O Shaughnessy Asset Management LLC Has $2.30 Million Position in Taylor Morrison Home Co. (NYSE:TMHC)

O Shaughnessy Asset Management LLC lessened its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 4.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 37,542 shares of the construction company’s stock after selling 1,944 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Taylor Morrison Home were worth $2,298,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CIBC Asset Management Inc grew its stake in shares of Taylor Morrison Home by 5.5% during the fourth quarter. CIBC Asset Management Inc now owns 3,302 shares of the construction company’s stock worth $202,000 after purchasing an additional 173 shares during the period. Pacer Advisors Inc. grew its position in shares of Taylor Morrison Home by 1.2% during the 4th quarter. Pacer Advisors Inc. now owns 15,428 shares of the construction company’s stock worth $944,000 after buying an additional 180 shares during the period. Captrust Financial Advisors increased its stake in shares of Taylor Morrison Home by 2.9% in the 3rd quarter. Captrust Financial Advisors now owns 8,340 shares of the construction company’s stock valued at $586,000 after acquiring an additional 234 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Taylor Morrison Home by 43.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company’s stock valued at $49,000 after acquiring an additional 243 shares during the period. Finally, Smartleaf Asset Management LLC boosted its stake in Taylor Morrison Home by 41.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company’s stock worth $51,000 after acquiring an additional 243 shares during the last quarter. Institutional investors own 95.16% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Barclays upgraded shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $75.00 to $90.00 in a report on Wednesday, December 11th. StockNews.com lowered Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Royal Bank of Canada raised their price target on Taylor Morrison Home from $72.00 to $74.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. decreased their price objective on Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating for the company in a research report on Tuesday, February 18th. Finally, Seaport Res Ptn upgraded shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Thursday, March 6th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $82.43.

Insiders Place Their Bets

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

Taylor Morrison Home Stock Up 3.0 %

Shares of Taylor Morrison Home stock opened at $59.35 on Friday. Taylor Morrison Home Co. has a 52-week low of $53.17 and a 52-week high of $75.49. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.94 and a current ratio of 6.39. The business’s 50 day simple moving average is $61.81 and its 200 day simple moving average is $65.47. The firm has a market cap of $6.04 billion, a PE ratio of 7.17 and a beta of 1.76.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings data on Wednesday, February 12th. The construction company reported $2.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 predict that Taylor Morrison Home Co. will post 8.93 earnings per share 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.