Legal & General Group Plc Has $13.34 Million Position in Taylor Morrison Home Co. (NYSE:TMHC)

Legal & General Group Plc lowered its position in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 3.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 217,882 shares of the construction company's stock after selling 7,032 shares during the quarter. Legal & General Group Plc owned 0.21% of Taylor Morrison Home worth $13,337,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Taylor Morrison Home in the fourth quarter valued at $93,810,000. Boston Partners boosted its position in Taylor Morrison Home by 88.7% during the 4th quarter. Boston Partners now owns 594,347 shares of the construction company's stock worth $36,794,000 after acquiring an additional 279,361 shares during the period. Barclays PLC grew 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 valued at $29,539,000 after acquiring an additional 167,735 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Taylor Morrison Home by 24.0% in the fourth quarter. JPMorgan Chase & Co. now owns 811,253 shares of the construction company's stock worth $49,657,000 after purchasing an additional 156,793 shares in the last quarter. Finally, World Investment Advisors LLC purchased a new stake in shares of Taylor Morrison Home in the third quarter worth approximately $10,291,000. 95.16% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Taylor Morrison Home

In other news, CAO Joseph Terracciano sold 1,537 shares of the firm's stock in a transaction on Tuesday, March 11th. The shares were 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 at this hyperlink. Also, 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 disclosure for this sale can be found here. Corporate insiders own 3.50% of the company's stock.

Taylor Morrison Home Stock Performance

TMHC traded up $1.53 on Friday, hitting $56.44. The company had a trading volume of 1,008,345 shares, compared to its average volume of 889,849. The stock has a market cap of $5.74 billion, a price-to-earnings ratio of 6.82 and a beta of 1.76. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.39 and a quick ratio of 0.94. The company's fifty day moving average price is $59.89 and its 200 day moving average price is $64.43. 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 issued its quarterly earnings data on Wednesday, February 12th. The construction company reported $2.64 earnings per share for the quarter, topping analysts' consensus estimates of $2.40 by $0.24. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. Equities analysts predict that Taylor Morrison Home Co. will post 8.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. StockNews.com lowered shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note on Wednesday, January 8th. 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 report on Thursday, February 13th. JPMorgan Chase & Co. lowered their target price on Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th. BTIG Research set a $75.00 price target on Taylor Morrison Home and gave the stock a "buy" rating in a research note on Wednesday. Finally, Seaport Res Ptn raised Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 6th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $78.00.

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.