Taylor Morrison Home Co. (NYSE:TMHC) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC cut its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,462,184 shares of the construction company's stock after selling 16,911 shares during the period. Geode Capital Management LLC owned 2.38% of Taylor Morrison Home worth $150,744,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TMHC. Franklin Resources Inc. grew its stake in Taylor Morrison Home by 16.2% in the fourth quarter. Franklin Resources Inc. now owns 718,274 shares of the construction company's stock valued at $43,966,000 after purchasing an additional 99,914 shares during the last quarter. AIA Group Ltd boosted its holdings in shares of Taylor Morrison Home by 13.3% in the 4th quarter. AIA Group Ltd now owns 8,552 shares of the construction company's stock valued at $523,000 after buying an additional 1,004 shares in the last quarter. CIBC Private Wealth Group LLC grew its position in shares of Taylor Morrison Home by 22.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,640 shares of the construction company's stock worth $100,000 after buying an additional 305 shares during the last quarter. Dorsey Wright & Associates raised its stake in shares of Taylor Morrison Home by 4.1% during the 4th quarter. Dorsey Wright & Associates now owns 60,160 shares of the construction company's stock worth $3,682,000 after acquiring an additional 2,393 shares in the last quarter. Finally, Schroder Investment Management Group lifted its position in Taylor Morrison Home by 515.8% during the fourth quarter. Schroder Investment Management Group now owns 45,868 shares of the construction company's stock valued at $2,803,000 after acquiring an additional 38,419 shares during the last quarter. 95.16% of the stock is currently owned by institutional investors.

Taylor Morrison Home Stock Performance

TMHC traded up $0.38 during midday trading on Friday, hitting $55.71. 926,509 shares of the company were exchanged, compared to its average volume of 888,123. The firm has a market capitalization of $5.67 billion, a price-to-earnings ratio of 6.73 and a beta of 1.76. The company's 50 day simple moving average is $60.49 and its 200 day simple moving average is $64.78. The company has a current ratio of 6.39, a quick ratio of 0.94 and a debt-to-equity ratio of 0.36. Taylor Morrison Home Co. has a 1-year low of $51.90 and a 1-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 (EPS) for the quarter, beating analysts' consensus estimates of $2.40 by $0.24. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. As a group, sell-side analysts predict 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, Director David C. Merritt sold 2,402 shares of the company's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total transaction of $153,679.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Joseph Terracciano sold 1,537 shares of Taylor Morrison Home stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total transaction of $93,372.75. The disclosure for this sale can be found here. 3.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on TMHC shares. StockNews.com cut Taylor Morrison Home from a "buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Barclays dropped their price target on Taylor Morrison Home from $90.00 to $70.00 and set an "overweight" rating on the stock in a research note on Tuesday. Wolfe Research raised shares of Taylor Morrison Home from a "peer perform" rating to an "outperform" rating and set a $76.00 price objective for the company in a research report on Wednesday, January 8th. Seaport Res Ptn raised shares of Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research report on Thursday, March 6th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating for the company in a report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Taylor Morrison Home presently has a consensus rating of "Moderate Buy" and an average target price of $79.57.

Taylor Morrison Home 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.