Kendall Capital Management Has $1.32 Million Stock Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

Kendall Capital Management decreased its position in Taylor Morrison Home Co. (NYSE:TMHC) by 2.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 21,515 shares of the construction company’s stock after selling 460 shares during the period. Kendall Capital Management’s holdings in Taylor Morrison Home were worth $1,317,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Harbor Capital Advisors Inc. bought a new stake in shares of Taylor Morrison Home in the 3rd quarter valued at about $34,000. V Square Quantitative Management LLC raised its stake in Taylor Morrison Home by 68.1% during the fourth quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company’s stock worth $42,000 after acquiring an additional 277 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in Taylor Morrison Home by 43.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company’s stock worth $49,000 after acquiring an additional 243 shares in the last quarter. SRS Capital Advisors Inc. acquired a new position in Taylor Morrison Home during the fourth quarter worth about $51,000. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Taylor Morrison Home by 41.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company’s stock worth $51,000 after purchasing an additional 243 shares during the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on TMHC shares. Barclays upgraded Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $75.00 to $90.00 in a report on Wednesday, December 11th. Wolfe Research upgraded Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price target for the company in a research note on Wednesday, January 8th. JPMorgan Chase & Co. cut their price target on 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. Seaport Res Ptn raised Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Thursday. Finally, Royal Bank of Canada raised their price objective on Taylor Morrison Home from $72.00 to $74.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.43.

Insider Buying and Selling

In related news, Director David C. Merritt sold 2,402 shares of Taylor Morrison Home stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $63.98, for a total value of $153,679.96. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.50% of the stock is currently owned by company insiders.

Taylor Morrison Home Trading Down 0.7 %

Shares of TMHC stock opened at $61.83 on Friday. Taylor Morrison Home Co. has a 1 year low of $53.17 and a 1 year high of $75.49. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.39 and a quick ratio of 0.94. The stock’s 50 day simple moving average is $62.98 and its two-hundred day simple moving average is $66.31. The company has a market cap of $6.29 billion, a PE ratio of 7.47 and a beta of 2.06.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings data on Wednesday, February 12th. The construction company reported $2.64 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%. Research analysts predict that Taylor Morrison Home Co. will post 8.93 earnings per share for the current year.

About Taylor Morrison Home

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.