MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Boosts Stock Position in Taylor Morrison Home Co. (NYSE:TMHC)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Taylor Morrison Home Co. (NYSE:TMHC) by 4.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 58,268 shares of the construction company’s stock after acquiring an additional 2,280 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Taylor Morrison Home were worth $3,567,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in TMHC. Norges Bank purchased a new stake in shares of Taylor Morrison Home during the fourth quarter worth $93,810,000. Boston Partners grew its holdings in shares of Taylor Morrison Home by 88.7% during the fourth quarter. Boston Partners now owns 594,347 shares of the construction company’s stock worth $36,794,000 after buying an additional 279,361 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Taylor Morrison Home during the fourth quarter worth $14,736,000. Northern Trust Corp grew its holdings in shares of Taylor Morrison Home by 13.4% during the fourth quarter. Northern Trust Corp now owns 1,670,241 shares of the construction company’s stock worth $102,235,000 after buying an additional 197,880 shares in the last quarter. Finally, Hsbc Holdings PLC grew its holdings in shares of Taylor Morrison Home by 1,172.8% during the fourth quarter. Hsbc Holdings PLC now owns 211,515 shares of the construction company’s stock worth $12,993,000 after buying an additional 194,897 shares in the last quarter. 95.16% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Seaport Res Ptn raised shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Thursday, March 6th. Bank of America assumed coverage on shares of Taylor Morrison Home in a report on Monday, May 5th. They set a “buy” rating and a $70.00 target price for the company. Wedbush reaffirmed an “outperform” rating and set a $85.00 target price on shares of Taylor Morrison Home in a report on Wednesday, April 23rd. JPMorgan Chase & Co. lowered 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 research report on Tuesday, February 18th. Finally, Barclays set a $69.00 price target on shares of Taylor Morrison Home and gave the company an “overweight” rating in a research report on Thursday, April 24th. Two equities 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 stock has an average rating of “Moderate Buy” and an average target price of $76.88.

Insider Buying and Selling at Taylor Morrison Home

In other Taylor Morrison Home news, CAO Joseph Terracciano sold 1,537 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total value of $93,372.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director David C. Merritt sold 2,402 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were 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 currently owned by corporate insiders.

Taylor Morrison Home Trading Down 1.3%

Shares of TMHC stock opened at $59.23 on Tuesday. The company’s 50-day moving average price is $58.31 and its 200-day moving average price is $62.80. Taylor Morrison Home Co. has a twelve month low of $51.90 and a twelve 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 stock has a market cap of $5.94 billion, a price-to-earnings ratio of 7.15 and a beta of 1.68.

Taylor Morrison Home (NYSE:TMHC) last posted its earnings results on Wednesday, April 23rd. The construction company reported $2.18 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.33. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. The company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the prior year, the company posted $1.75 earnings per share. Taylor Morrison Home’s revenue for the quarter was up 11.5% compared to the same quarter last year. As a group, equities analysts predict that Taylor Morrison Home Co. will post 8.93 earnings per share for the current 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.