Taylor Morrison Home Co. (NYSE:TMHC) Stock Position Decreased by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE trimmed its stake in Taylor Morrison Home Co. (NYSE:TMHC) by 44.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,360 shares of the construction company’s stock after selling 15,974 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Taylor Morrison Home were worth $1,246,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Lord Abbett & CO. LLC lifted its position in shares of Taylor Morrison Home by 2.5% in the 3rd quarter. Lord Abbett & CO. LLC now owns 463,287 shares of the construction company’s stock valued at $32,550,000 after acquiring an additional 11,302 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Taylor Morrison Home by 3.5% in the third quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company’s stock valued at $144,144,000 after purchasing an additional 69,222 shares in the last quarter. Sheets Smith Wealth Management acquired a new stake in shares of Taylor Morrison Home in the fourth quarter worth $550,000. Quantbot Technologies LP purchased a new position in shares of Taylor Morrison Home during the third quarter valued at $1,925,000. Finally, Citigroup Inc. raised its position in Taylor Morrison Home by 61.7% during the third quarter. Citigroup Inc. now owns 170,960 shares of the construction company’s stock valued at $12,012,000 after buying an additional 65,252 shares during the period. 95.16% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Taylor Morrison Home news, Director David C. Merritt sold 2,402 shares of the company’s stock in a transaction dated 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 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 firm’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total value of $93,372.75. The disclosure for this sale can be found here. Company insiders own 3.50% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on TMHC shares. JPMorgan Chase & Co. lowered their target price on Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. Barclays upgraded shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $75.00 to $90.00 in a research note on Wednesday, December 11th. Wolfe Research raised shares of 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. Seaport Res Ptn raised shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 6th. Finally, StockNews.com cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Taylor Morrison Home currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.43.

Taylor Morrison Home Stock Up 0.6 %

TMHC stock opened at $61.27 on Friday. The firm has a market cap of $6.23 billion, a PE ratio of 7.40 and a beta of 2.06. Taylor Morrison Home Co. has a 1 year low of $53.17 and a 1 year high of $75.49. The company has a fifty day simple moving average of $62.52 and a 200 day simple moving average of $65.71. 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 released its quarterly earnings results on Wednesday, February 12th. The construction company reported $2.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.24. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. Sell-side analysts anticipate that Taylor Morrison Home Co. will post 8.93 EPS for the current fiscal year.

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.