Daiwa Securities Group Inc. Purchases New Shares in Taylor Morrison Home Co. (NYSE:TMHC)

Daiwa Securities Group Inc. purchased a new position in Taylor Morrison Home Co. (NYSE:TMHC) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 900 shares of the construction company’s stock, valued at approximately $48,000.

Several other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Taylor Morrison Home by 1.9% in the third quarter. Vanguard Group Inc. now owns 11,404,759 shares of the construction company’s stock worth $485,957,000 after purchasing an additional 217,222 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its holdings in shares of Taylor Morrison Home by 117.0% in 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. Invesco Ltd. grew its holdings in shares of Taylor Morrison Home by 3.3% in 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. Acadian Asset Management LLC grew its holdings in shares of Taylor Morrison Home by 15.3% in the third quarter. Acadian Asset Management LLC now owns 2,528,636 shares of the construction company’s stock worth $107,726,000 after acquiring an additional 334,815 shares during the period. Finally, AQR Capital Management LLC grew its holdings in shares of Taylor Morrison Home by 2.1% in the third quarter. AQR Capital Management LLC now owns 2,036,816 shares of the construction company’s stock worth $86,789,000 after acquiring an additional 40,958 shares during the period. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Insider Buying and Selling

In related news, Director William H. Lyon sold 153,000 shares of the stock in a transaction dated 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 completion of the sale, the director now owns 40,570 shares in the company, valued at $2,528,322.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director William H. Lyon sold 153,000 shares of the stock in a transaction dated 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 completion of the sale, the director now owns 40,570 shares in the company, valued at $2,528,322.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Curtis Vanhyfte sold 9,874 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $57.70, for a total value of $569,729.80. Following the transaction, the chief financial officer now directly owns 7,765 shares of the company’s stock, valued at $448,040.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 613,537 shares of company stock worth $36,409,767. 5.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

Taylor Morrison Home Stock Performance

NYSE:TMHC opened at $57.56 on Monday. The stock has a 50-day simple moving average of $57.49 and a two-hundred day simple moving average of $51.43. Taylor Morrison Home Co. has a 52-week low of $37.23 and a 52-week high of $62.64. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.13 and a current ratio of 6.00. The firm has a market capitalization of $6.13 billion, a PE ratio of 8.25 and a beta of 1.87.

Taylor Morrison Home (NYSE:TMHC) last released its earnings results on Wednesday, February 14th. The construction company reported $2.05 earnings per share (EPS) 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 firm had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter last year, the business posted $2.93 earnings per share. The firm’s revenue was down 19.0% on a year-over-year basis. Analysts forecast that Taylor Morrison Home Co. will post 7.29 EPS 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.