Arrowstreet Capital Limited Partnership Raises Position in Taylor Morrison Home Co. (NYSE:TMHC)

Arrowstreet Capital Limited Partnership increased its holdings in Taylor Morrison Home Co. (NYSE:TMHC) by 1.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,369,832 shares of the construction company’s stock after purchasing an additional 20,908 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Taylor Morrison Home were worth $83,847,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in TMHC. Norges Bank acquired a new position in shares of Taylor Morrison Home during the 4th quarter valued at about $93,810,000. Boston Partners raised its stake in Taylor Morrison Home by 88.7% during the fourth quarter. Boston Partners now owns 594,347 shares of the construction company’s stock worth $36,794,000 after purchasing an additional 279,361 shares during the period. Barclays PLC boosted its holdings in shares of Taylor Morrison Home by 66.4% in the 3rd 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. JPMorgan Chase & Co. grew its stake in shares of Taylor Morrison Home by 24.0% during the 4th quarter. JPMorgan Chase & Co. now owns 811,253 shares of the construction company’s stock valued at $49,657,000 after buying an additional 156,793 shares during the period. Finally, World Investment Advisors LLC acquired a new stake in shares of Taylor Morrison Home during the 3rd quarter worth $10,291,000. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Taylor Morrison Home Price Performance

TMHC opened at $60.03 on Tuesday. Taylor Morrison Home Co. has a twelve month low of $53.17 and a twelve month high of $75.49. The firm has a market cap of $6.11 billion, a price-to-earnings ratio of 7.25 and a beta of 2.06. The company has a current ratio of 6.39, a quick ratio of 0.94 and a debt-to-equity ratio of 0.36. The company has a fifty day simple moving average of $62.29 and a 200 day simple moving average of $65.67.

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on TMHC shares. JPMorgan Chase & Co. reduced their target price on Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. Barclays upgraded Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $75.00 to $90.00 in a report on Wednesday, December 11th. StockNews.com lowered shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Royal Bank of Canada boosted their price objective on shares of 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, Wolfe Research raised shares of Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 target price on the stock in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Taylor Morrison Home has a consensus rating of “Moderate Buy” and a consensus target price of $82.43.

Insider Buying and Selling at Taylor Morrison Home

In other news, CAO Joseph Terracciano sold 1,537 shares of the firm’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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David C. Merritt sold 2,402 shares of Taylor Morrison Home stock in a transaction on Tuesday, February 25th. The stock was 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. 3.50% of the stock is 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.