Taylor Morrison Home Co. (NYSE:TMHC) Shares Purchased by Boston Partners

Boston Partners boosted its stake in Taylor Morrison Home Co. (NYSE:TMHC) by 88.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 594,347 shares of the construction company’s stock after purchasing an additional 279,361 shares during the period. Boston Partners owned approximately 0.57% of Taylor Morrison Home worth $36,794,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TMHC. State Street Corp grew its stake in shares of Taylor Morrison Home by 2.8% during the third quarter. State Street Corp now owns 4,987,968 shares of the construction company’s stock valued at $350,455,000 after acquiring an additional 136,432 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Taylor Morrison Home by 3.5% during the third quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company’s stock worth $144,144,000 after purchasing an additional 69,222 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Taylor Morrison Home by 26.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,362,020 shares of the construction company’s stock worth $95,696,000 after purchasing an additional 282,227 shares during the last quarter. Fisher Asset Management LLC lifted its position in shares of Taylor Morrison Home by 9.0% during the fourth quarter. Fisher Asset Management LLC now owns 1,255,266 shares of the construction company’s stock worth $76,835,000 after purchasing an additional 103,289 shares during the last quarter. Finally, William Blair Investment Management LLC lifted its position in shares of Taylor Morrison Home by 2.5% during the fourth quarter. William Blair Investment Management LLC now owns 781,005 shares of the construction company’s stock worth $47,805,000 after purchasing an additional 18,903 shares during the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Taylor Morrison Home

In related 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 transaction of $153,679.96. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Joseph Terracciano sold 1,537 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were 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 company insiders.

Taylor Morrison Home Price Performance

Shares of NYSE:TMHC opened at $60.26 on Thursday. The firm’s 50 day moving average is $62.75 and its two-hundred day moving average is $65.90. Taylor Morrison Home Co. has a 52 week low of $53.17 and a 52 week high of $75.49. The firm has a market capitalization of $6.13 billion, a P/E ratio of 7.28 and a beta of 2.06. 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 (NYSE:TMHC) last announced its quarterly earnings results 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 10.81% and a return on equity of 16.50%. Analysts anticipate that Taylor Morrison Home Co. will post 8.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Wolfe Research raised 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. Royal Bank of Canada increased their price target on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Seaport Res Ptn raised shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 6th. JPMorgan Chase & Co. reduced their price target on shares of Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. Finally, Barclays raised shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $75.00 to $90.00 in a report on Wednesday, December 11th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $82.43.

About Taylor Morrison Home

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.