Assenagon Asset Management S.A. Trims Stock Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

Assenagon Asset Management S.A. cut its position in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 43.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 506,189 shares of the construction company's stock after selling 389,843 shares during the quarter. Assenagon Asset Management S.A. owned about 0.49% of Taylor Morrison Home worth $30,984,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its position in shares of Taylor Morrison Home by 44.4% during the second quarter. Envestnet Asset Management Inc. now owns 143,303 shares of the construction company's stock valued at $7,945,000 after buying an additional 44,090 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Taylor Morrison Home by 10.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 28,162 shares of the construction company's stock valued at $1,561,000 after acquiring an additional 2,588 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in shares of Taylor Morrison Home by 9.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 17,925 shares of the construction company's stock worth $994,000 after acquiring an additional 1,481 shares during the period. Hsbc Holdings PLC raised its holdings in shares of Taylor Morrison Home by 212.5% during the second quarter. Hsbc Holdings PLC now owns 31,780 shares of the construction company's stock valued at $1,768,000 after purchasing an additional 21,611 shares during the last quarter. Finally, Seven Eight Capital LP bought a new position in Taylor Morrison Home during the second quarter valued at approximately $734,000. 95.16% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Taylor Morrison Home

In related news, EVP Darrell Sherman sold 68,433 shares of the firm's stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $70.50, for a total value of $4,824,526.50. Following the completion of the sale, the executive vice president now directly owns 109,217 shares in the company, valued at $7,699,798.50. This trade represents a 38.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William H. Lyon sold 9,075 shares of the business's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $72.08, for a total transaction of $654,126.00. Following the transaction, the director now owns 2,136,241 shares in the company, valued at $153,980,251.28. This trade represents a 0.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 128,549 shares of company stock valued at $9,159,829 over the last 90 days. 3.50% of the stock is owned by corporate insiders.

Taylor Morrison Home Price Performance

Shares of Taylor Morrison Home stock traded down $0.67 during trading on Friday, reaching $65.71. 916,868 shares of the stock traded hands, compared to its average volume of 870,706. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.24 and a quick ratio of 0.69. The company has a market capitalization of $6.80 billion, a price-to-earnings ratio of 8.69 and a beta of 2.01. Taylor Morrison Home Co. has a 52-week low of $50.99 and a 52-week high of $75.49. The business has a fifty day simple moving average of $66.12 and a two-hundred day simple moving average of $65.81.

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

Analyst Ratings Changes

TMHC has been the topic of a number of recent research reports. Raymond James reissued an "outperform" rating and issued a $84.00 target price (up previously from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th. StockNews.com downgraded shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a research report on Wednesday, January 8th. BTIG Research upped their price objective on Taylor Morrison Home from $78.00 to $86.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. lowered their target price on Taylor Morrison Home from $101.00 to $90.00 and set an "overweight" rating on the stock in a research report on Friday, December 13th. Finally, Royal Bank of Canada raised their price objective on Taylor Morrison Home from $74.00 to $77.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $84.00.

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.