Sheets Smith Investment Management Invests $1.34 Million in Taylor Morrison Home Co. (NYSE:TMHC)

Sheets Smith Investment Management acquired a new position in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 21,840 shares of the construction company's stock, valued at approximately $1,337,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. LPL Financial LLC boosted its holdings in Taylor Morrison Home by 258.4% in the fourth quarter. LPL Financial LLC now owns 57,173 shares of the construction company's stock valued at $3,500,000 after purchasing an additional 41,219 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in shares of Taylor Morrison Home in the 4th quarter valued at $992,000. KLP Kapitalforvaltning AS purchased a new position in shares of Taylor Morrison Home in the 4th quarter valued at $1,347,000. AXQ Capital LP acquired a new stake in Taylor Morrison Home during the 4th quarter worth $268,000. Finally, Sei Investments Co. lifted its position in Taylor Morrison Home by 18.4% in the fourth quarter. Sei Investments Co. now owns 486,250 shares of the construction company's stock valued at $29,763,000 after acquiring an additional 75,481 shares during the last quarter. Institutional investors and hedge funds own 95.16% of the company's stock.

Insiders Place Their Bets

In related news, CAO Joseph Terracciano sold 1,537 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total transaction of $93,372.75. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director David C. Merritt sold 2,402 shares of the 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 currently owned by insiders.

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Wall Street Analyst Weigh In

Several brokerages have issued reports on TMHC. JPMorgan Chase & Co. cut their target price on Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 18th. StockNews.com lowered Taylor Morrison Home from a "buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Barclays upgraded shares of Taylor Morrison Home from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $75.00 to $90.00 in a research report on Wednesday, December 11th. 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, Wolfe Research upgraded shares of Taylor Morrison Home from a "peer perform" rating to an "outperform" rating and set a $76.00 price target for the company in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Taylor Morrison Home currently has a consensus rating of "Moderate Buy" and an average price target of $82.43.

Taylor Morrison Home Stock Performance

TMHC traded down $1.22 during trading on Friday, hitting $60.05. The stock had a trading volume of 862,072 shares, compared to its average volume of 877,622. The firm has a market capitalization of $6.11 billion, a P/E ratio of 7.25 and a beta of 2.06. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.94 and a current ratio of 6.39. Taylor Morrison Home Co. has a twelve month low of $53.17 and a twelve month high of $75.49. The company's 50-day moving average price is $62.41 and its 200 day moving average price is $65.69.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last issued 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 net margin of 10.81% and a return on equity of 16.50%. On average, equities research analysts forecast that Taylor Morrison Home Co. will post 8.93 EPS for the current fiscal year.

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.