Taylor Morrison Home Co. (NYSE:TMHC) Position Lessened by Vision Capital Corp

Vision Capital Corp cut its holdings in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 36.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 343,150 shares of the construction company's stock after selling 200,166 shares during the quarter. Taylor Morrison Home comprises approximately 3.4% of Vision Capital Corp's portfolio, making the stock its 9th largest holding. Vision Capital Corp owned about 0.33% of Taylor Morrison Home worth $21,004,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Lord Abbett & CO. LLC increased its stake in Taylor Morrison Home by 2.5% in the 3rd quarter. Lord Abbett & CO. LLC now owns 463,287 shares of the construction company's stock valued at $32,550,000 after buying an additional 11,302 shares during the period. Principal Financial Group Inc. increased its stake in shares of Taylor Morrison Home by 3.5% during the third quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company's stock worth $144,144,000 after acquiring an additional 69,222 shares during the period. Sheets Smith Wealth Management acquired a new position in shares of Taylor Morrison Home during the fourth quarter worth about $550,000. JPMorgan Chase & Co. lifted its position in Taylor Morrison Home by 24.0% in the fourth quarter. JPMorgan Chase & Co. now owns 811,253 shares of the construction company's stock valued at $49,657,000 after purchasing an additional 156,793 shares during the period. Finally, Financial Enhancement Group LLC purchased a new stake in Taylor Morrison Home in the 4th quarter valued at approximately $5,840,000. 95.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on TMHC shares. Wolfe Research raised 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 Taylor Morrison Home and gave the company a "buy" rating in a report on Wednesday, April 16th. Royal Bank of Canada upped their price target on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Barclays cut their price target on shares of Taylor Morrison Home from $90.00 to $70.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, StockNews.com lowered shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $78.00.

Taylor Morrison Home Price Performance

TMHC traded down $1.27 during midday trading on Wednesday, reaching $57.52. 1,822,178 shares of the company's stock were exchanged, compared to its average volume of 898,988. Taylor Morrison Home Co. has a 1-year low of $51.90 and a 1-year high of $75.49. The stock has a market capitalization of $5.85 billion, a PE ratio of 6.95 and a beta of 1.76. 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 business's 50-day moving average price is $59.36 and its 200 day moving average price is $64.09.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The construction company reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.33. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. As a group, equities analysts anticipate that Taylor Morrison Home Co. will post 8.93 EPS for the current fiscal year.

Insider Activity

In related news, Director David C. Merritt sold 2,402 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $63.98, for a total transaction of $153,679.96. The transaction 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 stock in a transaction that occurred on Tuesday, March 11th. The shares were 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. Company insiders own 1.40% of the company's stock.

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.