Cibc World Markets Corp purchased a new position in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 9,576 shares of the construction company's stock, valued at approximately $586,000.
A number of other large investors also recently modified their holdings of the business. Lord Abbett & CO. LLC raised its stake in Taylor Morrison Home by 2.5% during the 3rd quarter. Lord Abbett & CO. LLC now owns 463,287 shares of the construction company's stock valued at $32,550,000 after purchasing an additional 11,302 shares during the last quarter. Principal Financial Group Inc. grew its position in Taylor Morrison Home by 3.5% during the third quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company's stock worth $144,144,000 after buying an additional 69,222 shares in the last quarter. Intech Investment Management LLC bought a new position in Taylor Morrison Home during the third quarter valued at about $1,899,000. Sheets Smith Wealth Management acquired a new position in Taylor Morrison Home in the 4th quarter valued at approximately $550,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Taylor Morrison Home by 26.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,362,020 shares of the construction company's stock valued at $95,696,000 after acquiring an additional 282,227 shares in the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
TMHC has been the topic of a number of research reports. Wolfe Research upgraded 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. StockNews.com downgraded shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Wednesday, January 8th. Royal Bank of Canada upped their target price on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Barclays raised Taylor Morrison Home from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $75.00 to $90.00 in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. lowered their price objective on Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, Taylor Morrison Home currently has a consensus rating of "Moderate Buy" and an average target price of $82.43.
Get Our Latest Stock Report on TMHC
Taylor Morrison Home Price Performance
Shares of NYSE:TMHC traded up $0.09 during trading on Wednesday, reaching $60.91. The stock had a trading volume of 462,739 shares, compared to its average volume of 823,206. The stock has a market capitalization of $6.20 billion, a PE ratio of 7.36 and a beta of 2.06. Taylor Morrison Home Co. has a 52 week low of $53.17 and a 52 week high of $75.49. The business's 50-day moving average price is $62.70 and its 200 day moving average price is $65.78. 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 posted its quarterly earnings data on Wednesday, February 12th. The construction company reported $2.64 EPS for the quarter, topping analysts' consensus estimates of $2.40 by $0.24. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. As a group, equities analysts predict that Taylor Morrison Home Co. will post 8.93 earnings per share for the current year.
Insider Buying and Selling
In other Taylor Morrison Home news, Director David C. Merritt sold 2,402 shares of the company's 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 available at this link. Also, CAO Joseph Terracciano sold 1,537 shares of the stock in a transaction on Tuesday, March 11th. The shares were 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.
About Taylor Morrison Home
(
Free Report)
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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