Taylor Morrison Home Co. (NYSE:TMHC) Shares Acquired by Fisher Asset Management LLC

Fisher Asset Management LLC grew its position in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 2.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,151,977 shares of the construction company's stock after acquiring an additional 28,166 shares during the quarter. Fisher Asset Management LLC owned about 1.11% of Taylor Morrison Home worth $80,938,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its holdings in shares of Taylor Morrison Home by 2.6% in 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 purchasing an additional 2,028 shares during the last quarter. SVB Wealth LLC bought a new position in shares of Taylor Morrison Home in the first quarter worth about $224,000. Janus Henderson Group PLC grew its holdings in shares of Taylor Morrison Home by 22.3% in the first 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 during the last quarter. Comerica Bank grew its holdings 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. Finally, Burney Co. grew its holdings in shares of Taylor Morrison Home by 12.7% in the first quarter. Burney Co. now owns 270,162 shares of the construction company's stock worth $16,796,000 after purchasing an additional 30,431 shares during the last quarter. Hedge funds and other institutional investors own 95.16% of the company's stock.

Insider Activity at Taylor Morrison Home

In other Taylor Morrison Home news, EVP Darrell Sherman sold 68,433 shares of the firm's stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $70.50, for a total transaction of $4,824,526.50. Following the completion of the transaction, the executive vice president now directly owns 109,217 shares of the company's stock, valued at approximately $7,699,798.50. This trade represents a 38.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William H. Lyon sold 9,075 shares of the firm's stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $72.08, for a total transaction of $654,126.00. Following the transaction, the director now directly owns 2,136,241 shares of the company's stock, valued at $153,980,251.28. This represents a 0.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,337 shares of company stock valued at $7,356,683 in the last three months. 3.50% of the stock is owned by insiders.

Taylor Morrison Home Stock Down 0.9 %

Shares of TMHC stock traded down $0.69 during mid-day trading on Tuesday, hitting $74.11. 720,145 shares of the stock traded hands, compared to its average volume of 799,479. The stock has a market cap of $7.67 billion, a P/E ratio of 9.89 and a beta of 1.96. The stock's fifty day moving average is $69.56 and its two-hundred day moving average is $63.76. Taylor Morrison Home Co. has a 52-week low of $44.32 and a 52-week high of $75.49. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.24 and a quick ratio of 0.69.

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 during the quarter, compared to analyst estimates of $1.96 billion. Taylor Morrison Home had a net margin of 10.39% and a return on equity of 15.91%. Taylor Morrison Home's revenue was up 26.6% on a year-over-year basis. During the same period last year, the firm posted $1.62 EPS. Equities analysts predict that Taylor Morrison Home Co. will post 8.44 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TMHC shares. BTIG Research upped their price target on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Raymond James restated an "outperform" rating and issued a $84.00 price target (up from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th. Zelman & Associates upgraded shares of Taylor Morrison Home from a "neutral" rating to an "outperform" rating in a report on Monday, August 12th. Royal Bank of Canada increased their target price on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Finally, Wedbush upgraded shares of Taylor Morrison Home from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $65.00 to $85.00 in a report on Friday, October 25th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $77.33.

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.