Taylor Morrison Home Co. (NYSE:TMHC) Shares Sold by Virtus Investment Advisers Inc.

Virtus Investment Advisers Inc. lowered its position in Taylor Morrison Home Co. (NYSE:TMHC) by 64.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,707 shares of the construction company’s stock after selling 17,637 shares during the quarter. Virtus Investment Advisers Inc.’s holdings in Taylor Morrison Home were worth $594,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CIBC Asset Management Inc increased its holdings in Taylor Morrison Home by 5.5% in the fourth quarter. CIBC Asset Management Inc now owns 3,302 shares of the construction company’s stock valued at $202,000 after buying an additional 173 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Taylor Morrison Home by 1.2% in the 4th quarter. Pacer Advisors Inc. now owns 15,428 shares of the construction company’s stock valued at $944,000 after acquiring an additional 180 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Taylor Morrison Home by 43.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company’s stock worth $49,000 after acquiring an additional 243 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Taylor Morrison Home by 41.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company’s stock worth $51,000 after buying an additional 243 shares during the last quarter. Finally, Savant Capital LLC boosted its holdings in shares of Taylor Morrison Home by 5.3% in the 4th quarter. Savant Capital LLC now owns 5,012 shares of the construction company’s stock valued at $307,000 after buying an additional 251 shares in the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

Analyst Ratings Changes

TMHC has been the topic of a number of research analyst reports. Seaport Res Ptn upgraded Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 6th. JPMorgan Chase & Co. lowered 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. Bank of America began coverage on shares of Taylor Morrison Home in a research report on Monday, May 5th. They set a “buy” rating and a $70.00 price objective on the stock. Wedbush reiterated an “outperform” rating and set a $85.00 target price on shares of Taylor Morrison Home in a research note on Wednesday, April 23rd. Finally, BTIG Research set a $75.00 price objective on Taylor Morrison Home and gave the stock a “buy” rating in a research report on Wednesday, April 16th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $76.88.

Insider Buying and Selling at Taylor Morrison Home

In other news, CAO Joseph Terracciano sold 1,537 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total transaction of $93,372.75. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David C. Merritt sold 2,402 shares of the company’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 disclosure for this sale can be found here. 1.40% of the stock is owned by insiders.

Taylor Morrison Home Trading Up 1.7%

NYSE:TMHC opened at $59.92 on Monday. Taylor Morrison Home Co. has a 52-week low of $51.90 and a 52-week high of $75.49. The company has a quick ratio of 0.94, a current ratio of 6.39 and a debt-to-equity ratio of 0.36. The stock has a fifty day simple moving average of $58.31 and a 200-day simple moving average of $62.86. The company has a market capitalization of $6.01 billion, a PE ratio of 7.24 and a beta of 1.68.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings results on Wednesday, April 23rd. The construction company reported $2.18 EPS for the quarter, beating the consensus estimate of $1.85 by $0.33. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.81 billion. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. The company’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.75 earnings per share. On average, equities research analysts expect 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.