Segall Bryant & Hamill LLC Trims Stock Position in Taylor Morrison Home Co. (NYSE:TMHC)

Segall Bryant & Hamill LLC trimmed its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 6.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,970 shares of the construction company’s stock after selling 5,243 shares during the period. Segall Bryant & Hamill LLC owned about 0.08% of Taylor Morrison Home worth $4,895,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Lord Abbett & CO. LLC grew its holdings in Taylor Morrison Home by 2.5% during the 3rd quarter. Lord Abbett & CO. LLC now owns 463,287 shares of the construction company’s stock valued at $32,550,000 after buying an additional 11,302 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Taylor Morrison Home by 3.5% in the third quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company’s stock valued at $144,144,000 after acquiring an additional 69,222 shares in the last quarter. Sheets Smith Wealth Management acquired a new stake in shares of Taylor Morrison Home during the fourth quarter valued at $550,000. Quantbot Technologies LP purchased a new stake in Taylor Morrison Home during the 3rd quarter worth about $1,925,000. Finally, Citigroup Inc. raised its stake in Taylor Morrison Home by 61.7% in the 3rd quarter. Citigroup Inc. now owns 170,960 shares of the construction company’s stock valued at $12,012,000 after purchasing an additional 65,252 shares during the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Taylor Morrison Home Trading Up 0.6 %

Shares of TMHC opened at $61.27 on Friday. Taylor Morrison Home Co. has a twelve month low of $53.17 and a twelve month high of $75.49. The firm has a market capitalization of $6.23 billion, a P/E ratio of 7.40 and a beta of 2.06. The company has a current ratio of 6.39, a quick ratio of 0.94 and a debt-to-equity ratio of 0.36. The stock’s fifty day simple moving average is $62.52 and its 200 day simple moving average is $65.71.

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 analysts’ consensus estimates of $2.40 by $0.24. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. On average, equities research analysts forecast that Taylor Morrison Home Co. will post 8.93 earnings per share for the current year.

Insider Activity at Taylor Morrison Home

In other news, CAO Joseph Terracciano sold 1,537 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total value of $93,372.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David C. Merritt sold 2,402 shares of Taylor Morrison Home stock in a transaction on Tuesday, February 25th. The shares were 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. 3.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on TMHC shares. Barclays upgraded shares of 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 report on Wednesday, December 11th. Seaport Res Ptn raised shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 6th. JPMorgan Chase & Co. reduced their price target on 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. StockNews.com downgraded Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Finally, Wolfe Research upgraded Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 target price on the stock in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $82.43.

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.