Segall Bryant & Hamill LLC Cuts Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

Segall Bryant & Hamill LLC decreased its position in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 6.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,970 shares of the construction company's stock after selling 5,243 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.08% of Taylor Morrison Home worth $4,895,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC increased its stake in shares of Taylor Morrison Home by 2.5% in the third quarter. Lord Abbett & CO. LLC now owns 463,287 shares of the construction company's stock worth $32,550,000 after acquiring an additional 11,302 shares during the period. Principal Financial Group Inc. boosted its holdings in 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 valued at $144,144,000 after purchasing an additional 69,222 shares during the last quarter. Sheets Smith Wealth Management purchased a new position in shares of Taylor Morrison Home during the 4th quarter valued at about $550,000. Quantbot Technologies LP acquired a new position in shares of Taylor Morrison Home in the 3rd quarter valued at about $1,925,000. Finally, Citigroup Inc. grew its holdings in Taylor Morrison Home by 61.7% during the third quarter. Citigroup Inc. now owns 170,960 shares of the construction company's stock worth $12,012,000 after acquiring an additional 65,252 shares during the period. Institutional investors and hedge funds own 95.16% of the company's stock.

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Taylor Morrison Home Stock Up 0.0 %

NYSE TMHC traded up $0.02 during trading hours on Monday, hitting $60.00. 272,137 shares of the company were exchanged, compared to its average volume of 875,300. Taylor Morrison Home Co. has a 52-week low of $53.17 and a 52-week high of $75.49. The company has a 50 day moving average of $62.41 and a two-hundred day moving average of $65.71. The company has a quick ratio of 0.94, a current ratio of 6.39 and a debt-to-equity ratio of 0.36. The firm has a market cap of $6.10 billion, a price-to-earnings ratio of 7.25 and a beta of 2.06.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last announced its quarterly earnings results 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%. Equities research analysts anticipate that Taylor Morrison Home Co. will post 8.93 earnings per share for the current year.

Insider Buying and Selling

In other Taylor Morrison Home news, CAO Joseph Terracciano sold 1,537 shares of the company's stock in a transaction on 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 document filed with the SEC, which is accessible through the SEC website. Also, Director David C. Merritt sold 2,402 shares of the firm's stock in a transaction dated 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. 3.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have commented on TMHC. Barclays upgraded Taylor Morrison Home from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $75.00 to $90.00 in a research note on Wednesday, December 11th. Royal Bank of Canada lifted their target price on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Wolfe Research raised shares of Taylor Morrison Home from a "peer perform" rating to an "outperform" rating and set a $76.00 price objective for the company in a research note on Wednesday, January 8th. Seaport Res Ptn raised Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 6th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $82.43.

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.