Mirae Asset Global Investments Co. Ltd. Boosts Stock Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

Mirae Asset Global Investments Co. Ltd. boosted its stake in Taylor Morrison Home Co. (NYSE:TMHC) by 38.2% during the 4th quarter, Holdings Channel reports. The firm owned 73,671 shares of the construction company’s stock after buying an additional 20,351 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Taylor Morrison Home were worth $3,930,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. IFP Advisors Inc increased its holdings in shares of Taylor Morrison Home by 138.9% in the third quarter. IFP Advisors Inc now owns 614 shares of the construction company’s stock worth $26,000 after purchasing an additional 357 shares during the last quarter. Lazard Asset Management LLC purchased a new position in Taylor Morrison Home during the 1st quarter valued at approximately $44,000. Ronald Blue Trust Inc. increased its stake in Taylor Morrison Home by 3,911.1% in the 3rd quarter. Ronald Blue Trust Inc. now owns 1,083 shares of the construction company’s stock worth $46,000 after acquiring an additional 1,056 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Taylor Morrison Home during the 1st quarter worth approximately $77,000. Finally, Covestor Ltd raised its holdings in shares of Taylor Morrison Home by 100.5% during the 1st quarter. Covestor Ltd now owns 3,072 shares of the construction company’s stock worth $84,000 after acquiring an additional 1,540 shares in the last quarter. Institutional investors own 95.16% of the company’s stock.

Wall Street Analysts Forecast Growth

TMHC has been the subject of a number of recent research reports. StockNews.com lowered shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. Royal Bank of Canada boosted their target price on shares of Taylor Morrison Home from $57.00 to $61.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Zelman & Associates upgraded shares of Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a research report on Friday, April 12th. Barclays boosted their price objective on Taylor Morrison Home from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 15th. Finally, Seaport Res Ptn lowered Taylor Morrison Home from a “buy” rating to a “neutral” rating in a research note on Monday, January 22nd. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $57.20.

Taylor Morrison Home Stock Performance

Shares of NYSE:TMHC opened at $54.32 on Wednesday. The company has a current ratio of 6.00, a quick ratio of 1.13 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $5.78 billion, a price-to-earnings ratio of 7.78 and a beta of 1.87. Taylor Morrison Home Co. has a 12 month low of $37.23 and a 12 month high of $62.64. The firm’s 50-day moving average is $57.35 and its 200 day moving average is $50.66.

Taylor Morrison Home (NYSE:TMHC) last released its earnings results on Wednesday, February 14th. The construction company reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.23. Taylor Morrison Home had a return on equity of 16.21% and a net margin of 10.37%. The firm had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the prior year, the firm posted $2.93 earnings per share. The company’s quarterly revenue was down 19.0% on a year-over-year basis. Research analysts predict that Taylor Morrison Home Co. will post 7.29 EPS for the current year.

Insider Buying and Selling at Taylor Morrison Home

In other news, CAO Joseph Terracciano sold 724 shares of Taylor Morrison Home stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $55.87, for a total transaction of $40,449.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Joseph Terracciano sold 724 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $55.87, for a total value of $40,449.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William H. Lyon sold 20,896 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $56.01, for a total value of $1,170,384.96. Following the completion of the sale, the director now owns 2,837,020 shares of the company’s stock, valued at $158,901,490.20. The disclosure for this sale can be found here. Insiders have sold 613,537 shares of company stock valued at $36,409,767 in the last quarter. 5.20% of the stock is owned by insiders.

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.