Securian Asset Management Inc. Sells 283 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Securian Asset Management Inc. lessened its holdings in Taylor Morrison Home Co. (NYSE:TMHC) by 3.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,822 shares of the construction company’s stock after selling 283 shares during the quarter. Securian Asset Management Inc.’s holdings in Taylor Morrison Home were worth $479,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in TMHC. Vision Capital Corp bought a new stake in Taylor Morrison Home during the third quarter worth $38,173,000. Charles Schwab Investment Management Inc. boosted its position in Taylor Morrison Home by 26.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,362,020 shares of the construction company’s stock worth $95,696,000 after purchasing an additional 282,227 shares during the period. Barclays PLC increased its holdings in shares of Taylor Morrison Home by 66.4% in the third quarter. Barclays PLC now owns 420,419 shares of the construction company’s stock valued at $29,539,000 after purchasing an additional 167,735 shares during the last quarter. World Investment Advisors LLC bought a new position in shares of Taylor Morrison Home in the third quarter valued at about $10,291,000. Finally, State Street Corp lifted its stake in shares of Taylor Morrison Home by 2.8% during the 3rd quarter. State Street Corp now owns 4,987,968 shares of the construction company’s stock worth $350,455,000 after buying an additional 136,432 shares during the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

Wall Street Analyst Weigh In

TMHC has been the topic of a number of research reports. Wolfe Research upgraded shares of Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price target on the stock in a research note on Wednesday, January 8th. Seaport Res Ptn raised Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Thursday, March 6th. JPMorgan Chase & Co. lowered their price objective on Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. StockNews.com cut shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Finally, Barclays raised shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $75.00 to $90.00 in a research report on Wednesday, December 11th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Taylor Morrison Home currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.43.

Insider Buying and Selling at Taylor Morrison Home

In other Taylor Morrison Home news, CAO Joseph Terracciano sold 1,537 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total transaction of $93,372.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David C. Merritt sold 2,402 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total transaction of $153,679.96. The disclosure for this sale can be found here. Company insiders own 3.50% of the company’s stock.

Taylor Morrison Home Trading Up 0.4 %

Shares of Taylor Morrison Home stock opened at $58.91 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 6.39 and a debt-to-equity ratio of 0.36. Taylor Morrison Home Co. has a 12-month low of $53.17 and a 12-month high of $75.49. The company has a market capitalization of $5.99 billion, a price-to-earnings ratio of 7.11 and a beta of 2.06. The firm’s 50-day moving average price is $62.79 and its two-hundred day moving average price is $66.00.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings results on Wednesday, February 12th. The construction company reported $2.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.24. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. On average, analysts forecast that Taylor Morrison Home Co. will post 8.93 earnings per share for the current fiscal year.

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.