Landscape Capital Management L.L.C. Acquires New Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

Landscape Capital Management L.L.C. acquired a new position in Taylor Morrison Home Co. (NYSE:TMHC) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 12,319 shares of the construction company’s stock, valued at approximately $754,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Lord Abbett & CO. LLC raised its position in shares of Taylor Morrison Home by 2.5% during the 3rd quarter. Lord Abbett & CO. LLC now owns 463,287 shares of the construction company’s stock worth $32,550,000 after buying an additional 11,302 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Taylor Morrison Home by 3.5% during the third quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company’s stock worth $144,144,000 after purchasing an additional 69,222 shares in the last quarter. Sheets Smith Wealth Management acquired a new stake in Taylor Morrison Home in the fourth quarter worth approximately $550,000. Financial Enhancement Group LLC bought a new position in Taylor Morrison Home during the 4th quarter valued at $5,840,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Taylor Morrison Home by 43.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company’s stock valued at $49,000 after purchasing an additional 243 shares during the period. Institutional investors own 95.16% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Joseph Terracciano sold 1,537 shares of the company’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total value of $93,372.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David C. Merritt sold 2,402 shares of the firm’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. Corporate insiders own 3.50% of the company’s stock.

Taylor Morrison Home Stock Up 3.0 %

Shares of NYSE:TMHC opened at $59.35 on Monday. The firm has a 50 day simple moving average of $61.81 and a 200 day simple moving average of $65.41. 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 company 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 released its earnings results 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 return on equity of 16.50% and a net margin of 10.81%. As a group, research analysts expect that Taylor Morrison Home Co. will post 8.93 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on TMHC shares. Seaport Res Ptn upgraded Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Thursday, March 6th. Barclays raised shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $75.00 to $90.00 in a report on Wednesday, December 11th. Royal Bank of Canada lifted 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. StockNews.com cut shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. dropped their price target 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. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.43.

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.