Caisse DE Depot ET Placement DU Quebec Purchases 62,406 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Caisse DE Depot ET Placement DU Quebec increased its position in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 25.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 305,788 shares of the construction company's stock after acquiring an additional 62,406 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned 0.30% of Taylor Morrison Home worth $21,485,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. lifted its stake in Taylor Morrison Home by 3.5% in the third quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company's stock valued at $144,144,000 after acquiring an additional 69,222 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Taylor Morrison Home by 26.1% during 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 buying an additional 282,227 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Taylor Morrison Home by 2.5% during the third quarter. Fisher Asset Management LLC now owns 1,151,977 shares of the construction company's stock valued at $80,938,000 after buying an additional 28,166 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Taylor Morrison Home by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 1,066,470 shares of the construction company's stock worth $59,125,000 after buying an additional 4,638 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Taylor Morrison Home by 271.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 896,032 shares of the construction company's stock worth $62,955,000 after acquiring an additional 654,541 shares in the last quarter. Hedge funds and other institutional investors own 95.16% of the company's stock.

Taylor Morrison Home Price Performance

TMHC traded down $0.63 during trading on Monday, hitting $73.24. 604,977 shares of the stock traded hands, compared to its average volume of 795,243. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.24 and a quick ratio of 0.69. Taylor Morrison Home Co. has a twelve month low of $45.81 and a twelve month high of $75.49. The company has a market cap of $7.58 billion, a price-to-earnings ratio of 9.69 and a beta of 1.96. The business has a 50 day moving average price of $69.92 and a 200 day moving average price of $64.25.

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Raymond James restated an "outperform" rating and set a $84.00 target price (up previously from $81.00) on shares of Taylor Morrison Home in a research note on Tuesday, October 29th. Zelman & Associates upgraded shares of Taylor Morrison Home from a "neutral" rating to an "outperform" rating in a research note on Monday, August 12th. Royal Bank of Canada boosted their target price 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. StockNews.com raised Taylor Morrison Home from a "hold" rating to a "buy" rating in a report on Thursday, October 24th. Finally, Barclays raised their price objective on shares of Taylor Morrison Home from $72.00 to $75.00 and gave the company an "equal weight" rating in a research report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Taylor Morrison Home currently has an average rating of "Moderate Buy" and a consensus target price of $77.33.

Insider Buying and Selling

In other Taylor Morrison Home news, Director William H. Lyon sold 9,075 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $72.08, for a total value of $654,126.00. Following the sale, the director now directly owns 2,136,241 shares in the company, valued at $153,980,251.28. This represents a 0.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Darrell Sherman sold 26,757 shares of Taylor Morrison Home stock in a transaction that occurred on 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 sale, the executive vice president now owns 109,217 shares of the company's stock, valued at approximately $7,645,190. The trade was a 19.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 128,621 shares of company stock worth $9,164,869. 3.50% of the stock is owned by corporate 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.