Geode Capital Management LLC Reduces Stock Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

Geode Capital Management LLC reduced its holdings in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 12.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,479,095 shares of the construction company's stock after selling 365,079 shares during the quarter. Geode Capital Management LLC owned approximately 2.40% of Taylor Morrison Home worth $174,215,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of TMHC. 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 valued at $350,455,000 after purchasing an additional 136,432 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Taylor Morrison Home by 3.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company's stock valued at $144,144,000 after purchasing an additional 69,222 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Taylor Morrison Home by 26.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,362,020 shares of the construction company's stock worth $95,696,000 after buying an additional 282,227 shares during the period. Fisher Asset Management LLC raised its stake in Taylor Morrison Home by 2.5% during the third quarter. Fisher Asset Management LLC now owns 1,151,977 shares of the construction company's stock worth $80,938,000 after buying an additional 28,166 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Taylor Morrison Home by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 1,066,470 shares of the construction company's stock valued at $59,125,000 after buying an additional 4,638 shares during the period. Institutional investors own 95.16% of the company's stock.

Insider Activity at Taylor Morrison Home

In other news, Director William H. Lyon sold 9,075 shares of the company'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 value of $654,126.00. Following the completion of 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Darrell Sherman sold 68,433 shares of Taylor Morrison Home stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $70.50, for a total value of $4,824,526.50. Following the sale, the executive vice president now owns 109,217 shares in the company, valued at $7,699,798.50. This trade represents a 38.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 128,621 shares of company stock valued at $9,164,869. 3.50% of the stock is owned by insiders.

Taylor Morrison Home Stock Down 0.2 %

Shares of Taylor Morrison Home stock traded down $0.10 during trading hours on Monday, reaching $64.62. The company's stock had a trading volume of 1,010,379 shares, compared to its average volume of 793,699. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.69 and a current ratio of 6.24. The stock's fifty day simple moving average is $69.82 and its two-hundred day simple moving average is $64.93. The company has a market capitalization of $6.69 billion, a P/E ratio of 8.56 and a beta of 1.97. Taylor Morrison Home Co. has a one year low of $50.00 and a one year high of $75.49.

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their price objective on Taylor Morrison Home from $101.00 to $90.00 and set an "overweight" rating for the company in a research report on Friday. Barclays raised Taylor Morrison Home from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $75.00 to $90.00 in a research note on Wednesday, December 11th. StockNews.com raised shares of Taylor Morrison Home from a "hold" rating to a "buy" rating in a research report on Thursday, October 24th. Wedbush upgraded shares of Taylor Morrison Home from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $65.00 to $85.00 in a research report on Friday, October 25th. Finally, Royal Bank of Canada raised their price target 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. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $85.33.

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.