Taylor Morrison Home Co. (NYSE:TMHC) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB decreased its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 8.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,760 shares of the construction company’s stock after selling 2,400 shares during the period. Handelsbanken Fonder AB’s holdings in Taylor Morrison Home were worth $1,638,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Vision Capital Corp bought a new position in Taylor Morrison Home in the 3rd quarter valued at about $38,173,000. Charles Schwab Investment Management Inc. lifted its stake in Taylor Morrison Home by 26.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,362,020 shares of the construction company’s stock valued at $95,696,000 after buying an additional 282,227 shares in the last quarter. Barclays PLC lifted its stake in Taylor Morrison Home by 66.4% during the third quarter. Barclays PLC now owns 420,419 shares of the construction company’s stock valued at $29,539,000 after buying an additional 167,735 shares in the last quarter. World Investment Advisors LLC acquired a new stake in Taylor Morrison Home during the 3rd quarter worth about $10,291,000. Finally, State Street Corp boosted its holdings in shares of Taylor Morrison Home by 2.8% during the third quarter. State Street Corp now owns 4,987,968 shares of the construction company’s stock worth $350,455,000 after purchasing an additional 136,432 shares during the period. Institutional investors own 95.16% of the company’s stock.

Wall Street Analysts Forecast Growth

TMHC has been the subject of several research reports. StockNews.com lowered Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. JPMorgan Chase & Co. reduced their price objective on shares of Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. Wolfe Research upgraded shares of Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price objective for the company in a report on Wednesday, January 8th. Royal Bank of Canada upped their price objective on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Finally, Seaport Res Ptn cut shares of Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a report on Monday, January 27th. One 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $82.43.

Taylor Morrison Home Stock Up 5.7 %

Taylor Morrison Home stock opened at $64.01 on Wednesday. The firm has a market cap of $6.62 billion, a price-to-earnings ratio of 7.73 and a beta of 2.03. 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 Co. has a fifty-two week low of $53.17 and a fifty-two week high of $75.49. The firm has a fifty day moving average price of $62.85 and a two-hundred day moving average price of $66.33.

Taylor Morrison Home (NYSE:TMHC) last released its 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 net margin of 10.81% and a return on equity of 16.50%. As a group, analysts forecast that Taylor Morrison Home Co. will post 8.93 earnings per share for the current year.

Taylor Morrison Home Company 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.