Raymond James Financial Inc. Takes Position in Taylor Morrison Home Co. (NYSE:TMHC)

Raymond James Financial Inc. purchased a new stake in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 82,193 shares of the construction company's stock, valued at approximately $5,031,000. Raymond James Financial Inc. owned approximately 0.08% of Taylor Morrison Home at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Principal Financial Group Inc. lifted its position in Taylor Morrison Home by 3.5% during the third 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 in the last quarter. Norges Bank acquired a new stake in shares of Taylor Morrison Home in the 4th quarter worth approximately $93,810,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Taylor Morrison Home by 1.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,369,832 shares of the construction company's stock valued at $83,847,000 after purchasing an additional 20,908 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Taylor Morrison Home by 9.0% during the fourth quarter. Fisher Asset Management LLC now owns 1,255,266 shares of the construction company's stock valued at $76,835,000 after purchasing an additional 103,289 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Taylor Morrison Home by 24.0% in the fourth quarter. JPMorgan Chase & Co. now owns 811,253 shares of the construction company's stock valued at $49,657,000 after purchasing an additional 156,793 shares in the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on TMHC shares. StockNews.com downgraded shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Wolfe Research upgraded 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. Wedbush restated an "outperform" rating and set a $85.00 price target on shares of Taylor Morrison Home in a research note on Wednesday, April 23rd. BTIG Research set a $75.00 price objective on shares of Taylor Morrison Home and gave the company a "buy" rating in a research note on Wednesday, April 16th. 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 investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $77.86.

Taylor Morrison Home Price Performance

NYSE TMHC traded down $0.33 during trading on Tuesday, hitting $56.93. 736,671 shares of the company's stock were exchanged, compared to its average volume of 906,289. 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 fifty-two week low of $51.90 and a fifty-two week high of $75.49. The company has a market cap of $5.79 billion, a PE ratio of 6.88 and a beta of 1.76. The stock's 50 day moving average price is $59.05 and its two-hundred day moving average price is $63.84.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The construction company reported $2.18 earnings per share for the quarter, topping analysts' consensus estimates of $1.85 by $0.33. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.81 billion. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. Taylor Morrison Home's quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.75 earnings per share. Research analysts expect that Taylor Morrison Home Co. will post 8.93 EPS for the current year.

Insider Buying and Selling

In related news, Director David C. Merritt sold 2,402 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total transaction of $153,679.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Joseph Terracciano sold 1,537 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total value of $93,372.75. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by corporate 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.