Russell Investments Group Ltd. Has $23.08 Million Position in Taylor Morrison Home Co. (NYSE:TMHC)

Russell Investments Group Ltd. cut its position in Taylor Morrison Home Co. (NYSE:TMHC) by 6.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 429,485 shares of the construction company’s stock after selling 30,650 shares during the period. Russell Investments Group Ltd. owned about 0.40% of Taylor Morrison Home worth $23,078,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. raised its stake in Taylor Morrison Home by 117.0% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 3,180,341 shares of the construction company’s stock worth $135,514,000 after buying an additional 1,714,897 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Taylor Morrison Home by 3,268.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 452,087 shares of the construction company’s stock worth $24,119,000 after purchasing an additional 438,664 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of Taylor Morrison Home by 15.3% during the 3rd quarter. Acadian Asset Management LLC now owns 2,528,636 shares of the construction company’s stock valued at $107,726,000 after purchasing an additional 334,815 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of Taylor Morrison Home by 273.4% during the 3rd quarter. Assetmark Inc. now owns 394,848 shares of the construction company’s stock valued at $16,824,000 after purchasing an additional 289,097 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Taylor Morrison Home by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 11,404,759 shares of the construction company’s stock valued at $485,957,000 after purchasing an additional 217,222 shares during the period. 95.16% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on TMHC shares. StockNews.com lowered shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st. Wedbush reaffirmed a “neutral” rating and issued a $55.00 price objective on shares of Taylor Morrison Home in a research report on Tuesday. Barclays increased their target price on Taylor Morrison Home from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Thursday, February 15th. Royal Bank of Canada boosted their price target on Taylor Morrison Home from $61.00 to $63.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Zelman & Associates upgraded Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a report on Friday, April 12th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Taylor Morrison Home presently has an average rating of “Hold” and an average price target of $58.20.

Insider Buying and Selling

In other news, CAO Joseph Terracciano sold 724 shares of Taylor Morrison Home stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $55.87, for a total value of $40,449.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director William H. Lyon sold 20,896 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $56.01, for a total transaction of $1,170,384.96. Following the transaction, the director now directly owns 2,837,020 shares of the company’s stock, valued at approximately $158,901,490.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Joseph Terracciano sold 724 shares of Taylor Morrison Home stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $55.87, for a total transaction of $40,449.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 613,537 shares of company stock worth $36,409,767. Insiders own 3.50% of the company’s stock.

Taylor Morrison Home Price Performance

Shares of NYSE TMHC opened at $56.05 on Thursday. Taylor Morrison Home Co. has a fifty-two week low of $37.23 and a fifty-two week high of $62.64. The stock has a market capitalization of $5.97 billion, a price-to-earnings ratio of 8.02 and a beta of 1.88. The company has a debt-to-equity ratio of 0.39, a current ratio of 6.16 and a quick ratio of 1.13. The business has a 50-day moving average of $57.59 and a 200-day moving average of $51.69.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings results on Tuesday, April 30th. The construction company reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.18. Taylor Morrison Home had a return on equity of 15.75% and a net margin of 10.30%. The firm had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same period last year, the company earned $1.74 earnings per share. The business’s revenue was up 2.3% compared to the same quarter last year. As a group, sell-side analysts predict that Taylor Morrison Home Co. will post 7.29 earnings per share for the current fiscal 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.