World Investment Advisors LLC Makes New Investment in Taylor Morrison Home Co. (NYSE:TMHC)

World Investment Advisors LLC purchased a new stake in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 146,473 shares of the construction company's stock, valued at approximately $10,291,000. World Investment Advisors LLC owned approximately 0.14% of Taylor Morrison Home as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. V Square Quantitative Management LLC bought a new position in Taylor Morrison Home in the 3rd quarter valued at $29,000. Harbor Capital Advisors Inc. purchased a new stake in shares of Taylor Morrison Home in the third quarter worth $34,000. UMB Bank n.a. boosted its stake in Taylor Morrison Home by 263.9% during the third quarter. UMB Bank n.a. now owns 535 shares of the construction company's stock valued at $38,000 after buying an additional 388 shares during the period. Peterson Financial Group Inc. purchased a new position in Taylor Morrison Home during the third quarter worth about $62,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in Taylor Morrison Home in the 2nd quarter worth about $100,000. 95.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. StockNews.com upgraded Taylor Morrison Home from a "hold" rating to a "buy" rating in a research report on Thursday, October 24th. Barclays upgraded shares of Taylor Morrison Home from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $75.00 to $90.00 in a research report on Wednesday. Raymond James reissued an "outperform" rating and issued a $84.00 price target (up previously from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th. BTIG Research lifted their price objective on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Finally, Wedbush upgraded shares of Taylor Morrison Home from a "neutral" rating to an "outperform" rating and upped their target price for the stock from $65.00 to $85.00 in a research report on Friday, October 25th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $84.40.

Taylor Morrison Home Trading Down 0.4 %

Shares of TMHC traded down $0.30 during mid-day trading on Thursday, reaching $67.17. The company's stock had a trading volume of 741,730 shares, compared to its average volume of 793,297. Taylor Morrison Home Co. has a 52 week low of $46.73 and a 52 week high of $75.49. The stock has a market cap of $6.95 billion, a PE ratio of 8.88 and a beta of 1.97. The company's fifty day moving average price is $69.92 and its two-hundred day moving average price is $64.75. The company has a current ratio of 6.24, a quick ratio of 0.69 and a debt-to-equity ratio of 0.37.

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

Insiders Place Their Bets

In other Taylor Morrison Home news, Director William H. Lyon sold 24,284 shares of the firm's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $74.46, for a total transaction of $1,808,186.64. Following the completion of the sale, the director now directly owns 2,045,316 shares in the company, valued at approximately $152,294,229.36. This trade represents a 1.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Darrell Sherman sold 68,433 shares of the firm's stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $70.50, for a total transaction of $4,824,526.50. Following the sale, the executive vice president now directly owns 109,217 shares of the company's stock, valued at $7,699,798.50. This trade represents a 38.52 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 128,621 shares of company stock worth $9,164,869. 3.50% of the stock is currently owned by company insiders.

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.