Taylor Morrison Home Co. (NYSE:TMHC) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 20.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 30,672 shares of the construction company's stock after acquiring an additional 5,307 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Taylor Morrison Home were worth $1,877,000 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 boosted its position in shares of Taylor Morrison Home by 68.1% in 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 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. acquired a new stake in shares of Taylor Morrison Home in the 4th quarter valued at about $51,000. Smartleaf Asset Management LLC boosted its position in shares of 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 purchasing an additional 243 shares during the period. Finally, R Squared Ltd acquired a new stake in shares of Taylor Morrison Home in the 4th quarter valued at about $61,000. Hedge funds and other institutional investors own 95.16% of the company's stock.

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Taylor Morrison Home Stock Performance

Shares of TMHC stock traded down $1.37 during trading hours on Friday, reaching $59.41. 1,785,172 shares of the company's stock were exchanged, compared to its average volume of 822,542. The company has a market cap of $6.04 billion, a P/E ratio of 7.18 and a beta of 2.06. The company's 50 day moving average is $62.75 and its two-hundred day moving average is $65.87. Taylor Morrison Home Co. has a 1 year low of $53.17 and a 1 year high of $75.49. 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 (NYSE:TMHC - Get Free Report) last issued its earnings results on Wednesday, February 12th. The construction company reported $2.64 earnings per share (EPS) for the quarter, topping 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 anticipate that Taylor Morrison Home Co. will post 8.93 EPS for the current fiscal year.

Analysts Set New Price Targets

TMHC has been the subject of a number of research analyst reports. Seaport Res Ptn raised Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research report on Thursday, March 6th. Royal Bank of Canada increased their price objective on Taylor Morrison Home from $72.00 to $74.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Wolfe Research raised Taylor Morrison Home from a "peer perform" rating to an "outperform" rating and set a $76.00 price objective for the company in a research report on Wednesday, January 8th. StockNews.com cut Taylor Morrison Home from a "buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Finally, Barclays raised Taylor Morrison Home from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $75.00 to $90.00 in a research report on Wednesday, December 11th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Taylor Morrison Home has a consensus rating of "Moderate Buy" and an average price target of $82.43.

Insider Activity at Taylor Morrison Home

In other Taylor Morrison Home news, CAO Joseph Terracciano sold 1,537 shares of the firm's stock in a transaction 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David C. Merritt sold 2,402 shares of the firm's 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 disclosure for this sale can be found here. 3.50% of the stock is currently owned by company 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.