Invesco Ltd. trimmed its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 39.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,424,893 shares of the construction company's stock after selling 912,425 shares during the period. Invesco Ltd. owned 1.38% of Taylor Morrison Home worth $87,218,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Norges Bank bought a new position in Taylor Morrison Home during the 4th quarter worth approximately $93,810,000. Boston Partners increased its holdings in Taylor Morrison Home by 88.7% during the 4th quarter. Boston Partners now owns 594,347 shares of the construction company's stock worth $36,794,000 after purchasing an additional 279,361 shares in the last quarter. Barclays PLC lifted its stake in Taylor Morrison Home by 66.4% in the 3rd quarter. Barclays PLC now owns 420,419 shares of the construction company's stock valued at $29,539,000 after acquiring an additional 167,735 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Taylor Morrison Home by 24.0% in the fourth quarter. JPMorgan Chase & Co. now owns 811,253 shares of the construction company's stock worth $49,657,000 after purchasing an additional 156,793 shares in the last quarter. Finally, World Investment Advisors LLC acquired a new position in shares of Taylor Morrison Home during the 3rd quarter worth about $10,291,000. Institutional investors and hedge funds own 95.16% of the company's stock.
Taylor Morrison Home Trading Up 2.8 %
NYSE:TMHC traded up $1.53 during trading hours on Friday, hitting $56.44. 1,008,345 shares of the company were exchanged, compared to its average volume of 890,234. The company has a fifty day simple moving average of $59.89 and a 200 day simple moving average of $64.43. Taylor Morrison Home Co. has a one year low of $51.90 and a one year high of $75.49. The stock has a market capitalization of $5.74 billion, a price-to-earnings ratio of 6.82 and a beta of 1.76. The company has a current ratio of 6.39, a quick ratio of 0.94 and a debt-to-equity ratio of 0.36.
Taylor Morrison Home (NYSE:TMHC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The construction company reported $2.64 earnings per share (EPS) 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%. Sell-side analysts expect that Taylor Morrison Home Co. will post 8.93 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on TMHC. Wolfe Research raised shares of Taylor Morrison Home from a "peer perform" rating to an "outperform" rating and set a $76.00 target price for the company in a research note on Wednesday, January 8th. BTIG Research set a $75.00 target price on shares of Taylor Morrison Home and gave the company a "buy" rating in a research report on Wednesday. Barclays reduced their price target on Taylor Morrison Home from $90.00 to $70.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. StockNews.com cut shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. dropped their price objective on Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating for the company in a research report on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $78.00.
Get Our Latest Analysis on Taylor Morrison Home
Insiders Place Their Bets
In other Taylor Morrison Home news, 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 transaction of $153,679.96. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Joseph Terracciano sold 1,537 shares of the business's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total transaction of $93,372.75. The disclosure for this sale can be found here. Corporate insiders own 3.50% of the company's stock.
About Taylor Morrison Home
(
Free Report)
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.
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