Mitsubishi UFJ Trust & Banking Corp Raises Stock Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

Mitsubishi UFJ Trust & Banking Corp grew its position in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 26.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,189 shares of the construction company's stock after purchasing an additional 10,847 shares during the period. Mitsubishi UFJ Trust & Banking Corp's holdings in Taylor Morrison Home were worth $3,133,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Lord Abbett & CO. LLC raised its stake in shares of Taylor Morrison Home by 2.5% during the 3rd quarter. Lord Abbett & CO. LLC now owns 463,287 shares of the construction company's stock valued at $32,550,000 after purchasing an additional 11,302 shares during the period. Principal Financial Group Inc. lifted its holdings 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 buying an additional 69,222 shares in the last quarter. Sheets Smith Wealth Management bought a new position in shares of Taylor Morrison Home in the fourth quarter valued at approximately $550,000. Financial Enhancement Group LLC purchased a new position in Taylor Morrison Home during the fourth quarter valued at approximately $5,840,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in Taylor Morrison Home by 43.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company's stock worth $49,000 after acquiring an additional 243 shares during the period. 95.16% of the stock is owned by hedge funds and other institutional investors.

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Taylor Morrison Home Stock Down 5.9 %

Taylor Morrison Home stock traded down $3.61 during trading hours on Thursday, hitting $57.71. 1,180,916 shares of the stock traded hands, compared to its average volume of 878,561. Taylor Morrison Home Co. has a one year low of $53.17 and a one year high of $75.49. The company has a market cap of $5.87 billion, a PE ratio of 6.97 and a beta of 1.76. The firm's 50-day moving average price is $62.10 and its two-hundred day moving average price is $65.59. 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 (NYSE:TMHC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The construction company reported $2.64 earnings per share (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, research analysts forecast that Taylor Morrison Home Co. will post 8.93 EPS for the current year.

Insider Buying and Selling

In other news, Director David C. Merritt sold 2,402 shares of the firm's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $63.98, for a total transaction of $153,679.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction of $93,372.75. The disclosure for this sale can be found here. 3.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TMHC. JPMorgan Chase & Co. reduced their price target on shares of Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating for the company in a research report on Tuesday, February 18th. Barclays upgraded Taylor Morrison Home from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $75.00 to $90.00 in a research note on Wednesday, December 11th. StockNews.com downgraded Taylor Morrison Home from a "buy" rating to a "hold" rating in a research report on Wednesday, January 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. Finally, Royal Bank of Canada raised 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. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $82.43.

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.