Citigroup Inc. Acquires 65,252 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Citigroup Inc. increased its stake in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 61.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 170,960 shares of the construction company's stock after acquiring an additional 65,252 shares during the quarter. Citigroup Inc. owned 0.17% of Taylor Morrison Home worth $12,012,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD increased its position in shares of Taylor Morrison Home by 2.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 78,897 shares of the construction company's stock worth $4,906,000 after acquiring an additional 2,028 shares in the last quarter. Janus Henderson Group PLC increased its holdings in Taylor Morrison Home by 22.3% during the 1st quarter. Janus Henderson Group PLC now owns 76,608 shares of the construction company's stock worth $4,761,000 after purchasing an additional 13,987 shares in the last quarter. Comerica Bank raised its stake in shares of Taylor Morrison Home by 18.0% in the first quarter. Comerica Bank now owns 53,082 shares of the construction company's stock worth $3,300,000 after purchasing an additional 8,091 shares during the last quarter. Cetera Advisors LLC bought a new position in shares of Taylor Morrison Home in the first quarter valued at approximately $475,000. Finally, Boston Partners purchased a new position in shares of Taylor Morrison Home during the first quarter valued at approximately $1,296,000. Institutional investors and hedge funds own 95.16% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Zelman & Associates upgraded Taylor Morrison Home from a "neutral" rating to an "outperform" rating in a research note on Monday, August 12th. Royal Bank of Canada lifted their price target on Taylor Morrison Home from $74.00 to $77.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Raymond James reiterated an "outperform" rating and set a $84.00 price target (up from $81.00) on shares of Taylor Morrison Home in a research report on Tuesday, October 29th. BTIG Research boosted their price target on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Finally, Wedbush raised shares of Taylor Morrison Home from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $65.00 to $85.00 in a report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Taylor Morrison Home currently has a consensus rating of "Moderate Buy" and an average price target of $77.33.

Taylor Morrison Home Price Performance

NYSE:TMHC traded down $0.12 during midday trading on Friday, hitting $73.89. The company had a trading volume of 295,496 shares, compared to its average volume of 796,066. The stock's fifty day moving average price is $69.78 and its 200-day moving average price is $64.01. Taylor Morrison Home Co. has a 52-week low of $44.59 and a 52-week high of $75.49. The company has a quick ratio of 0.69, a current ratio of 6.24 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $7.65 billion, a PE ratio of 9.78 and a beta of 1.96.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.06 by $0.31. The firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $1.96 billion. Taylor Morrison Home had a return on equity of 15.91% and a net margin of 10.39%. The company's revenue was up 26.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.62 EPS. As a group, research analysts expect that Taylor Morrison Home Co. will post 8.44 earnings per share for the current year.

Insider Buying and Selling at Taylor Morrison Home

In other Taylor Morrison Home news, Director William H. Lyon sold 24,284 shares of the business's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $74.46, for a total value of $1,808,186.64. Following the completion of the sale, the director now directly owns 2,045,316 shares of the company's stock, valued at $152,294,229.36. The trade was a 1.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Darrell Sherman sold 26,757 shares of the firm's stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $70.00, for a total value of $1,872,990.00. Following the transaction, the executive vice president now owns 109,217 shares in the company, 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. Insiders have sold 128,621 shares of company stock worth $9,164,869 over the last ninety days. Insiders own 3.50% of the company's stock.

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.