Taylor Morrison Home Co. (NYSE:TMHC) Position Raised by EMG Holdings L.P.

EMG Holdings L.P. boosted its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 6.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 99,173 shares of the construction company’s stock after buying an additional 6,173 shares during the period. Taylor Morrison Home makes up about 3.6% of EMG Holdings L.P.’s holdings, making the stock its 3rd largest holding. EMG Holdings L.P. owned 0.10% of Taylor Morrison Home worth $6,070,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Taylor Morrison Home in the 4th quarter worth $93,810,000. Boston Partners grew its position in Taylor Morrison Home by 88.7% in the fourth quarter. Boston Partners now owns 594,347 shares of the construction company’s stock worth $36,794,000 after acquiring an additional 279,361 shares in the last quarter. Barclays PLC increased its stake in Taylor Morrison Home by 66.4% in the third quarter. Barclays PLC now owns 420,419 shares of the construction company’s stock valued at $29,539,000 after acquiring an additional 167,735 shares during the last quarter. JPMorgan Chase & Co. raised its position in Taylor Morrison Home by 24.0% during the fourth quarter. JPMorgan Chase & Co. now owns 811,253 shares of the construction company’s stock valued at $49,657,000 after purchasing an additional 156,793 shares in the last quarter. Finally, World Investment Advisors LLC bought a new stake in Taylor Morrison Home during the third quarter worth about $10,291,000. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Taylor Morrison Home Trading Up 0.8 %

NYSE:TMHC opened at $60.55 on Wednesday. The firm has a market capitalization of $6.16 billion, a P/E ratio of 7.31 and a beta of 2.06. Taylor Morrison Home Co. has a 52 week low of $53.17 and a 52 week high of $75.49. 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 fifty day moving average of $62.19 and a 200 day moving average of $65.62.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TMHC. StockNews.com cut 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 note on Wednesday, January 8th. Barclays raised shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $75.00 to $90.00 in a research note on Wednesday, December 11th. JPMorgan Chase & Co. decreased their target price 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. Finally, 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. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Taylor Morrison Home currently has an average rating of “Moderate Buy” and an average price target of $82.43.

Insider Buying and Selling at Taylor Morrison Home

In other news, Director David C. Merritt sold 2,402 shares of Taylor Morrison Home 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Joseph Terracciano sold 1,537 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total transaction of $93,372.75. The disclosure for this sale can be found here. 3.50% of the stock is currently owned by corporate insiders.

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.