Bailard Inc. Acquires 1,700 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Bailard Inc. grew its holdings in Taylor Morrison Home Co. (NYSE:TMHC) by 17.0% in the 4th quarter, HoldingsChannel reports. The firm owned 11,700 shares of the construction company’s stock after buying an additional 1,700 shares during the quarter. Bailard Inc.’s holdings in Taylor Morrison Home were worth $716,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Smartleaf Asset Management LLC lifted its stake in shares of Taylor Morrison Home by 41.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company’s stock worth $51,000 after purchasing an additional 243 shares during the last quarter. Bridges Investment Management Inc. lifted its position in Taylor Morrison Home by 110.5% during the fourth quarter. Bridges Investment Management Inc. now owns 14,854 shares of the construction company’s stock valued at $909,000 after acquiring an additional 7,799 shares during the last quarter. Fisher Asset Management LLC boosted its stake in Taylor Morrison Home by 9.0% in the fourth quarter. Fisher Asset Management LLC now owns 1,255,266 shares of the construction company’s stock valued at $76,835,000 after acquiring an additional 103,289 shares in the last quarter. SVB Wealth LLC purchased a new position in Taylor Morrison Home in the fourth quarter worth $209,000. Finally, Parkside Financial Bank & Trust increased its position in shares of Taylor Morrison Home by 68.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,441 shares of the construction company’s stock worth $88,000 after purchasing an additional 586 shares in the last quarter. Institutional investors own 95.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on TMHC shares. Seaport Res Ptn downgraded Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a report on Monday, January 27th. Barclays raised shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $75.00 to $90.00 in a research report on Wednesday, December 11th. StockNews.com lowered shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Royal Bank of Canada increased their price objective on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. decreased 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. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $82.43.

Insider Activity at Taylor Morrison Home

In other Taylor Morrison Home news, 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 value of $153,679.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 3.50% of the stock is currently owned by company insiders.

Taylor Morrison Home Trading Down 2.1 %

Shares of TMHC opened at $60.37 on Tuesday. The company has a current ratio of 6.39, a quick ratio of 0.94 and a debt-to-equity ratio of 0.36. Taylor Morrison Home Co. has a 12-month low of $53.17 and a 12-month high of $75.49. The firm has a 50-day moving average price of $62.94 and a 200 day moving average price of $66.37. The firm has a market capitalization of $6.14 billion, a P/E ratio of 7.29 and a beta of 2.03.

Taylor Morrison Home (NYSE:TMHC) last announced its earnings results on Wednesday, February 12th. The construction company reported $2.64 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.24. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. Sell-side analysts forecast that Taylor Morrison Home Co. will post 8.93 EPS for the current year.

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.