Harvest Fund Management Co. Ltd Reduces Stake in Taylor Morrison Home Co. (NYSE:TMHC)

Harvest Fund Management Co. Ltd reduced its position in Taylor Morrison Home Co. (NYSE:TMHC) by 7.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,891 shares of the construction company’s stock after selling 299 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Taylor Morrison Home were worth $238,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. CIBC Asset Management Inc grew its holdings in Taylor Morrison Home by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 3,302 shares of the construction company’s stock valued at $202,000 after buying an additional 173 shares during the last quarter. Pacer Advisors Inc. grew its holdings in Taylor Morrison Home by 1.2% during the 4th quarter. Pacer Advisors Inc. now owns 15,428 shares of the construction company’s stock valued at $944,000 after buying an additional 180 shares during the last quarter. Captrust Financial Advisors grew its holdings in Taylor Morrison Home by 2.9% during the 3rd quarter. Captrust Financial Advisors now owns 8,340 shares of the construction company’s stock valued at $586,000 after buying an additional 234 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Taylor Morrison Home by 43.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company’s stock valued at $49,000 after buying an additional 243 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in Taylor Morrison Home by 41.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company’s stock valued at $51,000 after buying an additional 243 shares during the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Taylor Morrison Home

In other Taylor Morrison Home news, CAO Joseph Terracciano sold 1,537 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total value of $93,372.75. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director David C. Merritt sold 2,402 shares of the firm’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 disclosure for this sale can be found here. 3.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have commented on TMHC. Wolfe Research upgraded Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 target price on the stock in a report on Wednesday, January 8th. Royal Bank of Canada raised 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. Seaport Res Ptn upgraded Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Thursday, March 6th. Barclays upgraded Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $75.00 to $90.00 in a report on Wednesday, December 11th. Finally, StockNews.com cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $82.43.

Taylor Morrison Home Price Performance

Shares of Taylor Morrison Home stock opened at $59.41 on Friday. Taylor Morrison Home Co. has a twelve month low of $53.17 and a twelve month high of $75.49. The stock has a market capitalization of $6.04 billion, a P/E ratio of 7.18 and a beta of 2.06. The company has a current ratio of 6.39, a quick ratio of 0.94 and a debt-to-equity ratio of 0.36. The business’s fifty day moving average price is $62.75 and its 200 day moving average price is $65.81.

Taylor Morrison Home (NYSE:TMHC) last issued its earnings results on Wednesday, February 12th. The construction company reported $2.64 earnings per share 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%. As a group, research analysts anticipate that Taylor Morrison Home Co. will post 8.93 earnings per share 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.