Headlands Technologies LLC Purchases Shares of 2,007 Taylor Morrison Home Co. (NYSE:TMHC)

Headlands Technologies LLC acquired a new position in shares of Taylor Morrison Home Co. (NYSE:TMHC) during the 4th quarter, Holdings Channel reports. The fund acquired 2,007 shares of the construction company’s stock, valued at approximately $123,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Franklin Resources Inc. increased its position in Taylor Morrison Home by 16.2% during the fourth quarter. Franklin Resources Inc. now owns 718,274 shares of the construction company’s stock worth $43,966,000 after purchasing an additional 99,914 shares during the last quarter. AIA Group Ltd raised its position in shares of Taylor Morrison Home by 13.3% in the 4th quarter. AIA Group Ltd now owns 8,552 shares of the construction company’s stock worth $523,000 after buying an additional 1,004 shares during the period. CIBC Private Wealth Group LLC boosted its holdings in Taylor Morrison Home by 22.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,640 shares of the construction company’s stock valued at $100,000 after acquiring an additional 305 shares during the last quarter. Dorsey Wright & Associates grew its position in Taylor Morrison Home by 4.1% during the fourth quarter. Dorsey Wright & Associates now owns 60,160 shares of the construction company’s stock valued at $3,682,000 after acquiring an additional 2,393 shares during the period. Finally, Schroder Investment Management Group raised its holdings in shares of Taylor Morrison Home by 515.8% in the 4th quarter. Schroder Investment Management Group now owns 45,868 shares of the construction company’s stock worth $2,803,000 after purchasing an additional 38,419 shares during the period. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TMHC. Royal Bank of Canada boosted 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. Seaport Res Ptn upgraded 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. cut 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 note 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. Finally, Barclays upgraded Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $75.00 to $90.00 in a research note on Wednesday, December 11th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Taylor Morrison Home has a consensus rating of “Moderate Buy” and an average target price of $82.43.

Taylor Morrison Home Stock Performance

NYSE:TMHC opened at $59.35 on Monday. Taylor Morrison Home Co. has a 1-year low of $53.17 and a 1-year high of $75.49. The stock has a market cap of $6.04 billion, a P/E ratio of 7.17 and a beta of 1.76. 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 firm has a 50-day moving average of $61.81 and a two-hundred day moving average of $65.41.

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, beating 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, research analysts expect that Taylor Morrison Home Co. will post 8.93 earnings per share for the current fiscal year.

Insider Transactions at Taylor Morrison Home

In other news, 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 value of $153,679.96. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Joseph Terracciano sold 1,537 shares of the stock in a transaction dated Tuesday, March 11th. The stock was 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. Corporate 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.