17,006 Shares in Taylor Morrison Home Co. (NYSE:TMHC) Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 17,006 shares of the construction company's stock, valued at approximately $1,195,000.

A number of other hedge funds have also modified their holdings of the business. MQS Management LLC purchased a new stake in Taylor Morrison Home in the third quarter valued at approximately $768,000. Janus Henderson Group PLC boosted its position in Taylor Morrison Home by 22.3% in the 1st quarter. Janus Henderson Group PLC now owns 76,608 shares of the construction company's stock valued at $4,761,000 after buying an additional 13,987 shares during the period. Wedge Capital Management L L P NC grew its stake in shares of Taylor Morrison Home by 1,910.4% in the second quarter. Wedge Capital Management L L P NC now owns 727,919 shares of the construction company's stock worth $40,356,000 after acquiring an additional 691,711 shares in the last quarter. Creative Planning increased its position in shares of Taylor Morrison Home by 46.3% during the third quarter. Creative Planning now owns 29,723 shares of the construction company's stock worth $2,088,000 after acquiring an additional 9,408 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Taylor Morrison Home by 18.5% in the second quarter. Allspring Global Investments Holdings LLC now owns 786,249 shares of the construction company's stock valued at $43,590,000 after acquiring an additional 122,864 shares in the last quarter. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Taylor Morrison Home

In other Taylor Morrison Home news, EVP Darrell Sherman sold 68,433 shares of Taylor Morrison Home stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $70.50, for a total transaction of $4,824,526.50. Following the completion of the transaction, the executive vice president now owns 109,217 shares in the company, valued at approximately $7,699,798.50. The trade was a 38.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director William H. Lyon sold 9,075 shares of Taylor Morrison Home stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $72.08, for a total value of $654,126.00. Following the transaction, the director now owns 2,136,241 shares of the company's stock, valued at $153,980,251.28. This represents a 0.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,337 shares of company stock worth $7,356,683 over the last 90 days. Company insiders own 3.50% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on TMHC shares. StockNews.com raised shares of Taylor Morrison Home from a "hold" rating to a "buy" rating in a research report on Thursday, October 24th. Raymond James reissued an "outperform" rating and issued a $84.00 target price (up previously from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th. BTIG Research lifted their price target on Taylor Morrison Home from $78.00 to $86.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Royal Bank of Canada upped their price objective on Taylor Morrison Home from $74.00 to $77.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Finally, Barclays raised their target price on Taylor Morrison Home from $72.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $77.33.

Taylor Morrison Home Price Performance

Shares of NYSE:TMHC opened at $74.11 on Wednesday. The company has a quick ratio of 0.69, a current ratio of 6.24 and a debt-to-equity ratio of 0.37. The company has a 50-day moving average price of $69.65 and a 200 day moving average price of $63.87. Taylor Morrison Home Co. has a 52 week low of $44.32 and a 52 week high of $75.49. The company has a market cap of $7.67 billion, a P/E ratio of 9.80 and a beta of 1.96.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.06 by $0.31. The firm had revenue of $2.12 billion during the quarter, compared to analysts' expectations of $1.96 billion. Taylor Morrison Home had a return on equity of 15.91% and a net margin of 10.39%. Taylor Morrison Home's revenue was up 26.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.62 earnings per share. Research analysts predict that Taylor Morrison Home Co. will post 8.44 earnings per share for the current year.

Taylor Morrison Home Company 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.