Bridges Investment Management Inc. Acquires 7,799 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Bridges Investment Management Inc. grew its position in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 110.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,854 shares of the construction company's stock after acquiring an additional 7,799 shares during the quarter. Bridges Investment Management Inc.'s holdings in Taylor Morrison Home were worth $909,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CIBC Asset Management Inc grew its stake in shares of Taylor Morrison Home by 5.5% in the fourth quarter. CIBC Asset Management Inc now owns 3,302 shares of the construction company's stock valued at $202,000 after buying an additional 173 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Taylor Morrison Home by 1.2% during the fourth quarter. Pacer Advisors Inc. now owns 15,428 shares of the construction company's stock worth $944,000 after purchasing an additional 180 shares during the period. Captrust Financial Advisors lifted its holdings in Taylor Morrison Home by 2.9% in the third quarter. Captrust Financial Advisors now owns 8,340 shares of the construction company's stock worth $586,000 after acquiring an additional 234 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Taylor Morrison Home by 43.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company's stock worth $49,000 after purchasing an additional 243 shares during the last quarter. Finally, Savant Capital LLC lifted its stake in Taylor Morrison Home by 5.3% in the fourth quarter. Savant Capital LLC now owns 5,012 shares of the construction company's stock valued at $307,000 after buying an additional 251 shares during the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on TMHC shares. Seaport Res Ptn lowered Taylor Morrison Home from a "hold" rating to a "strong sell" rating in a research report on Monday, January 27th. Royal Bank of Canada lifted their target price on Taylor Morrison Home from $72.00 to $74.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. StockNews.com lowered shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Wednesday, January 8th. Barclays raised Taylor Morrison Home from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $75.00 to $90.00 in a research report on Wednesday, December 11th. Finally, Wolfe Research upgraded shares of Taylor Morrison Home from a "peer perform" rating to an "outperform" rating and set a $76.00 target price for the company in a research report on Wednesday, January 8th. One investment 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's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $82.43.

Insider Buying and Selling at Taylor Morrison Home

In other Taylor Morrison Home news, Director David C. Merritt sold 2,402 shares of the firm's stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.50% of the company's stock.

Taylor Morrison Home Stock Performance

Taylor Morrison Home stock traded down $1.27 during trading hours on Monday, reaching $60.37. 953,217 shares of the company were exchanged, compared to its average volume of 1,019,270. The stock has a 50-day moving average of $62.95 and a 200 day moving average of $66.38. The company has a current ratio of 6.39, a quick ratio of 0.94 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. The firm has a market cap of $6.25 billion, a price-to-earnings ratio of 7.29 and a beta of 2.03.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last posted its earnings results on Wednesday, February 12th. The construction company reported $2.64 earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts anticipate that Taylor Morrison Home Co. will post 8.93 earnings per share for the current 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.