Prudential Financial Inc. Has $13.81 Million Position in Taylor Morrison Home Co. (NYSE:TMHC)

Prudential Financial Inc. grew its holdings in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 71.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 225,569 shares of the construction company's stock after acquiring an additional 93,903 shares during the quarter. Prudential Financial Inc. owned 0.22% of Taylor Morrison Home worth $13,807,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. CIBC Asset Management Inc grew its position in Taylor Morrison Home by 5.5% in the 4th quarter. CIBC Asset Management Inc now owns 3,302 shares of the construction company's stock worth $202,000 after purchasing an additional 173 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Taylor Morrison Home by 1.2% in the fourth quarter. Pacer Advisors Inc. now owns 15,428 shares of the construction company's stock valued at $944,000 after buying an additional 180 shares during the period. Captrust Financial Advisors grew its position in Taylor Morrison Home by 2.9% during the third quarter. Captrust Financial Advisors now owns 8,340 shares of the construction company's stock worth $586,000 after buying an additional 234 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in Taylor Morrison Home by 43.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company's stock valued at $49,000 after acquiring an additional 243 shares during the period. Finally, Smartleaf Asset Management LLC raised its holdings in Taylor Morrison Home by 41.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company's stock valued at $51,000 after acquiring an additional 243 shares in the last quarter. Institutional investors own 95.16% of the company's stock.

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Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TMHC. JPMorgan Chase & Co. decreased their price objective on Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. Seaport Res Ptn upgraded shares of Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 6th. Barclays upgraded shares of Taylor Morrison Home from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $75.00 to $90.00 in a research report on Wednesday, December 11th. Wolfe Research raised shares of Taylor Morrison Home from a "peer perform" rating to an "outperform" rating and set a $76.00 price target for the company in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada lifted their price objective on Taylor Morrison Home from $72.00 to $74.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $82.43.

Insider Activity at Taylor Morrison Home

In other news, Director David C. Merritt sold 2,402 shares of Taylor Morrison Home 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Joseph Terracciano sold 1,537 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total value of $93,372.75. The disclosure for this sale can be found here. 3.50% of the stock is currently owned by company insiders.

Taylor Morrison Home Price Performance

Taylor Morrison Home stock traded up $0.02 during trading hours on Monday, hitting $60.00. 272,137 shares of the stock were exchanged, compared to its average volume of 875,300. Taylor Morrison Home Co. has a 12 month low of $53.17 and a 12 month high of $75.49. The business's 50-day moving average is $62.41 and its two-hundred day moving average is $65.71. 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 stock has a market capitalization of $6.10 billion, a P/E ratio of 7.25 and a beta of 2.06.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The construction company reported $2.64 earnings per share for the quarter, beating analysts' consensus estimates of $2.40 by $0.24. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. Equities research analysts expect that Taylor Morrison Home Co. will post 8.93 EPS for the current fiscal 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.