BOS Asset Management LLC Sells 1,184 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

BOS Asset Management LLC lowered its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 8.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 12,922 shares of the construction company’s stock after selling 1,184 shares during the quarter. BOS Asset Management LLC’s holdings in Taylor Morrison Home were worth $791,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of TMHC. Lord Abbett & CO. LLC lifted its holdings in Taylor Morrison Home by 2.5% during the third quarter. Lord Abbett & CO. LLC now owns 463,287 shares of the construction company’s stock worth $32,550,000 after acquiring an additional 11,302 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Taylor Morrison Home by 3.5% during the third quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company’s stock worth $144,144,000 after purchasing an additional 69,222 shares during the period. Sheets Smith Wealth Management bought a new position in shares of Taylor Morrison Home during the 4th quarter valued at about $550,000. JPMorgan Chase & Co. grew its position in shares of Taylor Morrison Home by 24.0% in the 4th 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 during the period. Finally, Financial Enhancement Group LLC bought a new stake in Taylor Morrison Home during the 4th quarter worth approximately $5,840,000. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Taylor Morrison Home news, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Joseph Terracciano sold 1,537 shares of the 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. Insiders own 3.50% of the company’s stock.

Wall Street Analysts Forecast Growth

TMHC has been the subject of several research analyst reports. Wolfe Research upgraded shares of Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price target for the company in a report on Wednesday, January 8th. Barclays reduced their target price on shares of Taylor Morrison Home from $90.00 to $70.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. StockNews.com downgraded Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Seaport Res Ptn upgraded Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Thursday, March 6th. Finally, Royal Bank of Canada increased their price objective 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 analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Taylor Morrison Home presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.00.

Taylor Morrison Home Stock Up 2.8 %

TMHC stock opened at $56.44 on Friday. Taylor Morrison Home Co. has a twelve month low of $51.90 and a twelve month high of $75.49. The company has a market cap of $5.74 billion, a price-to-earnings ratio of 6.82 and a beta of 1.76. 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 business has a 50 day moving average price of $59.78 and a two-hundred day moving average price of $64.33.

Taylor Morrison Home (NYSE:TMHC) last released its earnings results on Wednesday, February 12th. The construction company reported $2.64 earnings per share 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%. Analysts anticipate that Taylor Morrison Home Co. will post 8.93 EPS for the current fiscal year.

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.