Cerity Partners LLC Purchases 1,316 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Cerity Partners LLC boosted its position in Taylor Morrison Home Co. (NYSE:TMHC) by 17.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,741 shares of the construction company’s stock after purchasing an additional 1,316 shares during the quarter. Cerity Partners LLC’s holdings in Taylor Morrison Home were worth $466,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in TMHC. Nordea Investment Management AB increased its holdings in shares of Taylor Morrison Home by 30.4% during the fourth quarter. Nordea Investment Management AB now owns 108,431 shares of the construction company’s stock valued at $5,823,000 after acquiring an additional 25,250 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in shares of Taylor Morrison Home by 89.4% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 38,103 shares of the construction company’s stock valued at $1,623,000 after acquiring an additional 17,986 shares in the last quarter. TFB Advisors LLC bought a new position in shares of Taylor Morrison Home during the fourth quarter valued at $207,000. Rhumbline Advisers increased its holdings in shares of Taylor Morrison Home by 0.3% during the third quarter. Rhumbline Advisers now owns 388,101 shares of the construction company’s stock valued at $16,537,000 after acquiring an additional 1,053 shares in the last quarter. Finally, Raymond James & Associates increased its holdings in shares of Taylor Morrison Home by 91.9% during the third quarter. Raymond James & Associates now owns 51,591 shares of the construction company’s stock valued at $2,198,000 after acquiring an additional 24,701 shares in the last quarter. Institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Trading Down 0.1 %

Shares of NYSE:TMHC opened at $56.28 on Friday. The stock has a market capitalization of $5.99 billion, a price-to-earnings ratio of 8.06 and a beta of 1.87. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.13 and a current ratio of 6.00. The stock’s 50-day simple moving average is $57.43 and its two-hundred day simple moving average is $51.20. Taylor Morrison Home Co. has a 52-week low of $37.23 and a 52-week high of $62.64.

Taylor Morrison Home (NYSE:TMHC) last announced its earnings results on Wednesday, February 14th. The construction company reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.23. Taylor Morrison Home had a return on equity of 16.21% and a net margin of 10.37%. The business had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same period last year, the firm posted $2.93 earnings per share. The business’s revenue for the quarter was down 19.0% on a year-over-year basis. Analysts expect that Taylor Morrison Home Co. will post 7.29 EPS for the current year.

Insider Activity

In other news, Director William H. Lyon sold 20,896 shares of Taylor Morrison Home stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $56.01, for a total transaction of $1,170,384.96. Following the transaction, the director now directly owns 2,837,020 shares of the company’s stock, valued at approximately $158,901,490.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Taylor Morrison Home news, Director William H. Lyon sold 164,000 shares of Taylor Morrison Home stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $60.33, for a total value of $9,894,120.00. Following the sale, the director now owns 43,570 shares of the company’s stock, valued at approximately $2,628,578.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director William H. Lyon sold 20,896 shares of Taylor Morrison Home stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $56.01, for a total value of $1,170,384.96. Following the completion of the sale, the director now directly owns 2,837,020 shares in the company, valued at approximately $158,901,490.20. The disclosure for this sale can be found here. Insiders have sold a total of 613,537 shares of company stock valued at $36,409,767 in the last ninety days. Corporate insiders own 5.50% of the company’s stock.

Analyst Upgrades and Downgrades

TMHC has been the subject of several research analyst reports. Royal Bank of Canada lifted their price objective on Taylor Morrison Home from $57.00 to $61.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Barclays lifted their price objective on Taylor Morrison Home from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Thursday, February 15th. Zelman & Associates upgraded Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a report on Friday, April 12th. Seaport Res Ptn downgraded Taylor Morrison Home from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. Finally, StockNews.com downgraded Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Taylor Morrison Home has a consensus rating of “Hold” and a consensus price target of $57.20.

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.