Peregrine Capital Management LLC Trims Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

Peregrine Capital Management LLC cut its holdings in Taylor Morrison Home Co. (NYSE:TMHC) by 3.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 92,978 shares of the construction company’s stock after selling 3,382 shares during the quarter. Peregrine Capital Management LLC’s holdings in Taylor Morrison Home were worth $5,691,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of TMHC. Assenagon Asset Management S.A. lifted its position in Taylor Morrison Home by 271.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 896,032 shares of the construction company’s stock worth $62,955,000 after acquiring an additional 654,541 shares during the period. Vision Capital Corp purchased a new stake in Taylor Morrison Home during the 3rd quarter valued at about $38,173,000. Charles Schwab Investment Management Inc. increased its position in Taylor Morrison Home by 26.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,362,020 shares of the construction company’s stock worth $95,696,000 after purchasing an additional 282,227 shares during the last quarter. Barclays PLC increased its stake in Taylor Morrison Home by 66.4% during the third quarter. Barclays PLC now owns 420,419 shares of the construction company’s stock worth $29,539,000 after acquiring an additional 167,735 shares during the last quarter. Finally, World Investment Advisors LLC purchased a new stake in Taylor Morrison Home in the third quarter valued at approximately $10,291,000. Institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Price Performance

TMHC opened at $63.05 on Wednesday. Taylor Morrison Home Co. has a 1 year low of $53.17 and a 1 year high of $75.49. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.94 and a current ratio of 6.39. The company’s 50 day simple moving average is $63.32 and its 200 day simple moving average is $66.31. The stock has a market capitalization of $6.52 billion, a PE ratio of 7.61 and a beta of 2.03.

Taylor Morrison Home (NYSE:TMHC) last issued its earnings results on Wednesday, February 12th. The construction company reported $2.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.40 by $0.24. 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 9.22 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Wedbush raised Taylor Morrison Home from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $65.00 to $85.00 in a research report on Friday, October 25th. StockNews.com downgraded shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Seaport Res Ptn lowered shares of Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a research report on Monday, January 27th. Wolfe Research upgraded shares of Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price objective on the stock in a research report on Wednesday, January 8th. Finally, Raymond James reiterated an “outperform” rating and set a $84.00 target price (up previously from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Taylor Morrison Home has an average rating of “Moderate Buy” and an average target price of $82.43.

Insider Buying and Selling at Taylor Morrison Home

In related news, Director William H. Lyon sold 24,284 shares of Taylor Morrison Home stock in a transaction on 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 sale, the director now owns 2,045,316 shares of the company’s stock, valued at $152,294,229.36. The trade was a 1.17 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.50% of the stock is currently owned by corporate 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.