Congress Wealth Management LLC DE Sells 15,974 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Congress Wealth Management LLC DE lowered its position in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 44.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,360 shares of the construction company's stock after selling 15,974 shares during the period. Congress Wealth Management LLC DE's holdings in Taylor Morrison Home were worth $1,246,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. V Square Quantitative Management LLC raised its holdings in shares of Taylor Morrison Home by 68.1% during the fourth quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company's stock worth $42,000 after purchasing an additional 277 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Taylor Morrison Home by 43.2% in the fourth 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 last quarter. SRS Capital Advisors Inc. acquired a new stake in shares of Taylor Morrison Home in the fourth quarter valued at about $51,000. Smartleaf Asset Management LLC raised its holdings in 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 acquiring an additional 243 shares during the last quarter. Finally, R Squared Ltd purchased a new position in Taylor Morrison Home during the fourth quarter worth approximately $61,000. Institutional investors own 95.16% of the company's stock.

Remove Ads

Taylor Morrison Home Stock Down 0.4 %

NYSE:TMHC traded down $0.21 during mid-day trading on Monday, reaching $59.77. The stock had a trading volume of 255,052 shares, compared to its average volume of 875,198. The company has a market capitalization of $6.08 billion, a price-to-earnings ratio of 7.21 and a beta of 2.06. The stock's 50 day simple moving average is $62.41 and its two-hundred day simple moving average is $65.71. 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 Co. has a 1-year low of $53.17 and a 1-year high of $75.49.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last released 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%. Equities analysts anticipate that Taylor Morrison Home Co. will post 8.93 EPS for the current year.

Analysts Set New Price Targets

TMHC has been the subject of a number of recent analyst reports. Royal Bank of Canada raised 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. Seaport Res Ptn raised Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research report on Thursday, March 6th. StockNews.com lowered Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Wednesday, January 8th. Barclays upgraded shares of Taylor Morrison Home from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $75.00 to $90.00 in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. dropped their price target on Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $82.43.

Insider Activity at Taylor Morrison Home

In other news, Director David C. Merritt sold 2,402 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total value of $153,679.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Joseph Terracciano sold 1,537 shares of the firm's stock in a transaction dated Tuesday, March 11th. The stock was 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. Company insiders own 3.50% of the company's stock.

Taylor Morrison Home 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.