Zurcher Kantonalbank Zurich Cantonalbank Lowers Position in Taylor Morrison Home Co. (NYSE:TMHC)

Zurcher Kantonalbank Zurich Cantonalbank trimmed its holdings in Taylor Morrison Home Co. (NYSE:TMHC) by 30.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,044 shares of the construction company’s stock after selling 11,144 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Taylor Morrison Home were worth $1,389,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Nordea Investment Management AB lifted its position in shares of Taylor Morrison Home by 30.4% in the fourth quarter. Nordea Investment Management AB now owns 108,431 shares of the construction company’s stock valued at $5,823,000 after acquiring an additional 25,250 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in shares of Taylor Morrison Home by 89.4% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 38,103 shares of the construction company’s stock valued at $1,623,000 after acquiring an additional 17,986 shares in the last quarter. TFB Advisors LLC purchased a new position in shares of Taylor Morrison Home in the fourth quarter valued at about $207,000. Rhumbline Advisers lifted its position in shares of Taylor Morrison Home by 0.3% in the third quarter. Rhumbline Advisers now owns 388,101 shares of the construction company’s stock valued at $16,537,000 after acquiring an additional 1,053 shares in the last quarter. Finally, Raymond James & Associates lifted its position in shares of Taylor Morrison Home by 91.9% in the third quarter. Raymond James & Associates now owns 51,591 shares of the construction company’s stock valued at $2,198,000 after acquiring an additional 24,701 shares in the last quarter. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Taylor Morrison Home Trading Down 0.1 %

Shares of NYSE TMHC opened at $56.28 on Friday. The business’s 50 day moving average is $57.43 and its two-hundred day moving average is $51.20. The company has a debt-to-equity ratio of 0.38, a current ratio of 6.00 and a quick ratio of 1.13. Taylor Morrison Home Co. has a 1-year low of $37.23 and a 1-year high of $62.64. The stock has a market capitalization of $5.99 billion, a P/E ratio of 8.06 and a beta of 1.87.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings data on Wednesday, February 14th. The construction company reported $2.05 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same period in the previous year, the firm posted $2.93 earnings per share. The firm’s revenue for the quarter was down 19.0% on a year-over-year basis. As a group, research analysts expect that Taylor Morrison Home Co. will post 7.29 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, Director William H. Lyon sold 153,000 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $62.32, for a total transaction of $9,534,960.00. Following the transaction, the director now owns 40,570 shares of the company’s stock, valued at $2,528,322.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director William H. Lyon sold 153,000 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $62.32, for a total transaction of $9,534,960.00. Following the transaction, the director now owns 40,570 shares of the company’s stock, valued at $2,528,322.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director William H. Lyon sold 164,000 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $60.33, for a total value of $9,894,120.00. Following the transaction, the director now directly owns 43,570 shares in the company, valued at approximately $2,628,578.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 613,537 shares of company stock valued at $36,409,767. 5.50% of the stock is currently owned by insiders.

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.