Norges Bank Takes Position in Taylor Morrison Home Co. (NYSE:TMHC)

Norges Bank acquired a new position in shares of Taylor Morrison Home Co. (NYSE:TMHC) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,532,593 shares of the construction company’s stock, valued at approximately $93,810,000. Norges Bank owned 1.48% of Taylor Morrison Home as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Cerity Partners LLC raised its position in shares of Taylor Morrison Home by 47.2% during the 3rd quarter. Cerity Partners LLC now owns 17,689 shares of the construction company’s stock worth $1,243,000 after purchasing an additional 5,668 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Taylor Morrison Home by 1.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 240,525 shares of the construction company’s stock valued at $16,899,000 after buying an additional 4,278 shares during the last quarter. Captrust Financial Advisors boosted its holdings in shares of Taylor Morrison Home by 2.9% during the third quarter. Captrust Financial Advisors now owns 8,340 shares of the construction company’s stock valued at $586,000 after acquiring an additional 234 shares during the period. Paloma Partners Management Co bought a new position in shares of Taylor Morrison Home during the third quarter worth about $561,000. Finally, Centiva Capital LP acquired a new stake in shares of Taylor Morrison Home in the 3rd quarter worth about $206,000. Institutional investors own 95.16% of the company’s stock.

Insider Transactions at Taylor Morrison Home

In other news, CAO Joseph Terracciano sold 1,537 shares of the company’s 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director David C. Merritt sold 2,402 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $63.98, for a total transaction of $153,679.96. The disclosure for this sale can be found here. Corporate insiders own 3.50% of the company’s stock.

Taylor Morrison Home Trading Up 0.8 %

Shares of Taylor Morrison Home stock opened at $60.55 on Wednesday. Taylor Morrison Home Co. has a fifty-two week low of $53.17 and a fifty-two week high of $75.49. The company has a quick ratio of 0.94, a current ratio of 6.39 and a debt-to-equity ratio of 0.36. The firm has a market cap of $6.16 billion, a price-to-earnings ratio of 7.31 and a beta of 2.06. The business has a fifty day simple moving average of $62.19 and a 200-day simple moving average of $65.62.

Taylor Morrison Home (NYSE:TMHC) last released its 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%. On average, equities analysts forecast that Taylor Morrison Home Co. will post 8.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Barclays raised shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $75.00 to $90.00 in a research note on Wednesday, December 11th. Royal Bank of Canada raised their target price on Taylor Morrison Home from $72.00 to $74.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Seaport Res Ptn raised Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 6th. StockNews.com cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. cut their price objective on shares of 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. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.