First Eagle Investment Management LLC boosted its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 13.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 222,301 shares of the construction company's stock after purchasing an additional 26,800 shares during the period. First Eagle Investment Management LLC owned about 0.21% of Taylor Morrison Home worth $13,607,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. V Square Quantitative Management LLC lifted its stake in shares of Taylor Morrison Home by 68.1% in the 4th quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company's stock valued at $42,000 after acquiring an additional 277 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Taylor Morrison Home by 43.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company's stock valued at $49,000 after acquiring an additional 243 shares during the last quarter. SRS Capital Advisors Inc. bought a new position in shares of Taylor Morrison Home in the 4th quarter valued at $51,000. Smartleaf Asset Management LLC lifted its stake in shares of Taylor Morrison Home by 41.4% in the 4th 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 last quarter. Finally, R Squared Ltd bought a new position in shares of Taylor Morrison Home in the 4th quarter valued at $61,000. 95.16% of the stock is currently owned by institutional investors.
Taylor Morrison Home Stock Up 2.7 %
Shares of TMHC stock traded up $1.59 on Wednesday, reaching $60.26. 1,061,602 shares of the company were exchanged, compared to its average volume of 817,997. The company has a market cap of $6.13 billion, a price-to-earnings ratio of 7.28 and a beta of 2.06. The company has a 50-day moving average of $62.76 and a 200-day moving average of $65.94. 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 Co. has a one year low of $53.17 and a one year high of $75.49.
Taylor Morrison Home (NYSE:TMHC - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The construction company reported $2.64 earnings per share 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%. Analysts anticipate that Taylor Morrison Home Co. will post 8.93 earnings per share for the current year.
Insider Activity 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 that occurred on Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total transaction of $93,372.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David C. Merritt sold 2,402 shares of Taylor Morrison Home 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 insiders.
Analyst Ratings Changes
A number of analysts recently weighed in on the company. Wolfe Research upgraded Taylor Morrison Home from a "peer perform" rating to an "outperform" rating and set a $76.00 price objective for the company in a report on Wednesday, January 8th. Seaport Res Ptn upgraded Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a report on Thursday, March 6th. JPMorgan Chase & Co. decreased their price objective on Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating for the company in a report on Tuesday, February 18th. Barclays upgraded Taylor Morrison Home from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $75.00 to $90.00 in a report on Wednesday, December 11th. Finally, StockNews.com downgraded Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Wednesday, January 8th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $82.43.
Check Out Our Latest Report on TMHC
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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