27,027 Shares in Taylor Morrison Home Co. (NYSE:TMHC) Bought by Intech Investment Management LLC

Intech Investment Management LLC acquired a new position in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 27,027 shares of the construction company's stock, valued at approximately $1,899,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TMHC. V Square Quantitative Management LLC purchased a new position in Taylor Morrison Home during the third quarter valued at $29,000. Harbor Capital Advisors Inc. purchased a new position in Taylor Morrison Home during the third quarter valued at $34,000. UMB Bank n.a. lifted its position in Taylor Morrison Home by 263.9% during the third quarter. UMB Bank n.a. now owns 535 shares of the construction company's stock valued at $38,000 after purchasing an additional 388 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in Taylor Morrison Home during the second quarter valued at $31,000. Finally, Peterson Financial Group Inc. bought a new position in Taylor Morrison Home during the third quarter valued at $62,000. 95.16% of the stock is owned by hedge funds and other institutional investors.

Taylor Morrison Home Stock Up 5.1 %

NYSE TMHC traded up $3.63 during trading on Monday, reaching $74.71. 417,230 shares of the company's stock traded hands, compared to its average volume of 795,315. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.24 and a quick ratio of 0.69. The firm has a market cap of $7.73 billion, a price-to-earnings ratio of 9.88 and a beta of 1.96. The company's 50 day simple moving average is $69.45 and its two-hundred day simple moving average is $63.66. Taylor Morrison Home Co. has a 12-month low of $44.32 and a 12-month high of $75.12.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The construction company reported $2.37 EPS for the quarter, beating analysts' consensus estimates of $2.06 by $0.31. The business had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $1.96 billion. Taylor Morrison Home had a net margin of 10.39% and a return on equity of 15.91%. The company's revenue for the quarter was up 26.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.62 EPS. As a group, sell-side analysts forecast that Taylor Morrison Home Co. will post 8.44 EPS for the current fiscal year.

Insider Transactions at Taylor Morrison Home

In related news, EVP Darrell Sherman sold 26,757 shares of the business's stock in a transaction on Monday, October 28th. The shares were sold at an average price of $70.00, for a total value of $1,872,990.00. Following the completion of the transaction, the executive vice president now directly owns 109,217 shares in the company, valued at $7,645,190. The trade was a 19.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director William H. Lyon sold 9,075 shares of the business's stock in a transaction on Thursday, November 7th. The shares were 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 owns 2,136,241 shares of the company's stock, valued at approximately $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 have sold a total of 104,337 shares of company stock valued at $7,356,683 in the last 90 days. Insiders own 3.50% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. StockNews.com upgraded shares of Taylor Morrison Home from a "hold" rating to a "buy" rating in a research report on Thursday, October 24th. Raymond James reiterated an "outperform" rating and set a $84.00 price objective (up previously from $81.00) on shares of Taylor Morrison Home in a research report on Tuesday, October 29th. BTIG Research increased their price objective on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Zelman & Associates upgraded shares of Taylor Morrison Home from a "neutral" rating to an "outperform" rating in a report on Monday, August 12th. Finally, Royal Bank of Canada raised 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. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Taylor Morrison Home currently has a consensus rating of "Moderate Buy" and an average target price of $77.33.

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.