Taylor Morrison Home Co. (NYSE:TMHC) Stake Lessened by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC cut its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 1.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 724,889 shares of the construction company's stock after selling 13,941 shares during the period. Wedge Capital Management L L P NC owned 0.70% of Taylor Morrison Home worth $44,370,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in TMHC. State Street Corp boosted its position in Taylor Morrison Home by 2.8% during the 3rd quarter. State Street Corp now owns 4,987,968 shares of the construction company's stock worth $350,455,000 after purchasing an additional 136,432 shares during the period. Principal Financial Group Inc. boosted its position in Taylor Morrison Home by 3.5% during the 3rd quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company's stock worth $144,144,000 after purchasing an additional 69,222 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Taylor Morrison Home by 26.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,362,020 shares of the construction company's stock worth $95,696,000 after purchasing an additional 282,227 shares during the period. Fisher Asset Management LLC boosted its position in Taylor Morrison Home by 2.5% during the 3rd quarter. Fisher Asset Management LLC now owns 1,151,977 shares of the construction company's stock worth $80,938,000 after purchasing an additional 28,166 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in Taylor Morrison Home by 271.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 896,032 shares of the construction company's stock worth $62,955,000 after purchasing an additional 654,541 shares during the period. 95.16% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Taylor Morrison Home news, EVP Darrell Sherman sold 68,433 shares of the company's stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $70.50, for a total value of $4,824,526.50. Following the completion of the transaction, the executive vice president now owns 109,217 shares in the company, valued at approximately $7,699,798.50. This represents a 38.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director William H. Lyon sold 24,284 shares of the company's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $74.46, for a total transaction of $1,808,186.64. Following the completion of the transaction, the director now owns 2,045,316 shares of the company's stock, valued at approximately $152,294,229.36. This trade represents a 1.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 128,549 shares of company stock worth $9,159,829 over the last quarter. 3.50% of the stock is owned by company insiders.

Taylor Morrison Home Stock Down 1.0 %

Shares of Taylor Morrison Home stock traded down $0.67 during trading on Friday, reaching $65.71. The company had a trading volume of 916,868 shares, compared to its average volume of 815,321. The company has a market cap of $6.80 billion, a price-to-earnings ratio of 8.69 and a beta of 2.01. The firm's fifty day moving average is $66.12 and its 200-day moving average is $65.89. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.69 and a current ratio of 6.24. Taylor Morrison Home Co. has a fifty-two week low of $50.99 and a fifty-two week high of $75.49.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.06 by $0.31. The firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $1.96 billion. Taylor Morrison Home had a net margin of 10.39% and a return on equity of 15.91%. Taylor Morrison Home's quarterly revenue was up 26.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.62 earnings per share. On average, analysts anticipate that Taylor Morrison Home Co. will post 8.44 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Royal Bank of Canada upped their price target on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Wolfe Research raised shares of 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. Wedbush raised shares of Taylor Morrison Home from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $65.00 to $85.00 in a research report on Friday, October 25th. Barclays raised shares of Taylor Morrison Home from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $75.00 to $90.00 in a research report on Wednesday, December 11th. Finally, Raymond James reissued an "outperform" rating and issued a $84.00 price objective (up from $81.00) on shares of Taylor Morrison Home in a research report on Tuesday, October 29th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $84.00.

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.