Raymond James & Associates Buys 1,428 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Raymond James & Associates grew its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,019 shares of the construction company’s stock after buying an additional 1,428 shares during the quarter. Raymond James & Associates’ holdings in Taylor Morrison Home were worth $2,829,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. XTX Topco Ltd grew its stake in shares of Taylor Morrison Home by 2.2% during the second quarter. XTX Topco Ltd now owns 10,590 shares of the construction company’s stock valued at $516,000 after buying an additional 224 shares during the last quarter. Creative Planning grew its stake in shares of Taylor Morrison Home by 2.0% in the third quarter. Creative Planning now owns 11,710 shares of the construction company’s stock worth $499,000 after purchasing an additional 233 shares during the last quarter. BTC Capital Management Inc. grew its stake in shares of Taylor Morrison Home by 5.0% in the third quarter. BTC Capital Management Inc. now owns 6,091 shares of the construction company’s stock worth $260,000 after purchasing an additional 291 shares during the last quarter. Diversified Trust Co grew its stake in shares of Taylor Morrison Home by 4.2% in the fourth quarter. Diversified Trust Co now owns 7,681 shares of the construction company’s stock worth $410,000 after purchasing an additional 307 shares during the last quarter. Finally, Stifel Financial Corp grew its stake in shares of Taylor Morrison Home by 4.5% in the third quarter. Stifel Financial Corp now owns 7,289 shares of the construction company’s stock worth $311,000 after purchasing an additional 311 shares during the last quarter. 95.16% of the stock is owned by institutional investors.

Analyst Ratings Changes

TMHC has been the topic of several recent analyst reports. StockNews.com cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st. Wedbush reissued a “neutral” rating and issued a $52.00 target price on shares of Taylor Morrison Home in a research note on Monday, December 18th. Barclays raised their price objective on shares of Taylor Morrison Home from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Thursday, February 15th. Seaport Res Ptn cut Taylor Morrison Home from a “buy” rating to a “neutral” rating in a research report on Monday, January 22nd. Finally, Zelman & Associates raised Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a research report on Friday. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $57.20.

Insider Transactions at Taylor Morrison Home

In other news, CFO Curtis Vanhyfte sold 9,874 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $57.70, for a total value of $569,729.80. Following the sale, the chief financial officer now directly owns 7,765 shares of the company’s stock, valued at approximately $448,040.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director William H. Lyon sold 153,000 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $62.32, for a total value of $9,534,960.00. Following the transaction, the director now directly owns 40,570 shares of the company’s stock, valued at approximately $2,528,322.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Curtis Vanhyfte sold 9,874 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $57.70, for a total value of $569,729.80. Following the completion of the transaction, the chief financial officer now directly owns 7,765 shares in the company, valued at $448,040.50. The disclosure for this sale can be found here. Insiders have sold a total of 613,537 shares of company stock valued at $36,409,767 in the last ninety days. 5.50% of the stock is currently owned by corporate insiders.

Taylor Morrison Home Stock Performance

Taylor Morrison Home stock opened at $56.79 on Monday. The stock’s 50 day simple moving average is $57.24 and its two-hundred day simple moving average is $50.49. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.13 and a current ratio of 6.00. The stock has a market cap of $6.04 billion, a price-to-earnings ratio of 8.14 and a beta of 1.87. Taylor Morrison Home Co. has a fifty-two week low of $37.23 and a fifty-two week high of $62.64.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings results on Wednesday, February 14th. The construction company reported $2.05 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.23. Taylor Morrison Home had a return on equity of 16.21% and a net margin of 10.37%. The firm had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same period in the previous year, the firm posted $2.93 EPS. The business’s revenue for the quarter was down 19.0% compared to the same quarter last year. As a group, analysts expect that Taylor Morrison Home Co. will post 7.29 earnings per share 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.