Canada Pension Plan Investment Board Buys 49,500 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Canada Pension Plan Investment Board boosted its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 169.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 78,700 shares of the construction company's stock after acquiring an additional 49,500 shares during the quarter. Canada Pension Plan Investment Board owned 0.08% of Taylor Morrison Home worth $4,817,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Buying and Selling at Taylor Morrison Home

In other Taylor Morrison Home news, CAO Joseph Terracciano sold 1,537 shares of Taylor Morrison Home stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total value of $93,372.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David C. Merritt sold 2,402 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $63.98, for a total transaction of $153,679.96. The disclosure for this sale can be found here. 3.50% of the stock is owned by company insiders.

Taylor Morrison Home Stock Up 5.6 %

Shares of Taylor Morrison Home stock opened at $58.70 on Wednesday. Taylor Morrison Home Co. has a 1 year low of $51.90 and a 1 year high of $75.49. The firm has a market cap of $5.97 billion, a price-to-earnings ratio of 7.09 and a beta of 1.76. The company has a 50-day moving average of $59.50 and a 200 day moving average of $64.14. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.39 and a quick ratio of 0.94.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last released its earnings results on Wednesday, February 12th. The construction company reported $2.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.24. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. As a group, sell-side analysts anticipate that Taylor Morrison Home Co. will post 8.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TMHC has been the topic of several recent analyst reports. StockNews.com cut Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Royal Bank of Canada boosted their target price on Taylor Morrison Home from $72.00 to $74.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. 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. Wolfe Research raised shares of Taylor Morrison Home from a "peer perform" rating to an "outperform" rating and set a $76.00 price objective on the stock in a research report on Wednesday, January 8th. Finally, Seaport Res Ptn upgraded shares of Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a report on Thursday, March 6th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Taylor Morrison Home currently has an average rating of "Moderate Buy" and an average target price of $78.00.

Taylor Morrison Home 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.

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