O Shaughnessy Asset Management LLC Has $2.30 Million Stock Position in Taylor Morrison Home Co. (NYSE:TMHC)

O Shaughnessy Asset Management LLC reduced its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 4.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,542 shares of the construction company’s stock after selling 1,944 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Taylor Morrison Home were worth $2,298,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of TMHC. CIBC Private Wealth Group LLC raised its position in shares of Taylor Morrison Home by 22.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,640 shares of the construction company’s stock valued at $100,000 after buying an additional 305 shares during the last quarter. Dorsey Wright & Associates increased its stake in Taylor Morrison Home by 4.1% during the fourth quarter. Dorsey Wright & Associates now owns 60,160 shares of the construction company’s stock valued at $3,682,000 after acquiring an additional 2,393 shares during the period. Schroder Investment Management Group raised its holdings in Taylor Morrison Home by 515.8% in the 4th quarter. Schroder Investment Management Group now owns 45,868 shares of the construction company’s stock valued at $2,803,000 after acquiring an additional 38,419 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Taylor Morrison Home by 1.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,369,832 shares of the construction company’s stock worth $83,847,000 after acquiring an additional 20,908 shares during the period. Finally, Strategy Asset Managers LLC lifted its position in shares of Taylor Morrison Home by 11.4% in the 4th quarter. Strategy Asset Managers LLC now owns 3,291 shares of the construction company’s stock worth $201,000 after acquiring an additional 338 shares during the period. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on TMHC shares. JPMorgan Chase & Co. cut their target price on Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. Wolfe Research upgraded shares of Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price objective for the company in a research note on Wednesday, January 8th. 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, December 11th. Royal Bank of Canada increased their price target on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Finally, StockNews.com cut shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Taylor Morrison Home presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.43.

Insider Activity

In other Taylor Morrison Home 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 transaction of $93,372.75. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director David C. Merritt sold 2,402 shares of Taylor Morrison Home stock in a transaction on Tuesday, February 25th. The shares were 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. 3.50% of the stock is currently owned by corporate insiders.

Taylor Morrison Home Price Performance

Shares of Taylor Morrison Home stock opened at $59.35 on Friday. The stock has a market capitalization of $6.04 billion, a price-to-earnings ratio of 7.17 and a beta of 1.76. The firm’s 50-day moving average price is $61.81 and its two-hundred day moving average price is $65.47. The company has a current ratio of 6.39, a quick ratio of 0.94 and a debt-to-equity ratio of 0.36. 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 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%. On average, equities analysts predict 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.