6,700 Shares in Taylor Morrison Home Co. (NYSE:TMHC) Acquired by Versor Investments LP

Versor Investments LP acquired a new stake in Taylor Morrison Home Co. (NYSE:TMHC) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 6,700 shares of the construction company’s stock, valued at approximately $410,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Vision Capital Corp acquired a new stake in Taylor Morrison Home in the third quarter valued at $38,173,000. Charles Schwab Investment Management Inc. raised its position in shares of Taylor Morrison Home by 26.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,362,020 shares of the construction company’s stock worth $95,696,000 after acquiring an additional 282,227 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 purchasing an additional 167,735 shares during the last quarter. World Investment Advisors LLC purchased a new stake in shares of Taylor Morrison Home during the 3rd quarter worth approximately $10,291,000. Finally, State Street Corp boosted its holdings in shares of Taylor Morrison Home by 2.8% in the 3rd quarter. State Street Corp now owns 4,987,968 shares of the construction company’s stock valued at $350,455,000 after buying an additional 136,432 shares in the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director David C. Merritt sold 2,402 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was 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 can be accessed through the SEC website. Company insiders own 3.50% of the company’s stock.

Taylor Morrison Home Trading Up 0.7 %

Shares of TMHC stock opened at $61.59 on Monday. The firm’s 50 day moving average price is $62.95 and its two-hundred day moving average price is $66.38. The company has a quick ratio of 0.94, a current ratio of 6.39 and a debt-to-equity ratio of 0.36. Taylor Morrison Home Co. has a fifty-two week low of $53.17 and a fifty-two week high of $75.49. The stock has a market cap of $6.37 billion, a price-to-earnings ratio of 7.44 and a beta of 2.03.

Taylor Morrison Home (NYSE:TMHC) last announced 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 return on equity of 16.50% and a net margin of 10.81%. On average, analysts anticipate that Taylor Morrison Home Co. will post 8.93 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Barclays raised Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $75.00 to $90.00 in a report on Wednesday, December 11th. Royal Bank of Canada increased their price objective on Taylor Morrison Home from $72.00 to $74.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. 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 research note on Wednesday, January 8th. JPMorgan Chase & Co. decreased their target price on shares of Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. Finally, StockNews.com cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $82.43.

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.