Taylor Morrison Home Co. (NYSE:TMHC) Shares Purchased by Ethic Inc.

Ethic Inc. boosted its position in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 20.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,262 shares of the construction company’s stock after purchasing an additional 4,832 shares during the period. Ethic Inc.’s holdings in Taylor Morrison Home were worth $1,730,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of TMHC. Clark Capital Management Group Inc. raised its holdings in Taylor Morrison Home by 10.8% in the 4th quarter. Clark Capital Management Group Inc. now owns 751,368 shares of the construction company’s stock valued at $45,991,000 after buying an additional 73,215 shares during the period. D. E. Shaw & Co. Inc. raised its stake in shares of Taylor Morrison Home by 1,125.6% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 93,560 shares of the construction company’s stock valued at $5,727,000 after acquiring an additional 85,926 shares during the period. Deutsche Bank AG lifted its holdings in shares of Taylor Morrison Home by 25.1% in the 4th quarter. Deutsche Bank AG now owns 180,023 shares of the construction company’s stock worth $11,019,000 after acquiring an additional 36,142 shares during the last quarter. Cornerstone Select Advisors LLC purchased a new position in shares of Taylor Morrison Home during the 4th quarter worth approximately $1,470,000. Finally, Crestline Management LP acquired a new stake in Taylor Morrison Home in the 4th quarter valued at approximately $5,332,000. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Taylor Morrison Home Trading Up 3.5%

TMHC opened at $60.74 on Tuesday. The business has a fifty day moving average price of $58.44 and a 200 day moving average price of $63.13. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.39 and a quick ratio of 0.94. Taylor Morrison Home Co. has a 12 month low of $51.90 and a 12 month high of $75.49. The stock has a market capitalization of $6.10 billion, a price-to-earnings ratio of 7.34 and a beta of 1.68.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings data on Wednesday, April 23rd. The construction company reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.33. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the previous year, the company posted $1.75 earnings per share. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. Sell-side analysts expect that Taylor Morrison Home Co. will post 8.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director David C. Merritt sold 2,402 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Joseph Terracciano sold 1,537 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total value of $93,372.75. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on TMHC shares. Royal Bank of Canada boosted their target price on Taylor Morrison Home from $72.00 to $74.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Bank of America assumed coverage on Taylor Morrison Home in a research note on Monday, May 5th. They set a “buy” rating and a $70.00 target price on the stock. JPMorgan Chase & Co. lowered their target price on Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. Seaport Res Ptn upgraded shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 6th. Finally, Barclays set a $69.00 price target on shares of Taylor Morrison Home and gave the stock an “overweight” rating in a research report on Thursday, April 24th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $76.88.

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.