MetLife Investment Management LLC Raises Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

MetLife Investment Management LLC boosted its stake in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 7.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 118,151 shares of the construction company's stock after purchasing an additional 8,003 shares during the period. MetLife Investment Management LLC owned about 0.11% of Taylor Morrison Home worth $7,232,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in Taylor Morrison Home by 66.4% in the 3rd quarter. Barclays PLC now owns 420,419 shares of the construction company's stock valued at $29,539,000 after buying an additional 167,735 shares during the last quarter. World Investment Advisors LLC acquired a new position in Taylor Morrison Home in the 3rd quarter valued at approximately $10,291,000. Franklin Resources Inc. raised its stake in shares of Taylor Morrison Home by 15.3% during the third quarter. Franklin Resources Inc. now owns 618,360 shares of the construction company's stock valued at $42,345,000 after acquiring an additional 81,841 shares during the last quarter. Lord Abbett & CO. LLC lifted its holdings in shares of 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 purchasing an additional 11,302 shares during the period. Finally, Principal Financial Group Inc. grew its stake in shares of Taylor Morrison Home by 3.5% in the third quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company's stock worth $144,144,000 after purchasing an additional 69,222 shares during the last quarter. Institutional investors and hedge funds own 95.16% of the company's stock.

Insider Activity at Taylor Morrison Home

In other Taylor Morrison Home news, CAO Joseph Terracciano sold 1,537 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total value of $93,372.75. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director David C. Merritt sold 2,402 shares of the business'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. 1.40% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on TMHC. Royal Bank of Canada raised their target price on Taylor Morrison Home from $72.00 to $74.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. StockNews.com downgraded Taylor Morrison Home from a "buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Barclays set a $69.00 target price on Taylor Morrison Home and gave the company an "overweight" rating in a report on Thursday. Wolfe Research upgraded shares of 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. Finally, Seaport Res Ptn upgraded Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research report on Thursday, March 6th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $77.86.

Taylor Morrison Home Stock Performance

Shares of TMHC stock traded down $0.43 during trading hours on Friday, hitting $57.71. 825,163 shares of the company were exchanged, compared to its average volume of 905,045. The stock has a market capitalization of $5.87 billion, a price-to-earnings ratio of 6.97 and a beta of 1.76. The firm has a fifty day simple moving average of $59.14 and a 200 day simple moving average of $63.96. The company has a current ratio of 6.39, a quick ratio of 0.94 and a debt-to-equity ratio of 0.36. Taylor Morrison Home Co. has a 52-week low of $51.90 and a 52-week high of $75.49.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The construction company reported $2.18 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.33. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.81 billion. Research analysts predict that Taylor Morrison Home Co. will post 8.93 earnings per share for the current fiscal year.

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.