Sheets Smith Wealth Management Makes New Investment in Taylor Morrison Home Co. (NYSE:TMHC)

Sheets Smith Wealth Management acquired a new stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 8,979 shares of the construction company’s stock, valued at approximately $550,000.

Several other large investors have also made changes to their positions in the business. Financial Enhancement Group LLC acquired a new stake in Taylor Morrison Home during the fourth quarter worth about $5,840,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Taylor Morrison Home by 43.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company’s stock worth $49,000 after purchasing an additional 243 shares during the period. Park Avenue Securities LLC increased its holdings in shares of Taylor Morrison Home by 25.1% during the 4th quarter. Park Avenue Securities LLC now owns 7,710 shares of the construction company’s stock valued at $472,000 after purchasing an additional 1,547 shares in the last quarter. Range Financial Group LLC acquired a new position in shares of Taylor Morrison Home in the 4th quarter valued at $307,000. Finally, Nordea Investment Management AB boosted its holdings in Taylor Morrison Home by 2.0% during the fourth quarter. Nordea Investment Management AB now owns 138,871 shares of the construction company’s stock worth $8,529,000 after buying an additional 2,760 shares in the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.

Taylor Morrison Home Stock Performance

Shares of NYSE:TMHC opened at $66.07 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.24 and a quick ratio of 0.69. Taylor Morrison Home Co. has a 1 year low of $50.99 and a 1 year high of $75.49. The firm has a market capitalization of $6.84 billion, a PE ratio of 8.74 and a beta of 2.01. The business’s 50 day moving average price is $65.89 and its 200-day moving average price is $66.14.

Taylor Morrison Home (NYSE:TMHC) last announced its earnings results on Wednesday, October 23rd. The construction company reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.06 by $0.31. The company had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Taylor Morrison Home had a net margin of 10.39% and a return on equity of 15.91%. The firm’s quarterly revenue was up 26.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.62 EPS. As a group, equities research analysts expect that Taylor Morrison Home Co. will post 8.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TMHC has been the subject of a number of recent analyst reports. StockNews.com cut shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. BTIG Research lifted their price target on Taylor Morrison Home from $78.00 to $86.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Raymond James reiterated an “outperform” rating and set a $84.00 price target (up previously from $81.00) on shares of Taylor Morrison Home in a research report on Tuesday, October 29th. Barclays upgraded Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $75.00 to $90.00 in a research report on Wednesday, December 11th. Finally, Wedbush upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating and increased their target price for the company from $65.00 to $85.00 in a research report on Friday, October 25th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.00.

Insider Buying and Selling

In other Taylor Morrison Home news, EVP Darrell Sherman sold 26,757 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $70.00, for a total value of $1,872,990.00. Following the transaction, the executive vice president now directly owns 109,217 shares in the company, valued at $7,645,190. The trade was a 19.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director William H. Lyon sold 24,284 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $74.46, for a total transaction of $1,808,186.64. Following the completion of the sale, the director now directly owns 2,045,316 shares of the company’s stock, valued at approximately $152,294,229.36. This trade represents a 1.17 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 128,549 shares of company stock worth $9,159,829. 3.50% of the stock is owned by insiders.

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.