Barclays PLC Purchases 178,035 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Barclays PLC increased its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 42.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 598,454 shares of the construction company's stock after purchasing an additional 178,035 shares during the quarter. Barclays PLC owned 0.58% of Taylor Morrison Home worth $36,630,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Norges Bank purchased a new position in shares of Taylor Morrison Home during the 4th quarter worth $93,810,000. Boston Partners raised its holdings in Taylor Morrison Home by 88.7% in the 4th 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 during the period. JPMorgan Chase & Co. raised its holdings in Taylor Morrison Home by 24.0% in the 4th quarter. JPMorgan Chase & Co. now owns 811,253 shares of the construction company's stock worth $49,657,000 after purchasing an additional 156,793 shares during the period. World Investment Advisors LLC purchased a new position in Taylor Morrison Home during the third quarter valued at $10,291,000. Finally, Trexquant Investment LP bought a new stake in Taylor Morrison Home during the fourth quarter valued at about $6,928,000. 95.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on TMHC shares. StockNews.com downgraded Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Seaport Res Ptn raised shares of Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a report on Thursday, March 6th. BTIG Research set a $75.00 price target on shares of Taylor Morrison Home and gave the stock a "buy" rating in a research report on Wednesday, April 16th. Wedbush restated an "outperform" rating and set a $85.00 price objective on shares of Taylor Morrison Home in a research report on Wednesday. Finally, Royal Bank of Canada upped their target price on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Taylor Morrison Home currently has a consensus rating of "Moderate Buy" and a consensus price target of $78.00.

Taylor Morrison Home Price Performance

TMHC traded up $0.45 during trading on Wednesday, hitting $59.24. 430,884 shares of the company traded hands, compared to its average volume of 893,111. The company has a current ratio of 6.39, a quick ratio of 0.94 and a debt-to-equity ratio of 0.36. The company has a market cap of $6.03 billion, a PE ratio of 7.15 and a beta of 1.76. The stock's 50-day simple moving average is $59.50 and its two-hundred day simple moving average is $64.14. Taylor Morrison Home Co. has a 1 year low of $51.90 and a 1 year high of $75.49.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The construction company reported $2.18 earnings per share for the quarter, beating analysts' consensus estimates of $1.85 by $0.33. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. As a group, sell-side analysts anticipate that Taylor Morrison Home Co. will post 8.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Joseph Terracciano sold 1,537 shares of Taylor Morrison Home stock in a transaction dated 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 Securities & Exchange Commission, which is available at this link. Also, Director David C. Merritt sold 2,402 shares of the company'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 disclosure for this sale can be found here. 1.40% of the stock is currently owned by company insiders.

About Taylor Morrison Home

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.