Empirical Finance LLC Cuts Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

Empirical Finance LLC cut its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 51.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,538 shares of the construction company's stock after selling 10,953 shares during the period. Empirical Finance LLC's holdings in Taylor Morrison Home were worth $645,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. State Street Corp increased its position in Taylor Morrison Home by 2.8% during the 3rd quarter. State Street Corp now owns 4,987,968 shares of the construction company's stock worth $350,455,000 after purchasing an additional 136,432 shares during the period. Principal Financial Group Inc. increased its position in Taylor Morrison Home by 3.5% during the 3rd quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company's stock worth $144,144,000 after purchasing an additional 69,222 shares during the period. Charles Schwab Investment Management Inc. increased its position in Taylor Morrison Home by 26.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,362,020 shares of the construction company's stock worth $95,696,000 after purchasing an additional 282,227 shares during the period. Fisher Asset Management LLC increased its position in Taylor Morrison Home by 2.5% during the 3rd quarter. Fisher Asset Management LLC now owns 1,151,977 shares of the construction company's stock worth $80,938,000 after purchasing an additional 28,166 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in 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 purchasing an additional 654,541 shares during the period. 95.16% of the stock is owned by hedge funds and other institutional investors.

Taylor Morrison Home Trading Up 0.2 %

Shares of Taylor Morrison Home stock traded up $0.16 during trading hours on Friday, reaching $64.11. 1,156,444 shares of the company's stock were exchanged, compared to its average volume of 1,002,695. Taylor Morrison Home Co. has a 52-week low of $53.17 and a 52-week high of $75.49. The firm has a market capitalization of $6.63 billion, a price-to-earnings ratio of 8.48 and a beta of 2.03. The company has a fifty day moving average of $63.52 and a 200-day moving average of $66.36. The company has a current ratio of 6.24, a quick ratio of 0.69 and a debt-to-equity ratio of 0.37.

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, topping analysts' consensus estimates of $2.40 by $0.24. Taylor Morrison Home had a return on equity of 15.91% and a net margin of 10.39%. Sell-side analysts forecast that Taylor Morrison Home Co. will post 8.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Raymond James reiterated an "outperform" rating and set a $84.00 target price (up previously from $81.00) on shares of Taylor Morrison Home in a research report on Tuesday, October 29th. Wedbush upgraded Taylor Morrison Home from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $65.00 to $85.00 in a research report on Friday, October 25th. Barclays upgraded Taylor Morrison Home from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $75.00 to $90.00 in a report on Wednesday, December 11th. StockNews.com cut Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. lowered their price target on Taylor Morrison Home from $101.00 to $90.00 and set an "overweight" rating on the stock in a report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Taylor Morrison Home currently has an average rating of "Moderate Buy" and a consensus target price of $83.57.

Insiders Place Their Bets

In other Taylor Morrison Home news, Director William H. Lyon sold 24,284 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $74.46, for a total transaction of $1,808,186.64. Following the transaction, the director now owns 2,045,316 shares of the company's stock, valued at $152,294,229.36. This represents a 1.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 3.50% of the company's stock.

Taylor Morrison Home Company 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.