Algert Global LLC Acquires 55,443 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Algert Global LLC increased its holdings in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 31.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 232,881 shares of the construction company's stock after purchasing an additional 55,443 shares during the quarter. Algert Global LLC owned 0.23% of Taylor Morrison Home worth $14,255,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. 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. Northern Trust Corp increased its stake in Taylor Morrison Home by 13.4% in the 4th quarter. Northern Trust Corp now owns 1,670,241 shares of the construction company's stock worth $102,235,000 after purchasing an additional 197,880 shares during the period. Norges Bank bought a new stake in Taylor Morrison Home in the fourth quarter valued at approximately $93,810,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Taylor Morrison Home by 1.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,369,832 shares of the construction company's stock valued at $83,847,000 after purchasing an additional 20,908 shares during the period. Finally, Fisher Asset Management LLC grew its holdings in shares of Taylor Morrison Home by 9.0% in the fourth quarter. Fisher Asset Management LLC now owns 1,255,266 shares of the construction company's stock worth $76,835,000 after purchasing an additional 103,289 shares during the last quarter. 95.16% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. StockNews.com lowered shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Wednesday, January 8th. Wolfe Research upgraded shares of Taylor Morrison Home from a "peer perform" rating to an "outperform" rating and set a $76.00 target price for the company in a report on Wednesday, January 8th. BTIG Research set a $75.00 target price on Taylor Morrison Home and gave the stock a "buy" rating in a research note on Wednesday, April 16th. Wedbush reaffirmed an "outperform" rating and set a $85.00 price target on shares of Taylor Morrison Home in a research report on Wednesday, April 23rd. Finally, Seaport Res Ptn upgraded Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research report on Thursday, March 6th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $77.86.

Taylor Morrison Home Trading Up 2.5 %

TMHC opened at $58.89 on Friday. The company has a quick ratio of 0.94, a current ratio of 6.39 and a debt-to-equity ratio of 0.36. Taylor Morrison Home Co. has a 52 week low of $51.90 and a 52 week high of $75.49. The stock has a market cap of $5.91 billion, a PE ratio of 7.11 and a beta of 1.68. The business has a 50 day moving average of $58.71 and a 200-day moving average of $63.56.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The construction company reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.33. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the business earned $1.75 EPS. Taylor Morrison Home's quarterly revenue was up 11.5% compared to the same quarter last year. Equities research analysts predict that Taylor Morrison Home Co. will post 8.93 earnings per share for the current fiscal year.

Insider Activity

In related news, CAO Joseph Terracciano sold 1,537 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total transaction of $93,372.75. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David C. Merritt sold 2,402 shares of Taylor Morrison Home stock in a transaction dated 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. Company insiders own 1.40% of the company's stock.

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.

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