Taylor Morrison Home Co. (NYSE:TMHC) Shares Purchased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership boosted its position in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,369,832 shares of the construction company’s stock after buying an additional 20,908 shares during the period. Arrowstreet Capital Limited Partnership owned 1.32% of Taylor Morrison Home worth $83,847,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC raised its position in Taylor Morrison Home by 2.5% in the 3rd quarter. Lord Abbett & CO. LLC now owns 463,287 shares of the construction company’s stock valued at $32,550,000 after purchasing an additional 11,302 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Taylor Morrison Home by 3.5% in the third quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company’s stock valued at $144,144,000 after buying an additional 69,222 shares during the last quarter. Sheets Smith Wealth Management acquired a new stake in shares of Taylor Morrison Home during the fourth quarter worth about $550,000. Financial Enhancement Group LLC purchased a new position in shares of Taylor Morrison Home during the fourth quarter worth about $5,840,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in 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 valued at $49,000 after acquiring an additional 243 shares during the period. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Analyst Ratings Changes

TMHC has been the topic of several analyst reports. StockNews.com downgraded Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Wolfe Research raised 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. JPMorgan Chase & Co. cut their price target on shares of Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. Barclays upgraded Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $75.00 to $90.00 in a research report on Wednesday, December 11th. Finally, Seaport Res Ptn raised Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Thursday, March 6th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $82.43.

Insider Buying and Selling at Taylor Morrison Home

In other news, CAO Joseph Terracciano sold 1,537 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total value of $93,372.75. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director David C. Merritt sold 2,402 shares of Taylor Morrison Home stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $63.98, for a total value of $153,679.96. The disclosure for this sale can be found here. Insiders own 3.50% of the company’s stock.

Taylor Morrison Home Stock Performance

Shares of TMHC stock opened at $60.03 on Tuesday. The stock has a fifty day moving average price of $62.29 and a 200 day moving average price of $65.67. 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 stock has a market cap of $6.11 billion, a PE ratio of 7.25 and a beta of 2.06. Taylor Morrison Home Co. has a 1 year low of $53.17 and a 1 year high of $75.49.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings results on Wednesday, February 12th. The construction company reported $2.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.24. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. Sell-side analysts forecast that Taylor Morrison Home Co. will post 8.93 earnings per share 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.