Bruni J V & Co. Co. Sells 46,295 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Bruni J V & Co. Co. trimmed its position in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 5.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 816,652 shares of the construction company's stock after selling 46,295 shares during the quarter. Taylor Morrison Home makes up about 5.7% of Bruni J V & Co. Co.'s investment portfolio, making the stock its 6th largest holding. Bruni J V & Co. Co. owned approximately 0.79% of Taylor Morrison Home worth $49,987,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. State Street Corp lifted its holdings in shares of 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 valued at $350,455,000 after buying an additional 136,432 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Taylor Morrison Home by 3.5% in 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. Charles Schwab Investment Management Inc. raised its stake in shares of Taylor Morrison Home by 26.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,362,020 shares of the construction company's stock valued at $95,696,000 after acquiring an additional 282,227 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of Taylor Morrison Home by 2.5% in the 3rd quarter. Fisher Asset Management LLC now owns 1,151,977 shares of the construction company's stock valued at $80,938,000 after acquiring an additional 28,166 shares in the last quarter. Finally, Basswood Capital Management L.L.C. raised its stake in shares of Taylor Morrison Home by 10.4% in the 3rd quarter. Basswood Capital Management L.L.C. now owns 681,270 shares of the construction company's stock valued at $47,866,000 after acquiring an additional 64,388 shares in the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Taylor Morrison Home Stock Performance

Shares of NYSE:TMHC traded down $1.27 during trading on Monday, hitting $60.37. 953,217 shares of the stock were exchanged, compared to its average volume of 1,019,270. Taylor Morrison Home Co. has a 1-year low of $53.17 and a 1-year high of $75.49. The company has a market capitalization of $6.25 billion, a price-to-earnings ratio of 7.29 and a beta of 2.03. The company's fifty day simple moving average is $62.94 and its 200-day simple moving average is $66.37. 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 (NYSE:TMHC - Get Free Report) last announced 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 return on equity of 16.50% and a net margin of 10.81%. Sell-side analysts expect that Taylor Morrison Home Co. will post 8.93 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. cut 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. Seaport Res Ptn downgraded Taylor Morrison Home from a "hold" rating to a "strong sell" rating in a research note on Monday, January 27th. StockNews.com downgraded Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Barclays raised Taylor Morrison Home from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $75.00 to $90.00 in a research note on Wednesday, December 11th. Finally, Royal Bank of Canada lifted their price target on Taylor Morrison Home from $72.00 to $74.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $82.43.

Insider Transactions at Taylor Morrison Home

In related news, Director David C. Merritt sold 2,402 shares of the business's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $63.98, for a total value of $153,679.96. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 3.50% of the stock is 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.