Charles Schwab Investment Management Inc. Boosts Stake in Taylor Morrison Home Co. (NYSE:TMHC)

Charles Schwab Investment Management Inc. grew its stake in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 26.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,362,020 shares of the construction company's stock after buying an additional 282,227 shares during the period. Charles Schwab Investment Management Inc. owned 1.32% of Taylor Morrison Home worth $95,696,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD grew its holdings in shares of Taylor Morrison Home by 2.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 78,897 shares of the construction company's stock worth $4,906,000 after purchasing an additional 2,028 shares during the last quarter. SVB Wealth LLC acquired a new position in Taylor Morrison Home during the first quarter worth approximately $224,000. Janus Henderson Group PLC increased its position in Taylor Morrison Home by 22.3% during the first quarter. Janus Henderson Group PLC now owns 76,608 shares of the construction company's stock worth $4,761,000 after buying an additional 13,987 shares during the period. Comerica Bank lifted its stake in Taylor Morrison Home by 18.0% in the first quarter. Comerica Bank now owns 53,082 shares of the construction company's stock valued at $3,300,000 after buying an additional 8,091 shares during the last quarter. Finally, Burney Co. boosted its holdings in shares of Taylor Morrison Home by 12.7% in the first quarter. Burney Co. now owns 270,162 shares of the construction company's stock valued at $16,796,000 after acquiring an additional 30,431 shares during the period. 95.16% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TMHC has been the subject of several research reports. Royal Bank of Canada upped their price target on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Zelman & Associates raised shares of Taylor Morrison Home from a "neutral" rating to an "outperform" rating in a report on Monday, August 12th. Wedbush raised Taylor Morrison Home from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $65.00 to $85.00 in a report on Friday, October 25th. Barclays upped their price objective on Taylor Morrison Home from $72.00 to $75.00 and gave the company an "equal weight" rating in a research note on Thursday, October 24th. Finally, StockNews.com upgraded Taylor Morrison Home from a "hold" rating to a "buy" rating in a research note on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $77.33.

Insider Activity at Taylor Morrison Home

In other Taylor Morrison Home news, EVP Darrell Sherman sold 68,433 shares of the company's stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $70.50, for a total value of $4,824,526.50. Following the sale, the executive vice president now owns 109,217 shares of the company's stock, valued at approximately $7,699,798.50. This represents a 38.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William H. Lyon sold 9,075 shares of the firm's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $72.08, for a total value of $654,126.00. Following the completion of the transaction, the director now owns 2,136,241 shares of the company's stock, valued at approximately $153,980,251.28. This represents a 0.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 104,337 shares of company stock worth $7,356,683 over the last 90 days. Company insiders own 3.50% of the company's stock.

Taylor Morrison Home Stock Performance

Shares of TMHC stock opened at $74.11 on Wednesday. The company has a current ratio of 6.24, a quick ratio of 0.69 and a debt-to-equity ratio of 0.37. The stock has a 50 day simple moving average of $69.65 and a 200-day simple moving average of $63.87. The company has a market cap of $7.67 billion, a price-to-earnings ratio of 9.80 and a beta of 1.96. Taylor Morrison Home Co. has a 12-month low of $44.32 and a 12-month high of $75.49.

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