Assetmark Inc. Buys 15,819 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Assetmark Inc. raised its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 2.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 760,920 shares of the construction company’s stock after acquiring an additional 15,819 shares during the period. Assetmark Inc.’s holdings in Taylor Morrison Home were worth $46,576,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of TMHC. Vision Capital Corp bought a new stake in shares of Taylor Morrison Home during the 3rd quarter worth $38,173,000. Charles Schwab Investment Management Inc. raised its stake 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 purchasing an additional 282,227 shares during the period. Barclays PLC raised its stake in shares of Taylor Morrison Home by 66.4% during the 3rd quarter. Barclays PLC now owns 420,419 shares of the construction company’s stock worth $29,539,000 after purchasing an additional 167,735 shares during the period. World Investment Advisors LLC bought a new stake in shares of Taylor Morrison Home during the 3rd quarter worth $10,291,000. Finally, State Street Corp raised its stake in shares of Taylor Morrison Home by 2.8% during the 3rd quarter. State Street Corp now owns 4,987,968 shares of the construction company’s stock worth $350,455,000 after purchasing an additional 136,432 shares during the period. 95.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TMHC has been the subject of several recent research reports. Seaport Res Ptn lowered Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a report on Monday, January 27th. StockNews.com lowered Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Royal Bank of Canada lifted 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. Barclays raised Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $75.00 to $90.00 in a report on Wednesday, December 11th. Finally, Wolfe Research raised Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price objective for the company in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $82.43.

Insiders Place Their Bets

In other news, Director David C. Merritt sold 2,402 shares of Taylor Morrison Home stock in a transaction dated Tuesday, February 25th. The stock was 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 SEC, which can be accessed through this hyperlink. Insiders own 3.50% of the company’s stock.

Taylor Morrison Home Price Performance

TMHC opened at $61.53 on Thursday. The stock has a market capitalization of $6.26 billion, a PE ratio of 7.43 and a beta of 2.03. The stock’s 50 day moving average price is $62.93 and its 200-day moving average price is $66.33. Taylor Morrison Home Co. has a 52-week low of $53.17 and a 52-week high of $75.49. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.94 and a current ratio of 6.39.

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

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.