Financial Enhancement Group LLC Purchases Shares of 95,334 Taylor Morrison Home Co. (NYSE:TMHC)

Financial Enhancement Group LLC acquired a new stake in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 95,334 shares of the construction company's stock, valued at approximately $5,840,000. Financial Enhancement Group LLC owned 0.09% of Taylor Morrison Home at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in TMHC. V Square Quantitative Management LLC bought a new position in shares of Taylor Morrison Home in the 3rd quarter worth about $29,000. Harbor Capital Advisors Inc. bought a new position in shares of Taylor Morrison Home in the 3rd quarter worth about $34,000. UMB Bank n.a. increased its stake in shares of Taylor Morrison Home by 263.9% in the 3rd quarter. UMB Bank n.a. now owns 535 shares of the construction company's stock worth $38,000 after acquiring an additional 388 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Taylor Morrison Home by 43.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company's stock worth $49,000 after acquiring an additional 243 shares in the last quarter. Finally, Peterson Financial Group Inc. bought a new position in shares of Taylor Morrison Home in the 3rd quarter worth about $62,000. 95.16% of the stock is owned by hedge funds and other institutional investors.

Taylor Morrison Home Stock Performance

Shares of NYSE TMHC traded up $0.90 during trading on Thursday, reaching $66.31. 1,047,114 shares of the company traded hands, compared to its average volume of 866,091. The firm has a 50 day simple moving average of $66.38 and a 200-day simple moving average of $65.72. 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 stock has a market capitalization of $6.86 billion, a PE ratio of 8.77 and a beta of 2.01. Taylor Morrison Home Co. has a 52-week low of $50.68 and a 52-week high of $75.49.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last announced its quarterly 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 firm had revenue of $2.12 billion for 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 business's quarterly revenue was up 26.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.62 EPS. Equities research analysts anticipate that Taylor Morrison Home Co. will post 8.44 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Darrell Sherman sold 26,757 shares of the firm's stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $70.00, for a total value of $1,872,990.00. Following the transaction, the executive vice president now owns 109,217 shares of the company's stock, valued at approximately $7,645,190. This trade represents a 19.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William H. Lyon sold 24,284 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 128,549 shares of company stock valued at $9,159,829. 3.50% of the stock is owned by insiders.

Analyst Ratings Changes

TMHC has been the subject of several research reports. StockNews.com lowered shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note on Wednesday, January 8th. JPMorgan Chase & Co. reduced their price objective on shares of Taylor Morrison Home from $101.00 to $90.00 and set an "overweight" rating for the company in a research note on Friday, December 13th. Wedbush upgraded shares of Taylor Morrison Home from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $65.00 to $85.00 in a research note on Friday, October 25th. Barclays upgraded shares of Taylor Morrison Home from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $75.00 to $90.00 in a research note on Wednesday, December 11th. Finally, Wolfe Research upgraded shares of Taylor Morrison Home from a "peer perform" rating to an "outperform" rating and set a $76.00 price objective for the company in a research note on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Taylor Morrison Home currently has an average rating of "Moderate Buy" and an average price target of $84.00.

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.