Taylor Morrison Home Co. (NYSE:TMHC) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN decreased its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 23.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 114,045 shares of the construction company's stock after selling 34,191 shares during the quarter. Wells Fargo & Company MN owned 0.11% of Taylor Morrison Home worth $6,981,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of TMHC. V Square Quantitative Management LLC boosted its holdings in shares of Taylor Morrison Home by 68.1% in the fourth quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company's stock valued at $42,000 after purchasing an additional 277 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Taylor Morrison Home by 43.2% in the 4th 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 period. SRS Capital Advisors Inc. bought a new position in shares of Taylor Morrison Home during the 4th quarter worth $51,000. Smartleaf Asset Management LLC increased its stake in shares of Taylor Morrison Home by 41.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company's stock valued at $51,000 after buying an additional 243 shares during the period. Finally, R Squared Ltd bought a new stake in shares of Taylor Morrison Home in the fourth quarter valued at about $61,000. 95.16% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Wolfe Research upgraded shares of Taylor Morrison Home from a "peer perform" rating to an "outperform" rating and set a $76.00 target price on the stock in a report on Wednesday, January 8th. Wedbush reissued an "outperform" rating and set a $85.00 price objective on shares of Taylor Morrison Home in a report on Wednesday. Seaport Res Ptn upgraded Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a report on Thursday, March 6th. JPMorgan Chase & Co. cut their price target on Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. Finally, BTIG Research set a $75.00 price objective on Taylor Morrison Home and gave the stock a "buy" rating in a research note on Wednesday, April 16th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $78.00.

Insider Activity

In other news, CAO Joseph Terracciano sold 1,537 shares of Taylor Morrison Home 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David C. Merritt sold 2,402 shares of the stock in a transaction on 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. Insiders own 1.40% of the company's stock.

Taylor Morrison Home Stock Performance

TMHC stock traded down $1.20 during trading on Wednesday, reaching $57.59. The company had a trading volume of 1,028,403 shares, compared to its average volume of 895,330. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.94 and a current ratio of 6.39. Taylor Morrison Home Co. has a twelve month low of $51.90 and a twelve month high of $75.49. The company has a market cap of $5.86 billion, a price-to-earnings ratio of 6.97 and a beta of 1.76. The firm has a 50-day simple moving average of $59.50 and a 200-day simple moving average of $64.14.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The construction company reported $2.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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, sell-side analysts expect that Taylor Morrison Home Co. will post 8.93 earnings per share for the current year.

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.