William Blair Investment Management LLC Has $47.81 Million Stock Position in Taylor Morrison Home Co. (NYSE:TMHC)

William Blair Investment Management LLC increased its stake in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 2.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 781,005 shares of the construction company's stock after acquiring an additional 18,903 shares during the period. William Blair Investment Management LLC owned approximately 0.75% of Taylor Morrison Home worth $47,805,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in TMHC. V Square Quantitative Management LLC increased its position in shares of 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 valued at $42,000 after purchasing an additional 277 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted 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 buying an additional 243 shares in the last quarter. SRS Capital Advisors Inc. acquired a new position in Taylor Morrison Home during the fourth quarter worth about $51,000. Smartleaf Asset Management LLC raised its position in Taylor Morrison Home by 41.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company's stock worth $51,000 after acquiring an additional 243 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in Taylor Morrison Home in the 4th quarter valued at about $61,000. Institutional investors and hedge funds own 95.16% of the company's stock.

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Taylor Morrison Home Stock Down 2.3 %

Shares of Taylor Morrison Home stock traded down $1.37 on Friday, hitting $59.41. 1,817,168 shares of the company traded hands, compared to its average volume of 1,103,550. Taylor Morrison Home Co. has a 12-month low of $53.17 and a 12-month high of $75.49. The company has a quick ratio of 0.94, a current ratio of 6.39 and a debt-to-equity ratio of 0.36. The company has a market cap of $6.04 billion, a PE ratio of 7.18 and a beta of 2.06. The company has a 50-day moving average price of $62.75 and a 200 day moving average price of $65.87.

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%. Sell-side analysts predict that Taylor Morrison Home Co. will post 8.93 earnings per share for the current year.

Analysts Set New Price Targets

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

Insider Activity at Taylor Morrison Home

In related news, CAO Joseph Terracciano sold 1,537 shares of the firm'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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction of $153,679.96. The disclosure for this sale can be found here. 3.50% of the stock is owned by company insiders.

Taylor Morrison Home 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.