Great Lakes Advisors LLC Sells 435 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Great Lakes Advisors LLC reduced its holdings in Taylor Morrison Home Co. (NYSE:TMHC) by 10.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,713 shares of the construction company’s stock after selling 435 shares during the quarter. Great Lakes Advisors LLC’s holdings in Taylor Morrison Home were worth $227,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. HighTower Advisors LLC increased its holdings in shares of Taylor Morrison Home by 28.2% in the 4th quarter. HighTower Advisors LLC now owns 12,394 shares of the construction company’s stock worth $759,000 after buying an additional 2,729 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Taylor Morrison Home by 22.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 14,600 shares of the construction company’s stock valued at $894,000 after purchasing an additional 2,700 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Taylor Morrison Home by 20.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,672 shares of the construction company’s stock valued at $1,877,000 after purchasing an additional 5,307 shares during the last quarter. Ruffer LLP purchased a new position in Taylor Morrison Home in the 4th quarter worth $3,051,000. Finally, Raymond James Financial Inc. bought a new stake in Taylor Morrison Home in the fourth quarter worth $5,031,000. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on TMHC. Wolfe Research upgraded Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price objective on the stock in a report on Wednesday, January 8th. StockNews.com cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Seaport Res Ptn upgraded shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Thursday, March 6th. Royal Bank of Canada upped 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 note on Thursday, February 13th. Finally, Barclays raised Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $75.00 to $90.00 in a research note on Wednesday, December 11th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $82.43.

Insiders Place Their Bets

In other Taylor Morrison Home news, Director David C. Merritt sold 2,402 shares of Taylor Morrison Home 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Joseph Terracciano sold 1,537 shares of the company’s 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. Corporate insiders own 3.50% of the company’s stock.

Taylor Morrison Home Trading Up 1.0 %

Shares of NYSE TMHC opened at $58.64 on Monday. Taylor Morrison Home Co. has a 1 year low of $53.17 and a 1 year high of $75.49. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.39 and a quick ratio of 0.94. The firm has a 50-day moving average of $62.82 and a 200 day moving average of $66.06. The stock has a market cap of $5.97 billion, a P/E ratio of 7.08 and a beta of 2.06.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings results on Wednesday, February 12th. The construction company reported $2.64 EPS 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, sell-side analysts expect that Taylor Morrison Home Co. will post 8.93 EPS for the current fiscal 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.