Dorsey Wright & Associates Acquires 2,393 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Dorsey Wright & Associates lifted its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 4.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,160 shares of the construction company’s stock after buying an additional 2,393 shares during the quarter. Dorsey Wright & Associates owned about 0.06% of Taylor Morrison Home worth $3,682,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Schroder Investment Management Group raised its position in shares of Taylor Morrison Home by 515.8% during the 4th quarter. Schroder Investment Management Group now owns 45,868 shares of the construction company’s stock valued at $2,803,000 after acquiring an additional 38,419 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Taylor Morrison Home by 1.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,369,832 shares of the construction company’s stock worth $83,847,000 after purchasing an additional 20,908 shares during the period. Strategy Asset Managers LLC increased its holdings in Taylor Morrison Home by 11.4% in the fourth quarter. Strategy Asset Managers LLC now owns 3,291 shares of the construction company’s stock valued at $201,000 after purchasing an additional 338 shares during the last quarter. Pictet Asset Management Holding SA lifted its stake in Taylor Morrison Home by 6.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 14,715 shares of the construction company’s stock valued at $901,000 after buying an additional 915 shares during the period. Finally, Norges Bank bought a new position in Taylor Morrison Home during the fourth quarter worth about $93,810,000. 95.16% of the stock is owned by institutional investors.

Insider Buying and Selling at Taylor Morrison Home

In other news, CAO Joseph Terracciano sold 1,537 shares of Taylor Morrison Home stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total value of $93,372.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David C. Merritt sold 2,402 shares of the company’s stock in a transaction dated 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. Corporate insiders own 3.50% of the company’s stock.

Taylor Morrison Home Price Performance

NYSE TMHC opened at $60.05 on Friday. The firm’s 50 day moving average is $62.41 and its 200-day moving average is $65.70. The company has a quick ratio of 0.94, a current ratio of 6.39 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $6.11 billion, a PE ratio of 7.25 and a beta of 2.06. Taylor Morrison Home Co. has a 12-month low of $53.17 and a 12-month high of $75.49.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings results 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 net margin of 10.81% and a return on equity of 16.50%. Equities research analysts anticipate that Taylor Morrison Home Co. will post 8.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. StockNews.com lowered shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Wolfe Research raised shares of Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price target on the stock in a research report on Wednesday, January 8th. Seaport Res Ptn upgraded shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 6th. Finally, Royal Bank of Canada lifted their target price on Taylor Morrison Home from $72.00 to $74.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.