Taylor Morrison Home Co. (NYSE:TMHC) Shares Sold by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. cut its stake in Taylor Morrison Home Co. (NYSE:TMHC) by 7.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,805,268 shares of the construction company’s stock after selling 135,611 shares during the quarter. Taylor Morrison Home makes up approximately 2.6% of Donald Smith & CO. Inc.’s investment portfolio, making the stock its 15th largest position. Donald Smith & CO. Inc.’s holdings in Taylor Morrison Home were worth $110,500,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of TMHC. Lord Abbett & CO. LLC boosted its position in Taylor Morrison Home by 2.5% during the third quarter. Lord Abbett & CO. LLC now owns 463,287 shares of the construction company’s stock worth $32,550,000 after purchasing an additional 11,302 shares in the last quarter. Principal Financial Group Inc. grew its stake in 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 period. Sheets Smith Wealth Management purchased a new stake in Taylor Morrison Home in the 4th quarter worth $550,000. Financial Enhancement Group LLC acquired a new position in Taylor Morrison Home during the fourth quarter worth $5,840,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in Taylor Morrison Home by 43.2% in 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 in the last quarter. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on TMHC shares. 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. Royal Bank of Canada boosted their price objective on Taylor Morrison Home from $72.00 to $74.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Barclays raised Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $75.00 to $90.00 in a research note on Wednesday, December 11th. Seaport Res Ptn raised shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 6th. Finally, StockNews.com cut shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $82.43.

Insider Transactions at Taylor Morrison Home

In related news, CAO Joseph Terracciano sold 1,537 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total transaction of $93,372.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David C. Merritt sold 2,402 shares of Taylor Morrison Home stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $63.98, for a total transaction of $153,679.96. The disclosure for this sale can be found here. Corporate insiders own 3.50% of the company’s stock.

Taylor Morrison Home Stock Performance

NYSE:TMHC opened at $61.36 on Thursday. The stock has a market capitalization of $6.24 billion, a P/E ratio of 7.41 and a beta of 1.76. 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 Co. has a fifty-two week low of $53.17 and a fifty-two week high of $75.49. The company has a 50 day moving average price of $62.10 and a 200 day moving average price of $65.59.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings data on Wednesday, February 12th. The construction company reported $2.64 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts forecast 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.