27,497 Shares in Taylor Morrison Home Co. (NYSE:TMHC) Bought by NFJ Investment Group LLC

NFJ Investment Group LLC acquired a new position in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 27,497 shares of the construction company's stock, valued at approximately $1,932,000.

Several other institutional investors also recently bought and sold shares of the company. Forum Financial Management LP increased its holdings in Taylor Morrison Home by 3.9% during the second quarter. Forum Financial Management LP now owns 4,430 shares of the construction company's stock valued at $246,000 after buying an additional 165 shares during the period. Resonant Capital Advisors LLC increased its holdings in shares of Taylor Morrison Home by 2.1% in the 3rd quarter. Resonant Capital Advisors LLC now owns 9,103 shares of the construction company's stock valued at $640,000 after acquiring an additional 191 shares during the period. TCW Group Inc. raised its position in shares of Taylor Morrison Home by 0.4% in the 2nd quarter. TCW Group Inc. now owns 52,193 shares of the construction company's stock worth $2,894,000 after acquiring an additional 213 shares in the last quarter. Captrust Financial Advisors lifted its stake in shares of Taylor Morrison Home by 2.9% during the 3rd quarter. Captrust Financial Advisors now owns 8,340 shares of the construction company's stock worth $586,000 after purchasing an additional 234 shares during the last quarter. Finally, Arizona State Retirement System lifted its stake in shares of Taylor Morrison Home by 0.9% during the 2nd quarter. Arizona State Retirement System now owns 29,795 shares of the construction company's stock worth $1,652,000 after purchasing an additional 266 shares during the last quarter. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Taylor Morrison Home Stock Performance

Shares of TMHC stock traded down $1.14 during trading hours on Thursday, hitting $69.28. The company's stock had a trading volume of 953,574 shares, compared to its average volume of 795,227. The stock has a market cap of $7.17 billion, a PE ratio of 9.16 and a beta of 1.97. Taylor Morrison Home Co. has a 12-month low of $46.55 and a 12-month high of $75.49. The company has a 50 day moving average of $70.04 and a 200 day moving average of $64.41. The company has a current ratio of 6.24, a quick ratio of 0.69 and a debt-to-equity ratio of 0.37.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The construction company reported $2.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.06 by $0.31. The company had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $1.96 billion. Taylor Morrison Home had a net margin of 10.39% and a return on equity of 15.91%. The firm's quarterly revenue was up 26.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.62 earnings per share. On average, sell-side analysts forecast that Taylor Morrison Home Co. will post 8.44 EPS for the current fiscal year.

Insider Transactions 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 on Wednesday, October 30th. The shares were sold at an average price of $70.50, for a total value of $4,824,526.50. Following the completion of the transaction, the executive vice president now owns 109,217 shares of the company's stock, valued at approximately $7,699,798.50. The trade was a 38.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William H. Lyon sold 24,284 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $74.46, for a total transaction of $1,808,186.64. Following the sale, the director now directly owns 2,045,316 shares in the company, valued at approximately $152,294,229.36. The trade was a 1.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 128,621 shares of company stock worth $9,164,869 over the last quarter. 3.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Zelman & Associates upgraded shares of Taylor Morrison Home from a "neutral" rating to an "outperform" rating in a report on Monday, August 12th. Wedbush raised shares of Taylor Morrison Home from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from $65.00 to $85.00 in a research report on Friday, October 25th. Barclays increased their target price on shares of Taylor Morrison Home from $72.00 to $75.00 and gave the company an "equal weight" rating in a research report on Thursday, October 24th. BTIG Research raised their target price on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Finally, Royal Bank of Canada upped their price target 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. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $77.33.

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.