Taylor Morrison Home Co. (NYSE:TMHC) Position Boosted by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its holdings in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 24.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 811,253 shares of the construction company's stock after purchasing an additional 156,793 shares during the quarter. JPMorgan Chase & Co. owned 0.78% of Taylor Morrison Home worth $49,657,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TMHC. V Square Quantitative Management LLC grew its stake in Taylor Morrison Home by 68.1% during the 4th quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company's stock worth $42,000 after purchasing an additional 277 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position 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 valued at $49,000 after purchasing an additional 243 shares during the period. SRS Capital Advisors Inc. purchased a new stake in Taylor Morrison Home during the 4th quarter valued at approximately $51,000. Smartleaf Asset Management LLC raised its stake in Taylor Morrison Home by 41.4% during 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 during the last quarter. Finally, R Squared Ltd purchased a new position in shares of Taylor Morrison Home during the 4th quarter worth approximately $61,000. Hedge funds and other institutional investors own 95.16% of the company's stock.

Taylor Morrison Home Price Performance

NYSE:TMHC traded down $1.27 during trading hours on Thursday, reaching $56.15. 76,467 shares of the company traded hands, compared to its average volume of 1,071,732. Taylor Morrison Home Co. has a 1-year low of $51.90 and a 1-year high of $75.49. The firm's 50-day moving average is $60.81 and its 200-day moving average is $64.96. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.39 and a quick ratio of 0.94. The stock has a market cap of $5.71 billion, a P/E ratio of 6.78 and a beta of 1.76.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last issued its earnings results on Wednesday, February 12th. The construction company reported $2.64 earnings per share for the quarter, topping the consensus estimate 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 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Seaport Res Ptn raised Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 6th. Royal Bank of Canada upped their price target on Taylor Morrison Home from $72.00 to $74.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. JPMorgan Chase & Co. lowered their price target 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. StockNews.com cut Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Wednesday, January 8th. Finally, Wolfe Research upgraded Taylor Morrison Home from a "peer perform" rating to an "outperform" rating and set a $76.00 price target on the stock in a report on Wednesday, January 8th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $79.57.

Insider Activity at Taylor Morrison Home

In other Taylor Morrison Home news, CAO Joseph Terracciano sold 1,537 shares of the company's 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director David C. Merritt sold 2,402 shares of the 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 disclosure for this sale can be found here. 3.50% of the stock is 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.