Barclays PLC Has $29.54 Million Stock Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

Barclays PLC boosted its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 66.4% during the third quarter, HoldingsChannel reports. The fund owned 420,419 shares of the construction company’s stock after purchasing an additional 167,735 shares during the quarter. Barclays PLC’s holdings in Taylor Morrison Home were worth $29,539,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. MQS Management LLC bought a new stake in shares of Taylor Morrison Home in the third quarter worth $768,000. Intech Investment Management LLC acquired a new stake in shares of Taylor Morrison Home in the third quarter valued at about $1,899,000. Creative Planning raised its position in shares of Taylor Morrison Home by 46.3% during the third quarter. Creative Planning now owns 29,723 shares of the construction company’s stock worth $2,088,000 after acquiring an additional 9,408 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Taylor Morrison Home by 18.5% in the second quarter. Allspring Global Investments Holdings LLC now owns 786,249 shares of the construction company’s stock worth $43,590,000 after acquiring an additional 122,864 shares during the period. Finally, Asset Management One Co. Ltd. bought a new stake in Taylor Morrison Home in the third quarter valued at approximately $947,000. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TMHC has been the subject of several analyst reports. StockNews.com upgraded shares of Taylor Morrison Home from a “hold” rating to a “buy” rating in a report on Thursday, October 24th. Raymond James restated an “outperform” rating and issued a $84.00 target price (up previously from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th. Royal Bank of Canada increased their price target on Taylor Morrison Home from $74.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Barclays raised Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $75.00 to $90.00 in a research note on Wednesday. Finally, BTIG Research raised their target price on Taylor Morrison Home from $78.00 to $86.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $85.33.

Taylor Morrison Home Stock Performance

Shares of Taylor Morrison Home stock opened at $64.72 on Friday. The business has a 50-day simple moving average of $69.88 and a 200 day simple moving average of $64.76. The firm has a market capitalization of $6.70 billion, a price-to-earnings ratio of 8.56 and a beta of 1.97. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.24 and a quick ratio of 0.69. Taylor Morrison Home Co. has a one year low of $49.98 and a one year high of $75.49.

Taylor Morrison Home (NYSE:TMHC) last issued its earnings results on Wednesday, October 23rd. The construction company reported $2.37 earnings per share for the quarter, topping analysts’ consensus estimates of $2.06 by $0.31. Taylor Morrison Home had a return on equity of 15.91% and a net margin of 10.39%. The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period in the prior year, the firm earned $1.62 earnings per share. Taylor Morrison Home’s revenue for the quarter was up 26.6% on a year-over-year basis. On average, research analysts anticipate that Taylor Morrison Home Co. will post 8.44 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director William H. Lyon sold 24,284 shares of Taylor Morrison Home stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $74.46, for a total transaction of $1,808,186.64. Following the transaction, the director now owns 2,045,316 shares of the company’s stock, valued at $152,294,229.36. The trade was a 1.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Darrell Sherman sold 26,757 shares of the stock in a transaction on Monday, October 28th. The shares were sold at an average price of $70.00, for a total value of $1,872,990.00. Following the completion of the sale, the executive vice president now directly owns 109,217 shares of the company’s stock, valued at $7,645,190. The trade was a 19.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 128,621 shares of company stock worth $9,164,869. Insiders own 3.50% of the company’s stock.

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.