Vestcor Inc Buys 12,120 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Vestcor Inc raised its holdings in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 82.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,820 shares of the construction company's stock after acquiring an additional 12,120 shares during the quarter. Vestcor Inc's holdings in Taylor Morrison Home were worth $1,642,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in TMHC. CIBC Asset Management Inc lifted its stake in shares of Taylor Morrison Home by 5.5% in the fourth quarter. CIBC Asset Management Inc now owns 3,302 shares of the construction company's stock worth $202,000 after buying an additional 173 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Taylor Morrison Home by 1.2% in the fourth quarter. Pacer Advisors Inc. now owns 15,428 shares of the construction company's stock worth $944,000 after buying an additional 180 shares during the last quarter. Captrust Financial Advisors lifted its stake in shares of Taylor Morrison Home by 2.9% in the third quarter. Captrust Financial Advisors now owns 8,340 shares of the construction company's stock worth $586,000 after buying an additional 234 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted 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 buying an additional 243 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Taylor Morrison Home by 41.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company's stock worth $51,000 after buying an additional 243 shares during the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.

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Insider Transactions at Taylor Morrison Home

In other news, CAO Joseph Terracciano sold 1,537 shares of the company's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total value of $93,372.75. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David C. Merritt sold 2,402 shares of the company's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $63.98, for a total transaction of $153,679.96. The disclosure for this sale can be found here. 3.50% of the stock is owned by insiders.

Taylor Morrison Home Stock Performance

Taylor Morrison Home stock traded up $1.59 on Wednesday, hitting $60.26. The company's stock had a trading volume of 1,061,602 shares, compared to its average volume of 817,997. The firm has a market cap of $6.13 billion, a P/E ratio of 7.28 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 company has a fifty day moving average price of $62.76 and a 200-day moving average price of $65.94. Taylor Morrison Home Co. has a one year low of $53.17 and a one year high of $75.49.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last announced its quarterly 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%. On average, equities analysts anticipate that Taylor Morrison Home Co. will post 8.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on TMHC shares. Wolfe Research upgraded 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 note on Wednesday, January 8th. JPMorgan Chase & Co. cut 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 note on Tuesday, February 18th. StockNews.com cut shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note 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 research note on Wednesday, December 11th. Finally, Seaport Res Ptn upgraded shares of Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 6th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Taylor Morrison Home presently has an average rating of "Moderate Buy" and an average price target of $82.43.

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.