3,421 Shares in Taylor Morrison Home Co. (NYSE:TMHC) Bought by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC bought a new position in Taylor Morrison Home Co. (NYSE:TMHC) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,421 shares of the construction company’s stock, valued at approximately $209,000.

A number of other hedge funds have also modified their holdings of TMHC. CIBC Asset Management Inc acquired a new position in shares of Taylor Morrison Home in the 3rd quarter worth $220,000. Natixis Advisors LLC grew its holdings in shares of Taylor Morrison Home by 14.1% in the 3rd quarter. Natixis Advisors LLC now owns 21,862 shares of the construction company’s stock worth $1,536,000 after acquiring an additional 2,705 shares during the last quarter. Pathstone Holdings LLC grew its holdings in shares of Taylor Morrison Home by 1.3% during the third quarter. Pathstone Holdings LLC now owns 78,824 shares of the construction company’s stock valued at $5,538,000 after buying an additional 1,044 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Taylor Morrison Home during the third quarter valued at $1,195,000. Finally, Intech Investment Management LLC purchased a new position in shares of Taylor Morrison Home during the third quarter valued at $1,899,000. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Joseph Terracciano sold 1,537 shares of Taylor Morrison Home stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total value of $93,372.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David C. Merritt sold 2,402 shares of Taylor Morrison Home stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $63.98, for a total value of $153,679.96. The disclosure for this sale can be found here. Insiders own 3.50% of the company’s stock.

Taylor Morrison Home Price Performance

Shares of NYSE:TMHC opened at $59.41 on Friday. Taylor Morrison Home Co. has a fifty-two week low of $53.17 and a fifty-two week high of $75.49. The business has a 50-day moving average of $62.75 and a two-hundred day moving average of $65.81. The stock has a market capitalization of $6.04 billion, a P/E ratio of 7.18 and a beta of 2.06. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.39 and a quick ratio of 0.94.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings results on Wednesday, February 12th. The construction company reported $2.64 earnings per share 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%. On average, equities research analysts predict that Taylor Morrison Home Co. will post 8.93 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TMHC. JPMorgan Chase & Co. lowered their price target on Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. Wolfe Research upgraded Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price target on the stock in a report on Wednesday, January 8th. Seaport Res Ptn upgraded Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Thursday, March 6th. StockNews.com downgraded Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, Barclays raised Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $75.00 to $90.00 in a research report on Wednesday, December 11th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Taylor Morrison Home has an average rating of “Moderate Buy” and an average target price of $82.43.

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.