Raymond James Financial Inc. Acquires New Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

Raymond James Financial Inc. purchased a new position in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 82,193 shares of the construction company's stock, valued at approximately $5,031,000. Raymond James Financial Inc. owned 0.08% of Taylor Morrison Home as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of TMHC. Natixis Advisors LLC boosted its stake in shares of Taylor Morrison Home by 14.1% during the 3rd quarter. Natixis Advisors LLC now owns 21,862 shares of the construction company's stock worth $1,536,000 after acquiring an additional 2,705 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in Taylor Morrison Home during the third quarter worth $1,195,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Taylor Morrison Home by 26.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,362,020 shares of the construction company's stock valued at $95,696,000 after purchasing an additional 282,227 shares during the last quarter. Citigroup Inc. raised its position in shares of Taylor Morrison Home by 61.7% in the third quarter. Citigroup Inc. now owns 170,960 shares of the construction company's stock valued at $12,012,000 after purchasing an additional 65,252 shares during the period. Finally, Nwam LLC acquired a new stake in shares of Taylor Morrison Home during the 3rd quarter worth about $205,000. Institutional investors and hedge funds own 95.16% of the company's stock.

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Wall Street Analysts Forecast Growth

TMHC has been the topic of several research analyst reports. Barclays raised shares of Taylor Morrison Home from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $75.00 to $90.00 in a report on Wednesday, December 11th. Wolfe Research upgraded Taylor Morrison Home from a "peer perform" rating to an "outperform" rating and set a $76.00 target price on the stock in a research note on Wednesday, January 8th. StockNews.com downgraded Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Royal Bank of Canada increased their price objective on Taylor Morrison Home from $72.00 to $74.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Finally, Seaport Res Ptn raised shares of Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research report on Thursday, March 6th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $82.43.

Taylor Morrison Home Price Performance

TMHC stock traded down $1.22 during midday trading on Friday, reaching $60.05. The company had a trading volume of 862,072 shares, compared to its average volume of 877,622. Taylor Morrison Home Co. has a 1-year low of $53.17 and a 1-year high of $75.49. The stock has a 50 day moving average price of $62.41 and a 200-day moving average price of $65.70. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.39 and a quick ratio of 0.94. The company has a market capitalization of $6.11 billion, a price-to-earnings ratio of 7.25 and a beta of 2.06.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The construction company reported $2.64 earnings per share for the quarter, topping analysts' consensus estimates of $2.40 by $0.24. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. Equities research analysts expect that Taylor Morrison Home Co. will post 8.93 earnings per share for the current year.

Insider Buying and Selling at Taylor Morrison Home

In related news, CAO Joseph Terracciano sold 1,537 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total transaction of $93,372.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director David C. Merritt sold 2,402 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total transaction of $153,679.96. The disclosure for this sale can be found here. Company insiders own 3.50% of the company's stock.

Taylor Morrison Home 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.