Taylor Morrison Home Co. (NYSE:TMHC) Shares Sold by Zacks Investment Management

Zacks Investment Management trimmed its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 5.5% during the fourth quarter, Holdings Channel reports. The fund owned 59,495 shares of the construction company’s stock after selling 3,446 shares during the quarter. Zacks Investment Management’s holdings in Taylor Morrison Home were worth $3,642,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. raised its position in shares of Taylor Morrison Home by 3.5% in 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. Norges Bank bought a new position in Taylor Morrison Home during the 4th quarter valued at $93,810,000. Arrowstreet Capital Limited Partnership increased its position in shares of Taylor Morrison Home by 1.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,369,832 shares of the construction company’s stock worth $83,847,000 after purchasing an additional 20,908 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of Taylor Morrison Home by 9.0% in the 4th quarter. Fisher Asset Management LLC now owns 1,255,266 shares of the construction company’s stock valued at $76,835,000 after purchasing an additional 103,289 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Taylor Morrison Home by 24.0% during the fourth quarter. JPMorgan Chase & Co. now owns 811,253 shares of the construction company’s stock worth $49,657,000 after purchasing an additional 156,793 shares during the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on TMHC shares. Seaport Res Ptn upgraded Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 6th. StockNews.com downgraded shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. 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 report on Wednesday, January 8th. 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 report on Tuesday, February 18th. Finally, Royal Bank of Canada lifted their target price on Taylor Morrison Home from $72.00 to $74.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Taylor Morrison Home presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.00.

Taylor Morrison Home Trading Up 2.8 %

Shares of TMHC stock opened at $56.44 on Friday. The firm has a market capitalization of $5.74 billion, a PE ratio of 6.82 and a beta of 1.76. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.94 and a current ratio of 6.39. Taylor Morrison Home Co. has a 1 year low of $51.90 and a 1 year high of $75.49. The stock has a fifty day moving average of $59.89 and a two-hundred day moving average of $64.43.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings results 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 net margin of 10.81% and a return on equity of 16.50%. As a group, research analysts expect that Taylor Morrison Home Co. will post 8.93 EPS for the current year.

Insider Activity

In other Taylor Morrison Home news, Director David C. Merritt sold 2,402 shares of the company’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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Joseph Terracciano sold 1,537 shares of Taylor Morrison Home stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total transaction of $93,372.75. The disclosure for this sale can be found here. 3.50% of the stock is owned by insiders.

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.