Landscape Capital Management L.L.C. Invests $754,000 in Taylor Morrison Home Co. (NYSE:TMHC)

Landscape Capital Management L.L.C. bought a new stake in Taylor Morrison Home Co. (NYSE:TMHC) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 12,319 shares of the construction company’s stock, valued at approximately $754,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC lifted its stake in shares of 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 in the last quarter. Principal Financial Group Inc. lifted its position in Taylor Morrison Home by 3.5% during 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 in the last quarter. Sheets Smith Wealth Management purchased a new stake in Taylor Morrison Home during the fourth quarter worth approximately $550,000. Financial Enhancement Group LLC acquired a new stake in shares of Taylor Morrison Home in the fourth quarter worth $5,840,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of 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.

Taylor Morrison Home Stock Up 3.0 %

Shares of NYSE:TMHC opened at $59.35 on Monday. Taylor Morrison Home Co. has a 12-month low of $53.17 and a 12-month high of $75.49. The company has a current ratio of 6.39, a quick ratio of 0.94 and a debt-to-equity ratio of 0.36. The firm has a market cap of $6.04 billion, a PE ratio of 7.17 and a beta of 1.76. The company has a fifty day simple moving average of $61.81 and a 200 day simple moving average of $65.41.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings data 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%. On average, equities research analysts anticipate that Taylor Morrison Home Co. will post 8.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TMHC. Seaport Res Ptn raised shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 6th. StockNews.com lowered Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Wolfe Research raised Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price target on the stock in a research report on Wednesday, January 8th. Barclays raised shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $75.00 to $90.00 in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Taylor Morrison Home has an average rating of “Moderate Buy” and a consensus price target of $82.43.

Insider Activity

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

Taylor Morrison Home Company 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.