Alliancebernstein L.P. Has $107.54 Million Position in Taylor Morrison Home Co. (NYSE:TMHC)

Alliancebernstein L.P. decreased its position in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 20.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,756,844 shares of the construction company's stock after selling 458,747 shares during the quarter. Alliancebernstein L.P. owned about 1.70% of Taylor Morrison Home worth $107,536,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in TMHC. Norges Bank acquired a new position in shares of Taylor Morrison Home during the 4th quarter worth $93,810,000. Boston Partners boosted its holdings in Taylor Morrison Home by 88.7% in the fourth quarter. Boston Partners now owns 594,347 shares of the construction company's stock worth $36,794,000 after purchasing an additional 279,361 shares in the last quarter. Barclays PLC increased its position in Taylor Morrison Home by 66.4% during the third quarter. Barclays PLC now owns 420,419 shares of the construction company's stock worth $29,539,000 after buying an additional 167,735 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Taylor Morrison Home by 24.0% during the fourth quarter. JPMorgan Chase & Co. now owns 811,253 shares of the construction company's stock valued at $49,657,000 after buying an additional 156,793 shares in the last quarter. Finally, World Investment Advisors LLC acquired a new stake in shares of Taylor Morrison Home in the third quarter worth about $10,291,000. Institutional investors and hedge funds own 95.16% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on TMHC. Barclays raised Taylor Morrison Home from an "equal weight" rating to an "overweight" rating and increased their price objective 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 price target on the stock in a report on Wednesday, January 8th. JPMorgan Chase & Co. reduced their price objective on shares of Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating for the company in a research note on Tuesday, February 18th. StockNews.com lowered shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada boosted their target price on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $82.43.

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Taylor Morrison Home Stock Performance

Shares of NYSE:TMHC traded down $1.90 on Monday, hitting $57.52. 350,413 shares of the company were exchanged, compared to its average volume of 878,856. The company's 50 day moving average price is $61.81 and its two-hundred day moving average price is $65.41. The firm has a market capitalization of $5.85 billion, a price-to-earnings ratio of 6.97 and a beta of 1.76. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.94 and a current ratio of 6.39. Taylor Morrison Home Co. has a one year low of $53.17 and a one year high of $75.49.

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

Insider Buying and Selling

In other news, CAO Joseph Terracciano sold 1,537 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total value of $93,372.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director David C. Merritt sold 2,402 shares of the business's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total value 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 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.