Janney Montgomery Scott LLC Makes New $420,000 Investment in Taylor Morrison Home Co. (NYSE:TMHC)

Janney Montgomery Scott LLC purchased a new position in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 6,855 shares of the construction company's stock, valued at approximately $420,000.

A number of other institutional investors also recently modified their holdings of TMHC. Assenagon Asset Management S.A. boosted its stake in Taylor Morrison Home by 271.0% during the third quarter. Assenagon Asset Management S.A. now owns 896,032 shares of the construction company's stock worth $62,955,000 after acquiring an additional 654,541 shares in the last quarter. Vision Capital Corp bought a new position in shares of Taylor Morrison Home during the 3rd quarter worth about $38,173,000. Charles Schwab Investment Management Inc. increased its position in Taylor Morrison Home by 26.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,362,020 shares of the construction company's stock valued at $95,696,000 after buying an additional 282,227 shares in the last quarter. Barclays PLC raised its stake in Taylor Morrison Home by 66.4% during the 3rd quarter. Barclays PLC now owns 420,419 shares of the construction company's stock worth $29,539,000 after buying an additional 167,735 shares during the period. Finally, World Investment Advisors LLC bought a new position in Taylor Morrison Home in the third quarter worth approximately $10,291,000. 95.16% of the stock is owned by institutional investors.

Taylor Morrison Home Stock Down 0.7 %

TMHC stock traded down $0.47 during trading on Thursday, reaching $63.98. The stock had a trading volume of 1,542,688 shares, compared to its average volume of 997,396. Taylor Morrison Home Co. has a one year low of $53.17 and a one year high of $75.49. The company's 50 day moving average is $63.63 and its two-hundred day moving average is $66.38. The company has a market capitalization of $6.62 billion, a price-to-earnings ratio of 8.46 and a beta of 2.03. The company has a quick ratio of 0.69, a current ratio of 6.24 and a debt-to-equity ratio of 0.37.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The construction company reported $2.64 EPS for the quarter, topping the consensus estimate of $2.40 by $0.24. Taylor Morrison Home had a net margin of 10.39% and a return on equity of 15.91%. Equities research analysts forecast that Taylor Morrison Home Co. will post 8.44 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TMHC. Wolfe Research upgraded Taylor Morrison Home from a "peer perform" rating to an "outperform" rating and set a $76.00 price objective for the company in a report on Wednesday, January 8th. Barclays upgraded shares of 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. Royal Bank of Canada increased their price objective on Taylor Morrison Home from $72.00 to $74.00 and gave the stock an "outperform" rating in a research note on Thursday. BTIG Research raised their price objective 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. Finally, Wedbush upgraded shares of Taylor Morrison Home from a "neutral" rating to an "outperform" rating and upped their target price for the stock from $65.00 to $85.00 in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, Taylor Morrison Home has an average rating of "Moderate Buy" and a consensus price target of $83.57.

Insider Buying and Selling

In other Taylor Morrison Home news, Director William H. Lyon sold 24,284 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 2,045,316 shares in the company, valued at $152,294,229.36. This represents a 1.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.50% of the stock is owned by insiders.

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.