourth quarter worth about $270,000. Nordea Investment Management AB boosted its stake in shares of Taylor Morrison by 66.3% in the third quarter. Nordea Investment Management AB now owns 13,300 shares of the construction company’s stock worth $293,000 after acquiring an additional 5,300 shares during the period. Finally, First Trust Advisors LP bought a new position in shares of Taylor Morrison in the fourth quarter worth about $379,000. 73.07% of the stock is owned by institutional investors and hedge funds.

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In other Taylor Morrison news, insider Group Holdings (Sbs) Advis Tpg sold 1,499,732 shares of the company’s stock in a transaction that occurred 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Joseph Terracciano sold 5,788 shares of the company’s stock in a transaction that occurred 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 owns 4,168 shares in the company, valued at $99,906.96. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by insiders.

NYSE:TMHC opened at $23.34 on Monday. The company has a current ratio of 7.73, a quick ratio of 1.55 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $2,616.76, a P/E ratio of 11.79, a PEG ratio of 0.75 and a beta of 1.42. Taylor Morrison has a 12 month low of $19.68 and a 12 month high of $28.42.

Taylor Morrison (NYSE:TMHC) last posted its earnings results on Wednesday, February 7th. The construction company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.07. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. Taylor Morrison had a return on equity of 5.76% and a net margin of 2.36%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.63 earnings per share. equities research analysts anticipate that Taylor Morrison will post 2.61 EPS for the current year.

Taylor Morrison announced that its Board of Directors has initiated a share repurchase plan on Wednesday, January 3rd that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the construction company to purchase shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.

TMHC has been the subject of a number of recent analyst reports. Citigroup raised Taylor Morrison from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Tuesday, January 2nd. UBS raised Taylor Morrison from a “neutral” rating to a “positive” rating in a research note on Thursday, January 4th. Susquehanna Bancshares raised Taylor Morrison from a “neutral” rating to a “positive” rating in a research note on Thursday, January 4th. Wells Fargo raised Taylor Morrison from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a research note on Friday, January 5th. Finally, Zacks Investment Research lowered Taylor Morrison from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $28.00.

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About Taylor Morrison

Taylor Morrison Home Corporation operates as a public homebuilder in the United States. The company designs, builds, and sells single-family detached and attached 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 (NYSE:TMHC)

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