Taylor Morrison Home Co. (NYSE:TMHC) Shares Sold by Burney Co.

Burney Co. lowered its stake in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 2.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 204,026 shares of the construction company's stock after selling 4,808 shares during the period. Burney Co. owned approximately 0.20% of Taylor Morrison Home worth $12,488,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TMHC. V Square Quantitative Management LLC acquired a new position in Taylor Morrison Home during the 3rd quarter worth approximately $29,000. Harbor Capital Advisors Inc. purchased a new stake in shares of Taylor Morrison Home in the third quarter valued at approximately $34,000. UMB Bank n.a. raised its position in Taylor Morrison Home by 263.9% in the third quarter. UMB Bank n.a. now owns 535 shares of the construction company's stock worth $38,000 after acquiring an additional 388 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Taylor Morrison Home by 43.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company's stock valued at $49,000 after acquiring an additional 243 shares during the period. Finally, Peterson Financial Group Inc. acquired a new stake in Taylor Morrison Home in the third quarter valued at $62,000. Hedge funds and other institutional investors own 95.16% of the company's stock.

Insider Activity

In other Taylor Morrison Home news, Director William H. Lyon sold 24,284 shares of the firm's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $74.46, for a total value of $1,808,186.64. Following the sale, the director now directly owns 2,045,316 shares of the company's stock, valued at approximately $152,294,229.36. This trade represents a 1.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Darrell Sherman sold 26,757 shares of the company's stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $70.00, for a total transaction of $1,872,990.00. Following the transaction, the executive vice president now directly owns 109,217 shares of the company's stock, valued at approximately $7,645,190. This represents a 19.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 128,549 shares of company stock valued at $9,159,829 over the last 90 days. Insiders own 3.50% of the company's stock.

Taylor Morrison Home Price Performance

NYSE:TMHC traded up $1.89 during trading hours on Wednesday, reaching $65.20. 1,009,203 shares of the company traded hands, compared to its average volume of 845,978. 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 firm's 50-day moving average is $66.49 and its 200-day moving average is $65.73. The stock has a market cap of $6.75 billion, a P/E ratio of 8.62 and a beta of 2.01. Taylor Morrison Home Co. has a 1-year low of $50.68 and a 1-year high of $75.49.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.37 EPS 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 analysts' expectations of $1.96 billion. Taylor Morrison Home had a return on equity of 15.91% and a net margin of 10.39%. The firm's quarterly revenue was up 26.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.62 EPS. Equities research analysts expect that Taylor Morrison Home Co. will post 8.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

TMHC has been the subject of a number of research analyst reports. Wedbush upgraded shares of Taylor Morrison Home from a "neutral" rating to an "outperform" rating and increased their price target for the company from $65.00 to $85.00 in a report on Friday, October 25th. Barclays upgraded shares of 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 report on Wednesday, December 11th. JPMorgan Chase & Co. lowered their price target on Taylor Morrison Home from $101.00 to $90.00 and set an "overweight" rating on the stock in a report on Friday, December 13th. Royal Bank of Canada raised their price objective on Taylor Morrison Home from $74.00 to $77.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Finally, BTIG Research boosted their target price on Taylor Morrison Home from $78.00 to $86.00 and gave the stock a "buy" rating in a research report 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 company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target 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.