Martingale Asset Management L P Acquires 6,314 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Martingale Asset Management L P increased its position in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 14.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,280 shares of the construction company's stock after acquiring an additional 6,314 shares during the period. Martingale Asset Management L P's holdings in Taylor Morrison Home were worth $3,078,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Captrust Financial Advisors raised its position in shares of Taylor Morrison Home by 2.9% in the third quarter. Captrust Financial Advisors now owns 8,340 shares of the construction company's stock valued at $586,000 after purchasing an additional 234 shares during the period. Centiva Capital LP acquired a new stake in Taylor Morrison Home during the third quarter worth $206,000. Wolverine Trading LLC bought a new stake in Taylor Morrison Home in the 3rd quarter valued at $298,000. XTX Topco Ltd bought a new stake in Taylor Morrison Home in the third quarter valued at about $954,000. Finally, Barclays PLC raised its position in Taylor Morrison Home by 66.4% in the third quarter. Barclays PLC now owns 420,419 shares of the construction company's stock worth $29,539,000 after purchasing an additional 167,735 shares in the last quarter. Hedge funds and other institutional investors own 95.16% of the company's stock.

Taylor Morrison Home Trading Down 0.4 %

TMHC traded down $0.23 during mid-day trading on Tuesday, reaching $55.74. The stock had a trading volume of 178,250 shares, compared to its average volume of 886,491. The stock has a market capitalization of $5.67 billion, a P/E ratio of 6.73 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 company has a debt-to-equity ratio of 0.36, a quick ratio of 0.94 and a current ratio of 6.39. The firm's fifty day simple moving average is $60.32 and its two-hundred day simple moving average is $64.65.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The construction company reported $2.64 EPS for the quarter, topping analysts' consensus estimates of $2.40 by $0.24. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. On average, equities analysts predict that Taylor Morrison Home Co. will post 8.93 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on TMHC shares. Barclays cut their target price on Taylor Morrison Home from $90.00 to $70.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Seaport Res Ptn upgraded shares of Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research report on Thursday, March 6th. JPMorgan Chase & Co. dropped their price objective on shares of Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating for the company in a report on Tuesday, February 18th. Royal Bank of Canada lifted their target price on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Finally, StockNews.com cut Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $79.57.

Insider Buying and Selling

In related news, CAO Joseph Terracciano sold 1,537 shares of the company's 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 at this link. Also, Director David C. Merritt sold 2,402 shares of the stock in a transaction dated 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 currently owned by insiders.

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.