Allianz Asset Management GmbH Increases Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

Allianz Asset Management GmbH increased its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 9.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 578,746 shares of the construction company's stock after purchasing an additional 48,358 shares during the period. Allianz Asset Management GmbH owned 0.56% of Taylor Morrison Home worth $35,425,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Creative Planning lifted its holdings 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 purchasing an additional 9,408 shares during the period. Raymond James & Associates lifted its stake in shares of Taylor Morrison Home by 8.4% in the 3rd quarter. Raymond James & Associates now owns 62,313 shares of the construction company's stock worth $4,378,000 after acquiring an additional 4,822 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Taylor Morrison Home by 6,926.2% in the third quarter. International Assets Investment Management LLC now owns 10,188 shares of the construction company's stock valued at $716,000 after acquiring an additional 10,043 shares in the last quarter. Ballentine Partners LLC acquired a new position in shares of Taylor Morrison Home during the third quarter worth about $202,000. Finally, Highland Capital Management LLC raised its holdings in Taylor Morrison Home by 11.3% during the third quarter. Highland Capital Management LLC now owns 4,250 shares of the construction company's stock worth $299,000 after purchasing an additional 431 shares in the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on TMHC shares. Barclays raised Taylor Morrison Home from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $75.00 to $90.00 in a report on Wednesday, December 11th. Seaport Res Ptn lowered shares of Taylor Morrison Home from a "hold" rating to a "strong sell" rating in a research report on Monday, January 27th. JPMorgan Chase & Co. cut their price target on shares of Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating for the company in a report on Tuesday, February 18th. StockNews.com downgraded shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Wednesday, January 8th. Finally, Royal Bank of Canada increased their target price on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $82.43.

Insiders Place Their Bets

In related news, Director David C. Merritt sold 2,402 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total value of $153,679.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.50% of the company's stock.

Taylor Morrison Home Price Performance

TMHC stock traded down $1.13 during trading on Thursday, hitting $61.17. The stock had a trading volume of 911,829 shares, compared to its average volume of 1,021,945. The stock has a market cap of $6.33 billion, a price-to-earnings ratio of 7.39 and a beta of 2.03. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.94 and a current ratio of 6.39. The company's 50 day moving average price is $62.87 and its two-hundred day moving average price is $66.32. Taylor Morrison Home Co. has a 1-year low of $53.17 and a 1-year high of $75.49.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The construction company reported $2.64 earnings per share for the quarter, beating 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%. On average, sell-side analysts forecast that Taylor Morrison Home Co. will post 8.93 EPS for the current fiscal year.

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.