Tectonic Advisors LLC Acquires 1,601 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Tectonic Advisors LLC lifted its position in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 6.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,176 shares of the construction company’s stock after acquiring an additional 1,601 shares during the quarter. Tectonic Advisors LLC’s holdings in Taylor Morrison Home were worth $1,541,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Hodges Capital Management Inc. raised its stake in Taylor Morrison Home by 12.3% in the fourth quarter. Hodges Capital Management Inc. now owns 411,366 shares of the construction company’s stock valued at $25,180,000 after buying an additional 45,139 shares during the period. Resonant Capital Advisors LLC lifted its position in shares of Taylor Morrison Home by 3.8% during the 4th quarter. Resonant Capital Advisors LLC now owns 9,451 shares of the construction company’s stock worth $578,000 after buying an additional 348 shares during the last quarter. Spire Wealth Management bought a new stake in shares of Taylor Morrison Home during the 4th quarter worth $104,000. Foster & Motley Inc. raised its position in Taylor Morrison Home by 5.4% in the fourth quarter. Foster & Motley Inc. now owns 24,116 shares of the construction company’s stock valued at $1,476,000 after purchasing an additional 1,238 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its position in shares of Taylor Morrison Home by 89.9% during the fourth quarter. Hantz Financial Services Inc. now owns 10,362 shares of the construction company’s stock worth $634,000 after acquiring an additional 4,905 shares during the last quarter. 95.16% of the stock is owned by institutional investors and hedge funds.

Taylor Morrison Home Trading Up 2.1 %

NYSE TMHC opened at $64.19 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.69 and a current ratio of 6.24. The company has a market capitalization of $6.64 billion, a price-to-earnings ratio of 8.49 and a beta of 2.03. The company’s 50-day simple moving average is $65.00 and its two-hundred day simple moving average is $66.50. Taylor Morrison Home Co. has a one year low of $51.18 and a one year high of $75.49.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Raymond James reaffirmed an “outperform” rating and set a $84.00 target price (up previously from $81.00) on shares of Taylor Morrison Home in a research note on Tuesday, October 29th. Wolfe Research upgraded Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price target on the stock in a report on Wednesday, January 8th. Wedbush upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $65.00 to $85.00 in a research note on Friday, October 25th. Barclays upgraded Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $75.00 to $90.00 in a research report on Wednesday, December 11th. Finally, Seaport Res Ptn cut shares of Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a research report on Monday, January 27th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Taylor Morrison Home presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.00.

Insider Activity

In other Taylor Morrison Home news, Director William H. Lyon sold 24,284 shares of Taylor Morrison Home stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $74.46, for a total transaction of $1,808,186.64. Following the completion of the sale, the director now directly owns 2,045,316 shares in the company, valued at approximately $152,294,229.36. The trade was a 1.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 3.50% of the company’s stock.

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.