Empowered Funds LLC Raises Stock Position in Taylor Morrison Home Co. (NYSE:TMHC)

Empowered Funds LLC increased its position in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 0.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 48,496 shares of the construction company’s stock after acquiring an additional 449 shares during the period. Empowered Funds LLC’s holdings in Taylor Morrison Home were worth $2,968,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. V Square Quantitative Management LLC bought a new position in shares of Taylor Morrison Home in the third quarter worth approximately $29,000. Harbor Capital Advisors Inc. purchased a new position in Taylor Morrison Home in the 3rd quarter worth approximately $34,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings 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 worth $49,000 after buying an additional 243 shares during the last quarter. R Squared Ltd purchased a new stake in shares of Taylor Morrison Home during the 4th quarter valued at $61,000. Finally, Peterson Financial Group Inc. bought a new stake in shares of Taylor Morrison Home during the 3rd quarter worth $62,000. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TMHC. Barclays upgraded Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $75.00 to $90.00 in a research report on Wednesday, December 11th. Royal Bank of Canada raised their price objective on Taylor Morrison Home from $72.00 to $74.00 and gave the company an “outperform” rating in a report on Thursday. Wolfe Research raised Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 target price for the company in a research note on Wednesday, January 8th. Raymond James reissued an “outperform” rating and set a $84.00 price target (up from $81.00) on shares of Taylor Morrison Home in a research note on Tuesday, October 29th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Taylor Morrison Home from $101.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, December 13th. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Taylor Morrison Home has a consensus rating of “Moderate Buy” and a consensus target price of $83.57.

Taylor Morrison Home Stock Down 0.7 %

Shares of NYSE TMHC opened at $63.98 on Friday. The company has a market cap of $6.62 billion, a price-to-earnings ratio of 8.46 and a beta of 2.03. The company has a quick ratio of 0.69, a current ratio of 6.24 and a debt-to-equity ratio of 0.37. The firm’s fifty day moving average is $63.63 and its 200 day moving average is $66.38. Taylor Morrison Home Co. has a 52 week low of $53.17 and a 52 week high of $75.49.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings data on Wednesday, February 12th. The construction company reported $2.64 EPS for the quarter, beating the consensus estimate of $2.40 by $0.24. Taylor Morrison Home had a net margin of 10.39% and a return on equity of 15.91%. On average, equities research analysts expect that Taylor Morrison Home Co. will post 8.44 earnings per share for the current year.

Insider Buying and Selling at Taylor Morrison Home

In other Taylor Morrison Home news, Director William H. Lyon sold 24,284 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $74.46, for a total transaction of $1,808,186.64. Following the transaction, the director now directly owns 2,045,316 shares of the company’s stock, valued at approximately $152,294,229.36. The trade was a 1.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.50% of the stock is currently owned by corporate 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.