KLP Kapitalforvaltning AS Purchases New Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

KLP Kapitalforvaltning AS purchased a new position in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 22,000 shares of the construction company's stock, valued at approximately $1,347,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Lord Abbett & CO. LLC increased its position in Taylor Morrison Home by 2.5% during the third quarter. Lord Abbett & CO. LLC now owns 463,287 shares of the construction company's stock worth $32,550,000 after buying an additional 11,302 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Taylor Morrison Home by 3.5% during 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 acquiring an additional 69,222 shares during the last quarter. Sheets Smith Wealth Management bought a new position in shares of Taylor Morrison Home in the 4th quarter valued at approximately $550,000. Financial Enhancement Group LLC acquired a new stake in Taylor Morrison Home in the 4th quarter worth approximately $5,840,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Taylor Morrison Home by 43.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company's stock worth $49,000 after purchasing an additional 243 shares during the last quarter. Institutional investors own 95.16% of the company's stock.

Insider Transactions at Taylor Morrison Home

In other news, CAO Joseph Terracciano sold 1,537 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total value of $93,372.75. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director David C. Merritt sold 2,402 shares of the firm's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total value of $153,679.96. The disclosure for this sale can be found here. 3.50% of the stock is owned by insiders.

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Taylor Morrison Home Stock Performance

Shares of NYSE TMHC traded down $3.61 during mid-day trading on Thursday, hitting $57.71. The company had a trading volume of 1,180,916 shares, compared to its average volume of 879,542. Taylor Morrison Home Co. has a 12 month low of $53.17 and a 12 month high of $75.49. The firm has a market cap of $5.87 billion, a P/E ratio of 6.97 and a beta of 1.76. The business's 50-day simple moving average is $61.93 and its 200-day simple moving average is $65.53. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.39 and a quick ratio of 0.94.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last issued its earnings results 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 return on equity of 16.50% and a net margin of 10.81%. As a group, analysts predict that Taylor Morrison Home Co. will post 8.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on TMHC. Wolfe Research raised shares of Taylor Morrison Home from a "peer perform" rating to an "outperform" rating and set a $76.00 price target on the stock in a research report on Wednesday, January 8th. JPMorgan Chase & Co. dropped their target price on shares of Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. Barclays upgraded shares of Taylor Morrison Home from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $75.00 to $90.00 in a report on Wednesday, December 11th. Royal Bank of Canada lifted 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, February 13th. Finally, Seaport Res Ptn upgraded Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 6th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $82.43.

Taylor Morrison Home Company 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.