Paloma Partners Management Co Buys Shares of 7,991 Taylor Morrison Home Co. (NYSE:TMHC)

Paloma Partners Management Co purchased a new stake in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) in the third quarter, according to its most recent filing with the SEC. The firm purchased 7,991 shares of the construction company's stock, valued at approximately $561,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. grew its stake in shares of Taylor Morrison Home by 3.5% during the 3rd quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company's stock valued at $144,144,000 after buying an additional 69,222 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Taylor Morrison Home by 26.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,362,020 shares of the construction company's stock valued at $95,696,000 after purchasing an additional 282,227 shares in the last quarter. Fisher Asset Management LLC increased its holdings in Taylor Morrison Home by 2.5% in the 3rd quarter. Fisher Asset Management LLC now owns 1,151,977 shares of the construction company's stock valued at $80,938,000 after purchasing an additional 28,166 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Taylor Morrison Home by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,066,470 shares of the construction company's stock valued at $59,125,000 after purchasing an additional 4,638 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Taylor Morrison Home by 271.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 896,032 shares of the construction company's stock valued at $62,955,000 after purchasing an additional 654,541 shares in the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Taylor Morrison Home Trading Down 3.4 %

Taylor Morrison Home stock traded down $2.48 during midday trading on Wednesday, reaching $70.38. The stock had a trading volume of 840,250 shares, compared to its average volume of 794,550. The firm's fifty day simple moving average is $70.03 and its two-hundred day simple moving average is $64.38. Taylor Morrison Home Co. has a twelve month low of $45.81 and a twelve month high of $75.49. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.24 and a quick ratio of 0.69. The firm has a market cap of $7.28 billion, a price-to-earnings ratio of 9.31 and a beta of 1.97.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.37 EPS for the quarter, topping analysts' consensus estimates of $2.06 by $0.31. The firm had revenue of $2.12 billion during the quarter, compared to analyst estimates of $1.96 billion. Taylor Morrison Home had a net margin of 10.39% and a return on equity of 15.91%. The company's revenue was up 26.6% on a year-over-year basis. During the same quarter last year, the business posted $1.62 EPS. Equities analysts anticipate that Taylor Morrison Home Co. will post 8.44 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TMHC. Raymond James restated an "outperform" rating and set a $84.00 target price (up from $81.00) on shares of Taylor Morrison Home in a research note on Tuesday, October 29th. Barclays raised their target price on Taylor Morrison Home from $72.00 to $75.00 and gave the company an "equal weight" rating in a research note on Thursday, October 24th. Zelman & Associates upgraded Taylor Morrison Home from a "neutral" rating to an "outperform" rating in a research note on Monday, August 12th. BTIG Research raised their target price on Taylor Morrison Home from $78.00 to $86.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Finally, Wedbush upgraded Taylor Morrison Home from a "neutral" rating to an "outperform" rating and raised their target price for the company from $65.00 to $85.00 in a research note on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $77.33.

Insider Buying and Selling at Taylor Morrison Home

In other news, EVP Darrell Sherman sold 68,433 shares of the business's stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $70.50, for a total transaction of $4,824,526.50. Following the transaction, the executive vice president now owns 109,217 shares in the company, valued at approximately $7,699,798.50. The trade was a 38.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director William H. Lyon sold 24,284 shares of the business's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $74.46, for a total transaction of $1,808,186.64. Following the transaction, the director now owns 2,045,316 shares in the company, valued at approximately $152,294,229.36. The trade was a 1.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 128,621 shares of company stock valued at $9,164,869 in the last quarter. Company insiders own 3.50% of the company's stock.

Taylor Morrison Home 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.