Zacks Investment Management Buys 17,734 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Zacks Investment Management boosted its holdings in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 39.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,941 shares of the construction company's stock after acquiring an additional 17,734 shares during the period. Zacks Investment Management owned about 0.06% of Taylor Morrison Home worth $4,422,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. MQS Management LLC bought a new stake in shares of Taylor Morrison Home in the 3rd quarter worth approximately $768,000. Wedge Capital Management L L P NC lifted its stake in Taylor Morrison Home by 1,910.4% in the second quarter. Wedge Capital Management L L P NC now owns 727,919 shares of the construction company's stock valued at $40,356,000 after buying an additional 691,711 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of Taylor Morrison Home during the third quarter valued at $1,899,000. Creative Planning grew its position in shares of Taylor Morrison Home by 46.3% during the third quarter. Creative Planning now owns 29,723 shares of the construction company's stock worth $2,088,000 after acquiring an additional 9,408 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Taylor Morrison Home by 18.5% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 786,249 shares of the construction company's stock worth $43,590,000 after acquiring an additional 122,864 shares during the period. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Taylor Morrison Home

In related news, Director William H. Lyon sold 24,284 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $74.46, for a total value of $1,808,186.64. Following the completion of the transaction, the director now owns 2,045,316 shares of the company's stock, 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 SEC, which is accessible through this hyperlink. Also, EVP Darrell Sherman sold 26,757 shares of Taylor Morrison Home stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $70.00, for a total value of $1,872,990.00. Following the transaction, the executive vice president now directly owns 109,217 shares in the company, valued at approximately $7,645,190. This trade represents a 19.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 128,621 shares of company stock valued at $9,164,869 over the last ninety days. Insiders own 3.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on TMHC shares. BTIG Research boosted their target price on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Barclays boosted their price objective on Taylor Morrison Home from $72.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 24th. Wedbush raised Taylor Morrison Home from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from $65.00 to $85.00 in a report on Friday, October 25th. StockNews.com raised Taylor Morrison Home from a "hold" rating to a "buy" rating in a research note on Thursday, October 24th. Finally, Royal Bank of Canada increased their price target on Taylor Morrison Home from $74.00 to $77.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $81.40.

Taylor Morrison Home Price Performance

NYSE TMHC traded up $0.53 on Monday, reaching $69.42. 514,641 shares of the stock traded hands, compared to its average volume of 793,859. Taylor Morrison Home Co. has a 12 month low of $46.73 and a 12 month high of $75.49. The company has a quick ratio of 0.69, a current ratio of 6.24 and a debt-to-equity ratio of 0.37. The firm's fifty day simple moving average is $70.00 and its 200 day simple moving average is $64.65. The company has a market cap of $7.18 billion, a price-to-earnings ratio of 9.18 and a beta of 1.97.

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

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.