Franklin Resources Inc. Purchases 81,841 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Franklin Resources Inc. lifted its position in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 15.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 618,360 shares of the construction company's stock after purchasing an additional 81,841 shares during the quarter. Franklin Resources Inc. owned about 0.60% of Taylor Morrison Home worth $42,345,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Forum Financial Management LP lifted its stake in Taylor Morrison Home by 3.9% in the second quarter. Forum Financial Management LP now owns 4,430 shares of the construction company's stock worth $246,000 after purchasing an additional 165 shares during the last quarter. Resonant Capital Advisors LLC boosted its holdings in shares of Taylor Morrison Home by 2.1% during the third quarter. Resonant Capital Advisors LLC now owns 9,103 shares of the construction company's stock worth $640,000 after purchasing an additional 191 shares during the period. Captrust Financial Advisors grew its stake in shares of Taylor Morrison Home by 2.9% in the third quarter. Captrust Financial Advisors now owns 8,340 shares of the construction company's stock worth $586,000 after purchasing an additional 234 shares during the last quarter. Arizona State Retirement System increased its holdings in Taylor Morrison Home by 0.9% during the 2nd quarter. Arizona State Retirement System now owns 29,795 shares of the construction company's stock valued at $1,652,000 after purchasing an additional 266 shares during the period. Finally, SummerHaven Investment Management LLC raised its position in Taylor Morrison Home by 1.8% during the 2nd quarter. SummerHaven Investment Management LLC now owns 14,831 shares of the construction company's stock valued at $822,000 after purchasing an additional 267 shares during the last quarter. Hedge funds and other institutional investors own 95.16% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. BTIG Research boosted their target price on Taylor Morrison Home from $78.00 to $86.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Wedbush raised shares of Taylor Morrison Home from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $65.00 to $85.00 in a research report on Friday, October 25th. Barclays upgraded shares of Taylor Morrison Home from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $75.00 to $90.00 in a report on Wednesday, December 11th. StockNews.com raised shares of Taylor Morrison Home from a "hold" rating to a "buy" rating in a research note on Thursday, October 24th. Finally, Royal Bank of Canada increased their price target on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $85.33.

Taylor Morrison Home Stock Down 4.2 %

Taylor Morrison Home stock traded down $2.70 during mid-day trading on Wednesday, reaching $61.14. The stock had a trading volume of 1,290,721 shares, compared to its average volume of 796,159. Taylor Morrison Home Co. has a one year low of $50.00 and a one year high of $75.49. The company has a 50-day moving average price of $69.55 and a two-hundred day moving average price of $65.00. The company has a market capitalization of $6.33 billion, a price-to-earnings ratio of 8.09 and a beta of 1.97. 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 issued its earnings results on Wednesday, October 23rd. The construction company reported $2.37 earnings per share for the quarter, topping analysts' consensus estimates of $2.06 by $0.31. The business had revenue of $2.12 billion during 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%. Taylor Morrison Home's revenue was up 26.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.62 EPS. On average, analysts expect that Taylor Morrison Home Co. will post 8.44 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director William H. Lyon sold 9,075 shares of the business'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 completion of the transaction, the director now directly owns 2,136,241 shares in the company, valued at approximately $153,980,251.28. The trade was a 0.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Darrell Sherman sold 68,433 shares of Taylor Morrison Home 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 transaction, the executive vice president now directly owns 109,217 shares in the company, valued at $7,699,798.50. This represents a 38.52 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 128,549 shares of company stock worth $9,159,829. 3.50% of the stock is owned by insiders.

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.