Vanguard Group Inc. Sells 61,474 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Vanguard Group Inc. reduced its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 0.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,498,835 shares of the construction company's stock after selling 61,474 shares during the period. Vanguard Group Inc. owned about 10.15% of Taylor Morrison Home worth $642,634,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. LPL Financial LLC boosted its holdings in Taylor Morrison Home by 258.4% during the 4th quarter. LPL Financial LLC now owns 57,173 shares of the construction company's stock valued at $3,500,000 after acquiring an additional 41,219 shares during the period. Fox Run Management L.L.C. bought a new stake in Taylor Morrison Home in the fourth quarter valued at approximately $992,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Taylor Morrison Home during the fourth quarter valued at approximately $1,347,000. AXQ Capital LP bought a new position in shares of Taylor Morrison Home in the fourth quarter worth approximately $268,000. Finally, Sei Investments Co. increased its stake in shares of Taylor Morrison Home by 18.4% in the fourth quarter. Sei Investments Co. now owns 486,250 shares of the construction company's stock worth $29,763,000 after buying an additional 75,481 shares during the period. 95.16% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director David C. Merritt sold 2,402 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total transaction of $153,679.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Joseph Terracciano sold 1,537 shares of the business's stock in a transaction that occurred on 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.

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Taylor Morrison Home Stock Down 5.3 %

Shares of Taylor Morrison Home stock traded down $3.27 during trading on Thursday, hitting $58.05. The company's stock had a trading volume of 402,915 shares, compared to its average volume of 1,052,437. Taylor Morrison Home Co. has a 52 week low of $53.17 and a 52 week high of $75.49. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.94 and a current ratio of 6.39. The company has a fifty day simple moving average of $62.10 and a two-hundred day simple moving average of $65.59. The company has a market capitalization of $5.91 billion, a PE ratio of 7.01 and a beta of 1.76.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last released its earnings results on Wednesday, February 12th. The construction company reported $2.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.24. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. Equities research analysts predict that Taylor Morrison Home Co. will post 8.93 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on TMHC shares. JPMorgan Chase & Co. dropped their price target 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. StockNews.com lowered shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Wednesday, January 8th. Barclays upgraded Taylor Morrison Home from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $75.00 to $90.00 in a report on Wednesday, December 11th. Seaport Res Ptn raised Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 6th. Finally, Royal Bank of Canada upped their price objective on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Taylor Morrison Home currently has an average rating of "Moderate Buy" and a consensus target price of $82.43.

About Taylor Morrison Home

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.