Taylor Morrison Home Co. (NYSE:TMHC) Shares Purchased by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt raised its position in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 19.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 36,900 shares of the construction company's stock after purchasing an additional 6,000 shares during the period. Livforsakringsbolaget Skandia Omsesidigt's holdings in Taylor Morrison Home were worth $2,259,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in TMHC. V Square Quantitative Management LLC purchased a new stake in Taylor Morrison Home in the 3rd quarter valued at approximately $29,000. Harbor Capital Advisors Inc. acquired a new position in shares of Taylor Morrison Home in the third quarter worth $34,000. UMB Bank n.a. lifted its position in shares of Taylor Morrison Home by 263.9% in the third quarter. UMB Bank n.a. now owns 535 shares of the construction company's stock valued at $38,000 after acquiring an additional 388 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Taylor Morrison Home by 43.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company's stock valued at $49,000 after acquiring an additional 243 shares during the last quarter. Finally, Peterson Financial Group Inc. purchased a new stake in Taylor Morrison Home during the 3rd quarter worth about $62,000. Hedge funds and other institutional investors own 95.16% of the company's stock.

Taylor Morrison Home Trading Down 0.2 %

Shares of TMHC stock traded down $0.13 on Tuesday, reaching $62.09. 1,244,322 shares of the stock were exchanged, compared to its average volume of 934,719. The company has a quick ratio of 0.69, a current ratio of 6.24 and a debt-to-equity ratio of 0.37. The stock has a market cap of $6.42 billion, a P/E ratio of 8.21 and a beta of 2.03. The firm has a 50 day moving average of $63.96 and a two-hundred day moving average of $66.43. Taylor Morrison Home Co. has a 1-year low of $52.72 and a 1-year high of $75.49.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TMHC. Wedbush upgraded shares of Taylor Morrison Home from a "neutral" rating to an "outperform" rating and upped their target price for the company from $65.00 to $85.00 in a report on Friday, October 25th. JPMorgan Chase & Co. reduced their price objective on shares of Taylor Morrison Home from $101.00 to $90.00 and set an "overweight" rating on the stock in a research note on Friday, December 13th. StockNews.com cut shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Barclays raised Taylor Morrison Home from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $75.00 to $90.00 in a research note on Wednesday, December 11th. Finally, Raymond James reaffirmed an "outperform" rating and issued a $84.00 price objective (up previously from $81.00) on shares of Taylor Morrison Home in a research report on Tuesday, October 29th. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Taylor Morrison Home currently has a consensus rating of "Moderate Buy" and an average price target of $84.00.

Insider Buying and Selling at Taylor Morrison Home

In other Taylor Morrison Home news, Director William H. Lyon sold 24,284 shares of Taylor Morrison Home stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $74.46, for a total transaction of $1,808,186.64. Following the transaction, the director now directly owns 2,045,316 shares of the company's stock, valued at $152,294,229.36. The trade was a 1.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 3.50% of the stock is owned by company insiders.

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.