Hodges Capital Management Inc. Buys 45,139 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Hodges Capital Management Inc. boosted its stake in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 12.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 411,366 shares of the construction company's stock after buying an additional 45,139 shares during the period. Taylor Morrison Home accounts for 1.5% of Hodges Capital Management Inc.'s portfolio, making the stock its 17th biggest holding. Hodges Capital Management Inc. owned about 0.40% of Taylor Morrison Home worth $25,180,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Assenagon Asset Management S.A. lifted its holdings in Taylor Morrison Home by 271.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 896,032 shares of the construction company's stock valued at $62,955,000 after acquiring an additional 654,541 shares during the last quarter. Vision Capital Corp bought a new stake in shares of Taylor Morrison Home during the 3rd quarter worth $38,173,000. Charles Schwab Investment Management Inc. raised 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 purchasing an additional 282,227 shares during the period. Barclays PLC lifted its holdings in shares of Taylor Morrison Home by 66.4% during the third quarter. Barclays PLC now owns 420,419 shares of the construction company's stock valued at $29,539,000 after purchasing an additional 167,735 shares during the last quarter. Finally, World Investment Advisors LLC acquired a new position in shares of Taylor Morrison Home in the 3rd quarter valued at $10,291,000. 95.16% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the company. Royal Bank of Canada boosted their price objective on Taylor Morrison Home from $74.00 to $77.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Wolfe Research upgraded shares of Taylor Morrison Home from a "peer perform" rating to an "outperform" rating and set a $76.00 price target for the company in a research report on Wednesday, January 8th. Barclays upgraded shares of Taylor Morrison Home from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $75.00 to $90.00 in a research report on Wednesday, December 11th. Wedbush upgraded Taylor Morrison Home from a "neutral" rating to an "outperform" rating and increased their target price for the company from $65.00 to $85.00 in a report on Friday, October 25th. Finally, Raymond James reissued an "outperform" rating and set a $84.00 price target (up from $81.00) on shares of Taylor Morrison Home in a research report on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $84.00.

Insider Activity at Taylor Morrison Home

In related news, Director William H. Lyon sold 24,284 shares of Taylor Morrison Home stock in a transaction on Monday, November 25th. The shares were sold at an average price of $74.46, for a total value of $1,808,186.64. Following the transaction, the director now owns 2,045,316 shares in the company, valued at $152,294,229.36. This trade represents a 1.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.50% of the stock is currently owned by company insiders.

Taylor Morrison Home Stock Down 0.6 %

TMHC traded down $0.36 during trading on Thursday, reaching $64.44. 1,180,714 shares of the stock traded hands, compared to its average volume of 921,846. 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 Co. has a fifty-two week low of $52.39 and a fifty-two week high of $75.49. The stock's 50-day simple moving average is $64.62 and its two-hundred day simple moving average is $66.48. The stock has a market cap of $6.67 billion, a price-to-earnings ratio of 8.52 and a beta of 2.03.

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.