Caisse DE Depot ET Placement DU Quebec Has $21.49 Million Stake in Taylor Morrison Home Co. (NYSE:TMHC)

Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 25.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 305,788 shares of the construction company’s stock after buying an additional 62,406 shares during the period. Caisse DE Depot ET Placement DU Quebec owned 0.30% of Taylor Morrison Home worth $21,485,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. V Square Quantitative Management LLC bought a new stake in shares of Taylor Morrison Home during the 3rd quarter valued at $29,000. Harbor Capital Advisors Inc. bought a new stake in Taylor Morrison Home in the third quarter valued at about $34,000. UMB Bank n.a. increased its holdings in Taylor Morrison Home by 263.9% in the third quarter. UMB Bank n.a. now owns 535 shares of the construction company’s stock valued at $38,000 after purchasing an additional 388 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Taylor Morrison Home in the second quarter valued at about $31,000. Finally, Peterson Financial Group Inc. bought a new position in Taylor Morrison Home during the third quarter worth about $62,000. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Taylor Morrison Home news, EVP Darrell Sherman sold 26,757 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $70.00, for a total transaction of $1,872,990.00. Following the sale, the executive vice president now directly owns 109,217 shares of the company’s stock, valued at $7,645,190. The trade was a 19.68 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director William H. Lyon sold 24,284 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $74.46, for a total value of $1,808,186.64. Following the completion of the transaction, the director now owns 2,045,316 shares of the company’s stock, valued at $152,294,229.36. The trade was a 1.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 128,621 shares of company stock valued at $9,164,869 in the last quarter. 3.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TMHC. StockNews.com upgraded shares of Taylor Morrison Home from a “hold” rating to a “buy” rating in a research report on Thursday, October 24th. Raymond James reiterated an “outperform” rating and issued a $84.00 target price (up from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th. Barclays lifted their price target on shares of Taylor Morrison Home from $72.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Royal Bank of Canada upped their price objective on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, Wedbush upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $65.00 to $85.00 in a report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $77.33.

Taylor Morrison Home Trading Down 0.2 %

Shares of NYSE:TMHC opened at $73.87 on Monday. The firm has a market cap of $7.64 billion, a price-to-earnings ratio of 9.77 and a beta of 1.96. The company has a quick ratio of 0.69, a current ratio of 6.24 and a debt-to-equity ratio of 0.37. Taylor Morrison Home Co. has a 12 month low of $44.59 and a 12 month high of $75.49. The company’s fifty day simple moving average is $69.86 and its 200 day simple moving average is $64.16.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.37 EPS for the quarter, beating analysts’ consensus estimates of $2.06 by $0.31. The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $1.96 billion. Taylor Morrison Home had a return on equity of 15.91% and a net margin of 10.39%. The company’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.62 earnings per share. As a group, research analysts forecast that Taylor Morrison Home Co. will post 8.44 EPS for the current fiscal 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.