Cetera Investment Advisers Buys 2,711 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Cetera Investment Advisers boosted its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 9.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,198 shares of the construction company’s stock after purchasing an additional 2,711 shares during the quarter. Cetera Investment Advisers’ holdings in Taylor Morrison Home were worth $1,848,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TMHC. Norges Bank bought a new stake in shares of Taylor Morrison Home in the fourth quarter valued at about $93,810,000. Boston Partners raised its stake in Taylor Morrison Home by 88.7% in the fourth quarter. Boston Partners now owns 594,347 shares of the construction company’s stock valued at $36,794,000 after purchasing an additional 279,361 shares in the last quarter. Northern Trust Corp raised its stake in Taylor Morrison Home by 13.4% in the fourth quarter. Northern Trust Corp now owns 1,670,241 shares of the construction company’s stock valued at $102,235,000 after purchasing an additional 197,880 shares in the last quarter. Hsbc Holdings PLC raised its stake in Taylor Morrison Home by 1,172.8% in the fourth quarter. Hsbc Holdings PLC now owns 211,515 shares of the construction company’s stock valued at $12,993,000 after purchasing an additional 194,897 shares in the last quarter. Finally, Barclays PLC raised its stake in Taylor Morrison Home by 42.3% in the fourth quarter. Barclays PLC now owns 598,454 shares of the construction company’s stock valued at $36,630,000 after purchasing an additional 178,035 shares in the last quarter. Institutional investors own 95.16% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Joseph Terracciano sold 1,537 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total value of $93,372.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David C. Merritt sold 2,402 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $63.98, for a total value of $153,679.96. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.

Taylor Morrison Home Stock Performance

Shares of TMHC stock opened at $59.23 on Tuesday. The business’s 50 day simple moving average is $58.31 and its 200 day simple moving average is $62.80. Taylor Morrison Home Co. has a one year low of $51.90 and a one year high of $75.49. The stock has a market capitalization of $5.94 billion, a PE ratio of 7.15 and a beta of 1.68. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.39 and a quick ratio of 0.94.

Taylor Morrison Home (NYSE:TMHC) last announced its earnings results on Wednesday, April 23rd. The construction company reported $2.18 EPS for the quarter, beating the consensus estimate of $1.85 by $0.33. The business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. The firm’s revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.75 earnings per share. As a group, research analysts forecast that Taylor Morrison Home Co. will post 8.93 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on TMHC. JPMorgan Chase & Co. dropped their price target on Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. Wedbush reaffirmed an “outperform” rating and issued a $85.00 price target on shares of Taylor Morrison Home in a research note on Wednesday, April 23rd. BTIG Research set a $75.00 price target on Taylor Morrison Home and gave the company a “buy” rating in a research note on Wednesday, April 16th. Royal Bank of Canada boosted their target price on Taylor Morrison Home from $72.00 to $74.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Finally, Bank of America started coverage on Taylor Morrison Home in a research note on Monday, May 5th. They set a “buy” rating and a $70.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $76.88.

Taylor Morrison Home Company 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.