Bridgewater Associates LP Raises Stock Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

Bridgewater Associates LP lifted its stake in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 206.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,124 shares of the construction company's stock after purchasing an additional 52,649 shares during the period. Bridgewater Associates LP owned 0.08% of Taylor Morrison Home worth $4,782,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. V Square Quantitative Management LLC increased its stake in shares of Taylor Morrison Home by 68.1% in the 4th quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company's stock worth $42,000 after purchasing an additional 277 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Taylor Morrison Home by 43.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company's stock worth $49,000 after purchasing an additional 243 shares in the last quarter. SRS Capital Advisors Inc. purchased a new stake in shares of Taylor Morrison Home in the 4th quarter worth $51,000. Smartleaf Asset Management LLC increased its stake in shares of Taylor Morrison Home by 41.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company's stock worth $51,000 after purchasing an additional 243 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Taylor Morrison Home in the 4th quarter worth $61,000. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Taylor Morrison Home

In other news, Director David C. Merritt sold 2,402 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $63.98, for a total transaction of $153,679.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Joseph Terracciano sold 1,537 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total value of $93,372.75. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by corporate insiders.

Taylor Morrison Home Trading Up 0.6 %

Shares of NYSE:TMHC traded up $0.36 during trading on Wednesday, reaching $59.15. The company's stock had a trading volume of 570,634 shares, compared to its average volume of 1,063,520. The stock has a market capitalization of $6.02 billion, a PE ratio of 7.14 and a beta of 1.76. Taylor Morrison Home Co. has a 12 month low of $51.90 and a 12 month high of $75.49. The firm's 50 day simple moving average is $59.50 and its two-hundred day simple moving average is $64.14. The company has a current ratio of 6.39, a quick ratio of 0.94 and a debt-to-equity ratio of 0.36.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last released its earnings results on Wednesday, April 23rd. The construction company reported $2.18 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.33. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. On average, research analysts predict that Taylor Morrison Home Co. will post 8.93 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on TMHC shares. Wolfe Research upgraded Taylor Morrison Home from a "peer perform" rating to an "outperform" rating and set a $76.00 price objective for the company in a research note on Wednesday, January 8th. Wedbush reiterated an "outperform" rating and issued a $85.00 price target on shares of Taylor Morrison Home in a research note on Wednesday. Barclays cut their price target on Taylor Morrison Home from $90.00 to $70.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. BTIG Research set a $75.00 price target on Taylor Morrison Home and gave the stock a "buy" rating in a research note on Wednesday, April 16th. Finally, StockNews.com lowered Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $78.00.

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.