Bailard Inc. Buys 1,700 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Bailard Inc. raised its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 17.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,700 shares of the construction company’s stock after purchasing an additional 1,700 shares during the quarter. Bailard Inc.’s holdings in Taylor Morrison Home were worth $716,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. MQS Management LLC bought a new stake in shares of Taylor Morrison Home in the 3rd quarter worth approximately $768,000. Lord Abbett & CO. LLC lifted its holdings in shares of Taylor Morrison Home by 2.5% in the 3rd 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 during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Taylor Morrison Home by 3.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company’s stock valued at $144,144,000 after acquiring an additional 69,222 shares during the last quarter. Intech Investment Management LLC purchased a new stake in Taylor Morrison Home during the 3rd quarter valued at about $1,899,000. Finally, Sheets Smith Wealth Management bought a new position in Taylor Morrison Home during the 4th quarter worth approximately $550,000. 95.16% of the stock is currently owned by institutional investors.

Insider Activity at Taylor Morrison Home

In other news, Director David C. Merritt sold 2,402 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $63.98, for a total value of $153,679.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.50% of the stock is owned by corporate insiders.

Taylor Morrison Home Stock Down 2.1 %

TMHC opened at $60.37 on Tuesday. The stock has a market cap of $6.14 billion, a price-to-earnings ratio of 7.29 and a beta of 2.03. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.94 and a current ratio of 6.39. The firm’s fifty day moving average is $62.94 and its 200 day moving average is $66.37. Taylor Morrison Home Co. has a fifty-two week low of $53.17 and a fifty-two week high of $75.49.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings data on Wednesday, February 12th. The construction company reported $2.64 earnings per share for the quarter, topping 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, sell-side analysts forecast that Taylor Morrison Home Co. will post 8.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on TMHC. Royal Bank of Canada upped their price target on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Barclays raised shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $75.00 to $90.00 in a research note on Wednesday, December 11th. Wolfe Research raised shares of Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price objective for the company in a research note on Wednesday, January 8th. StockNews.com downgraded shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Finally, Seaport Res Ptn downgraded shares of Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a research note on Monday, January 27th. One research 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’s stock. According to MarketBeat, Taylor Morrison Home presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.43.

Taylor Morrison Home Company 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.