NFJ Investment Group LLC Sells 4,121 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

NFJ Investment Group LLC decreased its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 15.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 23,376 shares of the construction company’s stock after selling 4,121 shares during the period. NFJ Investment Group LLC’s holdings in Taylor Morrison Home were worth $1,431,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Lord Abbett & CO. LLC boosted its holdings in shares of Taylor Morrison Home by 2.5% in the third quarter. Lord Abbett & CO. LLC now owns 463,287 shares of the construction company’s stock valued at $32,550,000 after purchasing an additional 11,302 shares during the period. Principal Financial Group Inc. raised its position in Taylor Morrison Home by 3.5% during the 3rd quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company’s stock valued at $144,144,000 after purchasing an additional 69,222 shares in the last quarter. Sheets Smith Wealth Management purchased a new stake in shares of Taylor Morrison Home in the 4th quarter worth $550,000. JPMorgan Chase & Co. lifted its holdings in shares of Taylor Morrison Home by 24.0% in the 4th quarter. JPMorgan Chase & Co. now owns 811,253 shares of the construction company’s stock worth $49,657,000 after buying an additional 156,793 shares during the period. Finally, Financial Enhancement Group LLC bought a new position in shares of Taylor Morrison Home during the 4th quarter worth $5,840,000. 95.16% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CAO Joseph Terracciano sold 1,537 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total value of $93,372.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David C. Merritt sold 2,402 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total value 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 Price Performance

Shares of TMHC opened at $56.44 on Friday. The company has a 50 day moving average of $59.89 and a two-hundred day moving average of $64.43. 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 twelve month low of $51.90 and a twelve month high of $75.49. The company has a market cap of $5.74 billion, a price-to-earnings ratio of 6.82 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 for the quarter, topping 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, analysts predict that Taylor Morrison Home Co. will post 8.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

TMHC has been the subject of a number of research reports. JPMorgan Chase & Co. lowered their price objective on shares of Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. Barclays reduced their price target on shares of Taylor Morrison Home from $90.00 to $70.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Royal Bank of Canada lifted their price objective on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Wolfe Research raised shares of Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price objective for the company in a research note on Wednesday, January 8th. Finally, StockNews.com cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.00.

Taylor Morrison Home Company 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.