Raymond James & Associates Boosts Stake in Taylor Morrison Home Co. (NYSE:TMHC)

Raymond James & Associates raised its position in Taylor Morrison Home Co. (NYSE:TMHC) by 2.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 53,019 shares of the construction company’s stock after purchasing an additional 1,428 shares during the period. Raymond James & Associates’ holdings in Taylor Morrison Home were worth $2,829,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Taylor Morrison Home by 1.9% during the third quarter. Vanguard Group Inc. now owns 11,404,759 shares of the construction company’s stock worth $485,957,000 after acquiring an additional 217,222 shares during the period. State Street Corp increased its position in shares of Taylor Morrison Home by 0.9% during the second quarter. State Street Corp now owns 4,252,382 shares of the construction company’s stock worth $207,389,000 after acquiring an additional 39,920 shares during the period. Macquarie Group Ltd. increased its position in shares of Taylor Morrison Home by 2.3% during the first quarter. Macquarie Group Ltd. now owns 3,299,615 shares of the construction company’s stock worth $126,243,000 after acquiring an additional 73,272 shares during the period. Fuller & Thaler Asset Management Inc. increased its position in shares of Taylor Morrison Home by 117.0% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 3,180,341 shares of the construction company’s stock worth $135,514,000 after acquiring an additional 1,714,897 shares during the period. Finally, Invesco Ltd. increased its position in shares of Taylor Morrison Home by 3.3% during the third quarter. Invesco Ltd. now owns 3,038,939 shares of the construction company’s stock worth $129,489,000 after acquiring an additional 97,604 shares during the period. 95.16% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Taylor Morrison Home

In other Taylor Morrison Home news, Director William H. Lyon sold 33,400 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $56.04, for a total value of $1,871,736.00. Following the completion of the sale, the director now directly owns 71,570 shares in the company, valued at $4,010,782.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Taylor Morrison Home news, Director William H. Lyon sold 33,400 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $56.04, for a total value of $1,871,736.00. Following the completion of the sale, the director now directly owns 71,570 shares in the company, valued at $4,010,782.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Joseph Terracciano sold 724 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $55.87, for a total transaction of $40,449.88. The disclosure for this sale can be found here. Insiders sold a total of 613,537 shares of company stock worth $36,409,767 over the last three months. Corporate insiders own 5.50% of the company’s stock.

Taylor Morrison Home Stock Performance

Shares of TMHC stock opened at $56.79 on Monday. The firm has a market cap of $6.04 billion, a price-to-earnings ratio of 8.14 and a beta of 1.87. The company’s 50 day moving average is $57.24 and its 200 day moving average is $50.49. The company has a quick ratio of 1.13, a current ratio of 6.00 and a debt-to-equity ratio of 0.38. Taylor Morrison Home Co. has a 52-week low of $37.23 and a 52-week high of $62.64.

Taylor Morrison Home (NYSE:TMHC) last announced its earnings results on Wednesday, February 14th. The construction company reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.23. The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.85 billion. Taylor Morrison Home had a net margin of 10.37% and a return on equity of 16.21%. Taylor Morrison Home’s revenue was down 19.0% compared to the same quarter last year. During the same period last year, the firm earned $2.93 earnings per share. On average, sell-side analysts anticipate that Taylor Morrison Home Co. will post 7.29 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on TMHC shares. StockNews.com lowered shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st. Seaport Res Ptn lowered shares of Taylor Morrison Home from a “buy” rating to a “neutral” rating in a research report on Monday, January 22nd. Zelman & Associates raised shares of Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a report on Friday. Barclays lifted their price objective on shares of Taylor Morrison Home from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Thursday, February 15th. Finally, Wedbush reissued a “neutral” rating and set a $52.00 price objective on shares of Taylor Morrison Home in a report on Monday, December 18th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $57.20.

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.