Fisher Asset Management LLC Purchases 103,289 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Fisher Asset Management LLC boosted its position in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 9.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,255,266 shares of the construction company's stock after purchasing an additional 103,289 shares during the quarter. Fisher Asset Management LLC owned about 1.21% of Taylor Morrison Home worth $76,835,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. SVB Wealth LLC bought a new stake in Taylor Morrison Home in the 4th quarter valued at about $209,000. Parkside Financial Bank & Trust lifted its position in Taylor Morrison Home by 68.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,441 shares of the construction company's stock valued at $88,000 after purchasing an additional 586 shares during the last quarter. QRG Capital Management Inc. lifted its position in Taylor Morrison Home by 10.1% in the 4th quarter. QRG Capital Management Inc. now owns 17,666 shares of the construction company's stock valued at $1,081,000 after purchasing an additional 1,618 shares during the last quarter. Versor Investments LP bought a new stake in Taylor Morrison Home in the 4th quarter valued at about $410,000. Finally, Proficio Capital Partners LLC bought a new stake in Taylor Morrison Home in the 4th quarter valued at about $4,489,000. 95.16% of the stock is currently owned by institutional investors.

Taylor Morrison Home Stock Down 2.1 %

Shares of TMHC stock traded down $1.27 during trading on Monday, hitting $60.37. 953,217 shares of the company were exchanged, compared to its average volume of 1,019,270. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.94 and a current ratio of 6.39. The firm has a market capitalization of $6.25 billion, a price-to-earnings ratio of 7.29 and a beta of 2.03. The business's 50-day simple moving average is $62.94 and its 200 day simple moving average is $66.37. Taylor Morrison Home Co. has a twelve month low of $53.17 and a twelve month high of $75.49.

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

Wall Street Analysts Forecast Growth

TMHC has been the topic of a number of recent analyst reports. Wolfe Research upgraded 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 report on Wednesday, January 8th. Royal Bank of Canada boosted their price target on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. StockNews.com downgraded shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Barclays upgraded shares of Taylor Morrison Home from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $75.00 to $90.00 in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of 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. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $82.43.

Insider Buying and Selling

In other Taylor Morrison Home news, Director David C. Merritt sold 2,402 shares of Taylor Morrison Home stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total value of $153,679.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.50% of the stock is currently owned by corporate insiders.

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.