LPL Financial LLC raised its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 258.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 57,173 shares of the construction company's stock after acquiring an additional 41,219 shares during the period. LPL Financial LLC owned approximately 0.06% of Taylor Morrison Home worth $3,500,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Lord Abbett & CO. LLC grew 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 period. Principal Financial Group Inc. grew its holdings in shares of Taylor Morrison Home by 3.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company's stock worth $144,144,000 after acquiring an additional 69,222 shares during the period. Sheets Smith Wealth Management purchased a new position in Taylor Morrison Home in the 4th quarter valued at approximately $550,000. Financial Enhancement Group LLC acquired a new position in Taylor Morrison Home during the fourth quarter worth $5,840,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in 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 worth $49,000 after purchasing an additional 243 shares in the last quarter. 95.16% of the stock is currently owned by hedge funds and other institutional investors.
Taylor Morrison Home Stock Up 1.9 %
Shares of NYSE:TMHC traded up $1.03 during mid-day trading on Thursday, hitting $55.94. 246,496 shares of the company traded hands, compared to its average volume of 1,057,441. The firm has a market cap of $5.69 billion, a P/E ratio of 6.76 and a beta of 1.76. Taylor Morrison Home Co. has a 52-week low of $51.90 and a 52-week high of $75.49. The firm's 50 day simple moving average is $60.01 and its 200 day simple moving average is $64.52. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.94 and a current ratio of 6.39.
Taylor Morrison Home (NYSE:TMHC - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The construction company reported $2.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.24. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. On average, equities analysts anticipate that Taylor Morrison Home Co. will post 8.93 EPS for the current year.
Insiders Place Their Bets
In related news, CAO Joseph Terracciano sold 1,537 shares of Taylor Morrison Home stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total value of $93,372.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David C. Merritt sold 2,402 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was 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 company insiders.
Wall Street Analyst Weigh In
TMHC has been the topic of several recent research reports. StockNews.com lowered shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Barclays reduced their target price on Taylor Morrison Home from $90.00 to $70.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Wolfe Research raised Taylor Morrison Home from a "peer perform" rating to an "outperform" rating and set a $76.00 price target for the company in a report on Wednesday, January 8th. Seaport Res Ptn upgraded Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research report on Thursday, March 6th. Finally, BTIG Research set a $75.00 price objective on Taylor Morrison Home and gave the stock a "buy" rating in a research report on Wednesday. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, Taylor Morrison Home has an average rating of "Moderate Buy" and an average price target of $78.00.
View Our Latest Stock Analysis on TMHC
About Taylor Morrison Home
(
Free Report)
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.
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