Counterpoint Mutual Funds LLC Purchases 6,881 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Counterpoint Mutual Funds LLC boosted its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 174.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,825 shares of the construction company's stock after purchasing an additional 6,881 shares during the period. Counterpoint Mutual Funds LLC's holdings in Taylor Morrison Home were worth $663,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Cibc World Markets Corp bought a new stake in shares of Taylor Morrison Home during the 4th quarter worth $586,000. Corient Private Wealth LLC lifted its holdings in shares of Taylor Morrison Home by 0.7% in the fourth quarter. Corient Private Wealth LLC now owns 82,361 shares of the construction company's stock worth $5,038,000 after acquiring an additional 607 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in shares of Taylor Morrison Home by 13.7% in the 4th quarter. First Eagle Investment Management LLC now owns 222,301 shares of the construction company's stock valued at $13,607,000 after purchasing an additional 26,800 shares in the last quarter. Vestcor Inc grew its holdings in shares of Taylor Morrison Home by 82.4% during the 4th quarter. Vestcor Inc now owns 26,820 shares of the construction company's stock valued at $1,642,000 after purchasing an additional 12,120 shares during the last quarter. Finally, Jupiter Asset Management Ltd. increased its position in Taylor Morrison Home by 2,101.4% during the 4th quarter. Jupiter Asset Management Ltd. now owns 95,804 shares of the construction company's stock worth $5,864,000 after purchasing an additional 91,452 shares in the last quarter. Institutional investors and hedge funds own 95.16% of the company's stock.

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Taylor Morrison Home Trading Down 2.3 %

Taylor Morrison Home stock traded down $1.37 during mid-day trading on Friday, hitting $59.41. 1,867,268 shares of the stock were exchanged, compared to its average volume of 822,853. The stock has a market capitalization of $6.04 billion, a price-to-earnings ratio of 7.18 and a beta of 2.06. The firm's fifty day simple moving average is $62.75 and its two-hundred day simple moving average is $65.87. The company has a quick ratio of 0.94, a current ratio of 6.39 and a debt-to-equity ratio of 0.36. Taylor Morrison Home Co. has a 12 month low of $53.17 and a 12 month high of $75.49.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The construction company reported $2.64 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.24. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. Analysts forecast that Taylor Morrison Home Co. will post 8.93 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TMHC. Royal Bank of Canada boosted 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. StockNews.com downgraded Taylor Morrison Home from a "buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Wolfe Research raised Taylor Morrison Home from a "peer perform" rating to an "outperform" rating and set a $76.00 price target on the stock in a research note on Wednesday, January 8th. JPMorgan Chase & Co. lowered their price objective on Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating for the company in a research note on Tuesday, February 18th. Finally, 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. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $82.43.

Insider Activity at Taylor Morrison Home

In other news, Director David C. Merritt sold 2,402 shares of Taylor Morrison Home 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 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 dated Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total transaction of $93,372.75. The disclosure for this sale can be found here. 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.