Taylor Morrison Home Co. (NYSE:TMHC) Stake Boosted by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its position in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 3.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 166,145 shares of the construction company's stock after acquiring an additional 5,319 shares during the quarter. Envestnet Asset Management Inc. owned 0.16% of Taylor Morrison Home worth $10,170,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of TMHC. Barclays PLC boosted its position in shares of Taylor Morrison Home by 66.4% in the 3rd quarter. Barclays PLC now owns 420,419 shares of the construction company's stock worth $29,539,000 after buying an additional 167,735 shares in the last quarter. M&T Bank Corp purchased a new stake in shares of Taylor Morrison Home in the third quarter valued at about $228,000. Sanctuary Advisors LLC grew its position in shares of Taylor Morrison Home by 16.2% in the third quarter. Sanctuary Advisors LLC now owns 15,464 shares of the construction company's stock valued at $1,099,000 after purchasing an additional 2,158 shares during the last quarter. World Investment Advisors LLC purchased a new position in shares of Taylor Morrison Home during the 3rd quarter worth approximately $10,291,000. Finally, Franklin Resources Inc. raised its position in shares of Taylor Morrison Home by 15.3% during the 3rd quarter. Franklin Resources Inc. now owns 618,360 shares of the construction company's stock worth $42,345,000 after purchasing an additional 81,841 shares during the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TMHC has been the subject of several recent research reports. Wedbush reissued an "outperform" rating and set a $85.00 price target on shares of Taylor Morrison Home in a research report on Wednesday. Wolfe Research raised shares of 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. cut their price objective on shares of Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating for the company in a research report on Tuesday, February 18th. StockNews.com cut shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Finally, Seaport Res Ptn raised Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 6th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, Taylor Morrison Home currently has a consensus rating of "Moderate Buy" and an average target price of $78.00.

Insider Buying and Selling

In other news, CAO Joseph Terracciano sold 1,537 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total transaction of $93,372.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $153,679.96. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by corporate insiders.

Taylor Morrison Home Trading Down 2.0 %

NYSE TMHC traded down $1.15 during mid-day trading on Wednesday, hitting $57.64. The company's stock had a trading volume of 1,028,403 shares, compared to its average volume of 895,367. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.39 and a quick ratio of 0.94. Taylor Morrison Home Co. has a 52-week low of $51.90 and a 52-week high of $75.49. The stock's fifty day simple moving average is $59.50 and its two-hundred day simple moving average is $64.14. The firm has a market capitalization of $5.86 billion, a P/E ratio of 6.97 and a beta of 1.76.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The construction company reported $2.18 EPS for the quarter, beating the consensus estimate of $1.85 by $0.33. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. Research analysts expect that Taylor Morrison Home Co. will post 8.93 EPS for the current year.

About Taylor Morrison Home

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.