Sei Investments Co. Has $29.76 Million Stock Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

Sei Investments Co. increased its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 18.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 486,250 shares of the construction company's stock after purchasing an additional 75,481 shares during the quarter. Sei Investments Co. owned approximately 0.47% of Taylor Morrison Home worth $29,763,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. State Street Corp lifted its position in Taylor Morrison Home by 2.8% during the 3rd quarter. State Street Corp now owns 4,987,968 shares of the construction company's stock worth $350,455,000 after buying an additional 136,432 shares in the last quarter. Principal Financial Group Inc. raised its holdings 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 worth $144,144,000 after acquiring an additional 69,222 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Taylor Morrison Home by 26.1% during the third 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 during the last quarter. Fisher Asset Management LLC boosted its position in 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, William Blair Investment Management LLC grew its stake in Taylor Morrison Home by 2.5% in the fourth quarter. William Blair Investment Management LLC now owns 781,005 shares of the construction company's stock valued at $47,805,000 after purchasing an additional 18,903 shares in the last quarter. Institutional investors own 95.16% of the company's stock.

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Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TMHC shares. JPMorgan Chase & Co. dropped their price objective on Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th. Royal Bank of Canada increased their price target 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. Seaport Res Ptn upgraded shares of Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 6th. Barclays raised shares of Taylor Morrison Home from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $75.00 to $90.00 in a report on Wednesday, December 11th. Finally, StockNews.com cut Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Taylor Morrison Home has an average rating of "Moderate Buy" and an average target price of $82.43.

Taylor Morrison Home Stock Performance

Taylor Morrison Home stock traded down $1.22 during trading hours on Friday, hitting $60.05. The company had a trading volume of 862,072 shares, compared to its average volume of 877,622. The firm has a 50-day moving average of $62.41 and a 200 day moving average of $65.70. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.39 and a quick ratio of 0.94. The firm has a market cap of $6.11 billion, a PE ratio of 7.25 and a beta of 2.06. Taylor Morrison Home Co. has a one year low of $53.17 and a one year high of $75.49.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last announced its earnings results on Wednesday, February 12th. The construction company reported $2.64 earnings per share 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, sell-side analysts expect that Taylor Morrison Home Co. will post 8.93 earnings per share for the current year.

Insider Transactions at Taylor Morrison Home

In other news, Director David C. Merritt sold 2,402 shares of the company'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 transaction 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 firm'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 disclosure for this sale can be found here. Insiders own 3.50% of the company's stock.

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.