NFJ Investment Group LLC Sells 4,121 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

NFJ Investment Group LLC reduced its position in Taylor Morrison Home Co. (NYSE:TMHC) by 15.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,376 shares of the construction company’s stock after selling 4,121 shares during the quarter. NFJ Investment Group LLC’s holdings in Taylor Morrison Home were worth $1,431,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Lord Abbett & CO. LLC boosted its holdings 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 worth $32,550,000 after buying an additional 11,302 shares during the period. Principal Financial Group Inc. boosted its stake 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 worth $144,144,000 after acquiring an additional 69,222 shares during the period. Sheets Smith Wealth Management purchased a new stake in shares of Taylor Morrison Home during the fourth quarter worth about $550,000. JPMorgan Chase & Co. raised its stake in Taylor Morrison Home by 24.0% during the 4th quarter. JPMorgan Chase & Co. now owns 811,253 shares of the construction company’s stock valued at $49,657,000 after purchasing an additional 156,793 shares during the period. Finally, Financial Enhancement Group LLC purchased a new position in Taylor Morrison Home in the 4th quarter worth approximately $5,840,000. 95.16% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Taylor Morrison Home news, Director David C. Merritt sold 2,402 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total transaction of $153,679.96. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Joseph Terracciano sold 1,537 shares of Taylor Morrison Home stock in a transaction dated Tuesday, March 11th. The stock was 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. 3.50% of the stock is owned by corporate insiders.

Taylor Morrison Home Stock Up 2.8 %

Shares of NYSE:TMHC opened at $56.44 on Friday. The company has a market cap of $5.74 billion, a price-to-earnings ratio of 6.82 and a beta of 1.76. Taylor Morrison Home Co. has a 12 month low of $51.90 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 company has a 50-day moving average price of $59.89 and a 200 day moving average price of $64.43.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings data on Wednesday, February 12th. The construction company reported $2.64 earnings per share (EPS) for the quarter, beating 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%. As a group, equities research analysts predict that Taylor Morrison Home Co. will post 8.93 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on TMHC. BTIG Research set a $75.00 price objective on shares of Taylor Morrison Home and gave the company a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. reduced their price target on shares of Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. StockNews.com downgraded shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Royal Bank of Canada lifted their target price on Taylor Morrison Home from $72.00 to $74.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Finally, Seaport Res Ptn raised Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 6th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Taylor Morrison Home has a consensus rating of “Moderate Buy” and a consensus target price of $78.00.

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.