Taylor Morrison Home Co. (NYSE:TMHC) Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ cut its holdings in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 52.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,600 shares of the construction company's stock after selling 58,000 shares during the period. Skandinaviska Enskilda Banken AB publ owned about 0.05% of Taylor Morrison Home worth $3,275,000 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 lifted its holdings 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 worth $42,000 after acquiring an additional 277 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Taylor Morrison Home by 43.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company's stock worth $49,000 after acquiring an additional 243 shares during the period. SRS Capital Advisors Inc. purchased a new position in shares of Taylor Morrison Home during the 4th quarter worth about $51,000. Smartleaf Asset Management LLC lifted its holdings in shares of Taylor Morrison Home by 41.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company's stock worth $51,000 after acquiring an additional 243 shares during the period. Finally, Peterson Financial Group Inc. purchased a new position in shares of Taylor Morrison Home during the 3rd quarter worth about $62,000. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Seaport Res Ptn upgraded shares of Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a report on Thursday, March 6th. Barclays raised shares of Taylor Morrison Home from an "equal weight" rating to an "overweight" rating and increased 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 target price on shares of 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 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 report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. dropped 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 research report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $82.43.

Taylor Morrison Home Stock Up 1.0 %

Shares of Taylor Morrison Home stock traded up $0.61 on Thursday, hitting $60.82. 1,165,797 shares of the company's stock traded hands, compared to its average volume of 818,680. The stock has a market cap of $6.19 billion, a P/E ratio of 7.35 and a beta of 2.06. 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 firm's 50-day moving average is $62.75 and its 200 day moving average is $65.90. Taylor Morrison Home Co. has a 52-week low of $53.17 and a 52-week high of $75.49.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last released its earnings results on Wednesday, February 12th. The construction company reported $2.64 EPS for the quarter, beating 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 analysts anticipate that Taylor Morrison Home Co. will post 8.93 earnings per share for the current year.

Insider Buying and Selling at Taylor Morrison Home

In other 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 document filed with the SEC, which can be accessed through the SEC website. Also, 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 disclosure for this sale can be found here. 3.50% of the stock is currently owned by company insiders.

Taylor Morrison Home Company 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.