Empirical Finance LLC Sells 10,953 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Empirical Finance LLC lowered its position in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 51.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,538 shares of the construction company’s stock after selling 10,953 shares during the period. Empirical Finance LLC’s holdings in Taylor Morrison Home were worth $645,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. MQS Management LLC bought a new stake in Taylor Morrison Home in the 3rd quarter worth approximately $768,000. Lord Abbett & CO. LLC lifted its holdings 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 worth $32,550,000 after acquiring an additional 11,302 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Taylor Morrison Home by 3.5% in the 3rd 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. Intech Investment Management LLC bought a new position in shares of Taylor Morrison Home during the 3rd quarter valued at $1,899,000. Finally, Sheets Smith Wealth Management purchased a new position in Taylor Morrison Home in the 4th quarter worth $550,000. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on TMHC. Seaport Res Ptn lowered shares of Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a research report on Monday, January 27th. Raymond James restated an “outperform” rating and set a $84.00 price target (up from $81.00) on shares of Taylor Morrison Home in a research report on Tuesday, October 29th. Barclays raised Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $75.00 to $90.00 in a research note on Wednesday, December 11th. BTIG Research increased their price objective 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. Finally, StockNews.com downgraded shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $84.00.

Insider Buying and Selling at Taylor Morrison Home

In other news, Director William H. Lyon sold 24,284 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $74.46, for a total value of $1,808,186.64. Following the completion of the transaction, the director now owns 2,045,316 shares of the company’s stock, valued at approximately $152,294,229.36. This represents a 1.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.50% of the company’s stock.

Taylor Morrison Home Price Performance

Shares of Taylor Morrison Home stock opened at $62.16 on Tuesday. The business has a 50 day moving average of $64.18 and a 200 day moving average of $66.45. Taylor Morrison Home Co. has a 52 week low of $52.72 and a 52 week high of $75.49. The company has a market cap of $6.43 billion, a PE ratio of 8.22 and a beta of 2.03. The company has a quick ratio of 0.69, a current ratio of 6.24 and a debt-to-equity ratio of 0.37.

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.