Taylor Morrison Home Co. (NYSE:TMHC) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. cut its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,352,548 shares of the construction company's stock after selling 9,472 shares during the period. Charles Schwab Investment Management Inc. owned 1.31% of Taylor Morrison Home worth $82,789,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of TMHC. Vision Capital Corp purchased a new stake in shares of Taylor Morrison Home during the 3rd quarter worth $38,173,000. Barclays PLC lifted its position in shares of Taylor Morrison Home by 66.4% during the third quarter. Barclays PLC now owns 420,419 shares of the construction company's stock valued at $29,539,000 after buying an additional 167,735 shares during the last quarter. World Investment Advisors LLC bought a new stake in shares of Taylor Morrison Home in the 3rd quarter valued at about $10,291,000. State Street Corp grew its position in shares of Taylor Morrison Home by 2.8% in 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. Finally, Fisher Asset Management LLC raised its stake in shares of Taylor Morrison Home by 9.0% during the 4th quarter. Fisher Asset Management LLC now owns 1,255,266 shares of the construction company's stock worth $76,835,000 after acquiring an additional 103,289 shares in the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TMHC. Barclays upgraded shares of Taylor Morrison Home from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $75.00 to $90.00 in a research note on Wednesday, December 11th. StockNews.com downgraded shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Seaport Res Ptn raised shares of Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a report on Thursday, March 6th. 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 report on Wednesday, January 8th. Finally, Royal Bank of Canada increased their price target on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Two 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, Taylor Morrison Home presently has an average rating of "Moderate Buy" and a consensus target price of $82.43.

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Taylor Morrison Home Price Performance

Shares of Taylor Morrison Home stock traded up $0.55 on Friday, hitting $58.64. The company's stock had a trading volume of 1,527,140 shares, compared to its average volume of 1,081,227. The company has a market capitalization of $5.97 billion, a price-to-earnings ratio of 7.08 and a beta of 2.06. The firm has a fifty day moving average price of $62.87 and a 200-day moving average price of $66.13. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.94 and a current ratio of 6.39. Taylor Morrison Home Co. has a 1 year low of $53.17 and a 1 year high of $75.49.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The construction company reported $2.64 earnings per share for the quarter, beating analysts' consensus estimates 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.

Insider Activity at Taylor Morrison Home

In other Taylor Morrison Home news, Director David C. Merritt sold 2,402 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total value of $153,679.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Joseph Terracciano sold 1,537 shares of the business's stock in a transaction that occurred 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. 3.50% of the stock is owned by corporate insiders.

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.