Zacks Investment Management Sells 3,446 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Zacks Investment Management trimmed its stake in Taylor Morrison Home Co. (NYSE:TMHC) by 5.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 59,495 shares of the construction company’s stock after selling 3,446 shares during the period. Zacks Investment Management owned 0.06% of Taylor Morrison Home worth $3,642,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Barclays PLC raised its position in shares of Taylor Morrison Home by 66.4% in the third quarter. Barclays PLC now owns 420,419 shares of the construction company’s stock valued at $29,539,000 after buying an additional 167,735 shares during the last quarter. M&T Bank Corp purchased a new stake in shares of Taylor Morrison Home during the third quarter worth approximately $228,000. Sanctuary Advisors LLC raised its holdings in Taylor Morrison Home by 16.2% in the third quarter. Sanctuary Advisors LLC now owns 15,464 shares of the construction company’s stock valued at $1,099,000 after acquiring an additional 2,158 shares in the last quarter. World Investment Advisors LLC purchased a new stake in Taylor Morrison Home during the 3rd quarter worth about $10,291,000. Finally, Franklin Resources Inc. boosted its position in shares of Taylor Morrison Home by 15.3% in the 3rd quarter. Franklin Resources Inc. now owns 618,360 shares of the construction company’s stock valued at $42,345,000 after purchasing an additional 81,841 shares during the period. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on TMHC shares. BTIG Research set a $75.00 price objective on shares of Taylor Morrison Home and gave the stock a “buy” rating in a research report on Wednesday. Barclays decreased their price objective on shares of Taylor Morrison Home from $90.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Wolfe Research raised shares of Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price target on the stock in a report on Wednesday, January 8th. Seaport Res Ptn raised shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 6th. Finally, JPMorgan Chase & Co. reduced their target price on Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Taylor Morrison Home has an average rating of “Moderate Buy” and an average target price of $78.00.

Insider Buying and Selling at Taylor Morrison Home

In other news, CAO Joseph Terracciano sold 1,537 shares of the stock in a transaction on 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David C. Merritt sold 2,402 shares of Taylor Morrison Home 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 disclosure for this sale can be found here. 3.50% of the stock is owned by company insiders.

Taylor Morrison Home Stock Up 2.8 %

TMHC opened at $56.44 on Friday. The stock has a market capitalization 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 debt-to-equity ratio of 0.36, a current ratio of 6.39 and a quick ratio of 0.94. The business has a 50-day moving average of $59.89 and a two-hundred day moving average of $64.43.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings results on Wednesday, February 12th. The construction company reported $2.64 earnings per share for the quarter, topping analysts’ consensus estimates of $2.40 by $0.24. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. On average, research analysts expect that Taylor Morrison Home Co. will post 8.93 earnings per share for the current year.

About Taylor Morrison Home

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.