Barclays PLC Purchases 167,735 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Barclays PLC boosted its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 66.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 420,419 shares of the construction company's stock after purchasing an additional 167,735 shares during the period. Barclays PLC owned about 0.41% of Taylor Morrison Home worth $29,539,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. State Street Corp lifted its position in shares of Taylor Morrison Home by 2.8% during the 3rd quarter. State Street Corp now owns 4,987,968 shares of the construction company's stock worth $350,455,000 after buying an additional 136,432 shares during the last quarter. Principal Financial Group Inc. raised its stake in Taylor Morrison Home by 3.5% during the third quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company's stock worth $144,144,000 after acquiring an additional 69,222 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Taylor Morrison Home by 26.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,362,020 shares of the construction company's stock worth $95,696,000 after acquiring an additional 282,227 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of Taylor Morrison Home by 2.5% in the 3rd quarter. Fisher Asset Management LLC now owns 1,151,977 shares of the construction company's stock valued at $80,938,000 after purchasing an additional 28,166 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Taylor Morrison Home by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,066,470 shares of the construction company's stock valued at $59,125,000 after purchasing an additional 4,638 shares during the last quarter. Institutional investors and hedge funds own 95.16% of the company's stock.

Wall Street Analysts Forecast Growth

TMHC has been the subject of several research reports. Royal Bank of Canada increased their price objective on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. BTIG Research raised their price objective on Taylor Morrison Home from $78.00 to $86.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Raymond James restated an "outperform" rating and set a $84.00 price objective (up previously from $81.00) on shares of Taylor Morrison Home in a research report on Tuesday, October 29th. StockNews.com upgraded Taylor Morrison Home from a "hold" rating to a "buy" rating in a research report on Thursday, October 24th. Finally, Barclays raised Taylor Morrison Home from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $75.00 to $90.00 in a research note on Wednesday. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Taylor Morrison Home currently has an average rating of "Moderate Buy" and an average target price of $85.33.

Insider Buying and Selling

In related news, Director William H. Lyon sold 24,284 shares of the company'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 transaction, the director now directly owns 2,045,316 shares of the company's stock, valued at approximately $152,294,229.36. This represents a 1.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Darrell Sherman sold 26,757 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $70.00, for a total value of $1,872,990.00. Following the completion of the transaction, the executive vice president now owns 109,217 shares in the company, valued at approximately $7,645,190. This represents a 19.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 128,621 shares of company stock valued at $9,164,869 over the last 90 days. Company insiders own 3.50% of the company's stock.

Taylor Morrison Home Trading Down 3.6 %

NYSE:TMHC traded down $2.45 during trading hours on Friday, hitting $64.72. 673,652 shares of the company were exchanged, compared to its average volume of 792,800. The stock has a market capitalization of $6.70 billion, a price-to-earnings ratio of 8.56 and a beta of 1.97. The company has a fifty day simple moving average of $69.82 and a 200 day simple moving average of $64.81. The company has a current ratio of 6.24, a quick ratio of 0.69 and a debt-to-equity ratio of 0.37. Taylor Morrison Home Co. has a one year low of $49.98 and a one year high of $75.49.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.37 earnings per share for the quarter, topping analysts' consensus estimates of $2.06 by $0.31. The firm had revenue of $2.12 billion during 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 business's revenue was up 26.6% compared to the same quarter last year. During the same period last year, the business posted $1.62 EPS. Sell-side analysts expect that Taylor Morrison Home Co. will post 8.44 EPS for the current fiscal year.

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.