Sheets Smith Wealth Management Makes New Investment in Taylor Morrison Home Co. (NYSE:TMHC)

Sheets Smith Wealth Management purchased a new position in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 8,979 shares of the construction company's stock, valued at approximately $550,000.

A number of other institutional investors have also recently bought and sold shares of the company. MQS Management LLC acquired a new stake in Taylor Morrison Home during the third quarter worth about $768,000. Lord Abbett & CO. LLC lifted its holdings in shares of Taylor Morrison Home by 2.5% during the 3rd 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 position 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 acquiring an additional 69,222 shares in the last quarter. Intech Investment Management LLC bought a new stake in Taylor Morrison Home in the third quarter valued at about $1,899,000. Finally, Creative Planning raised its position in Taylor Morrison Home by 46.3% in the third quarter. Creative Planning now owns 29,723 shares of the construction company's stock worth $2,088,000 after purchasing an additional 9,408 shares in the last quarter. Institutional investors and hedge funds own 95.16% of the company's stock.

Analyst Upgrades and Downgrades

TMHC has been the topic of several analyst reports. Barclays upgraded Taylor Morrison Home from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $75.00 to $90.00 in a research note on Wednesday, December 11th. BTIG Research boosted their price objective on Taylor Morrison Home from $78.00 to $86.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. 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. Royal Bank of Canada upped their price target on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Finally, Wolfe Research upgraded 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 report on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $84.00.

Taylor Morrison Home Stock Down 0.1 %

NYSE TMHC traded down $0.06 during trading hours on Thursday, reaching $66.07. 939,978 shares of the company's stock were exchanged, compared to its average volume of 849,270. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.69 and a current ratio of 6.24. Taylor Morrison Home Co. has a one year low of $50.99 and a one year high of $75.49. The company's 50-day moving average is $65.81 and its two-hundred day moving average is $66.14. The company has a market capitalization of $6.84 billion, a price-to-earnings ratio of 8.74 and a beta of 2.01.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.37 EPS for the quarter, beating analysts' consensus estimates of $2.06 by $0.31. Taylor Morrison Home had a return on equity of 15.91% and a net margin of 10.39%. The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period in the previous year, the company posted $1.62 earnings per share. The company's quarterly revenue was up 26.6% compared to the same quarter last year. On average, analysts forecast that Taylor Morrison Home Co. will post 8.44 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director William H. Lyon sold 24,284 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $74.46, for a total value of $1,808,186.64. Following the completion of the sale, the director now owns 2,045,316 shares of the company's stock, valued at approximately $152,294,229.36. This represents a 1.17 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Darrell Sherman sold 26,757 shares of the firm's stock in a transaction on Monday, October 28th. The shares were sold at an average price of $70.00, for a total value of $1,872,990.00. Following the sale, the executive vice president now directly owns 109,217 shares of the company's stock, valued at $7,645,190. This represents a 19.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 128,549 shares of company stock valued at $9,159,829 in the last quarter. 3.50% of the stock is currently owned by 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.