Algert Global LLC Has $14.26 Million Stake in Taylor Morrison Home Co. (NYSE:TMHC)

Algert Global LLC lifted its position in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 31.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TMHC. Norges Bank bought a new position in shares of Taylor Morrison Home during the 4th quarter valued at about $93,810,000. Boston Partners raised its holdings in Taylor Morrison Home by 88.7% during the 4th quarter. Boston Partners now owns 594,347 shares of the construction company's stock worth $36,794,000 after buying an additional 279,361 shares during the period. Northern Trust Corp lifted its stake in Taylor Morrison Home by 13.4% in the fourth quarter. Northern Trust Corp now owns 1,670,241 shares of the construction company's stock valued at $102,235,000 after buying an additional 197,880 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in shares of Taylor Morrison Home by 1,172.8% in the fourth quarter. Hsbc Holdings PLC now owns 211,515 shares of the construction company's stock valued at $12,993,000 after buying an additional 194,897 shares during the period. Finally, Barclays PLC increased its position in shares of Taylor Morrison Home by 42.3% during the fourth quarter. Barclays PLC now owns 598,454 shares of the construction company's stock worth $36,630,000 after acquiring an additional 178,035 shares in the last quarter. Institutional investors and hedge funds own 95.16% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on TMHC. JPMorgan Chase & Co. reduced their target price on shares of Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating for the company in a research note on Tuesday, February 18th. Royal Bank of Canada lifted their target price on Taylor Morrison Home from $72.00 to $74.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Bank of America assumed coverage on Taylor Morrison Home in a research note on Monday. They issued a "buy" rating and a $70.00 target price on the stock. Barclays set a $69.00 price target on shares of Taylor Morrison Home and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Finally, BTIG Research set a $75.00 price objective on shares of Taylor Morrison Home and gave the stock a "buy" rating in a research report on Wednesday, April 16th. Two equities research analysts have rated the stock with a hold rating and nine 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 a consensus price target of $76.88.

Taylor Morrison Home Stock Performance

Shares of TMHC traded down $0.47 during midday trading on Friday, reaching $58.68. The stock had a trading volume of 214,934 shares, compared to its average volume of 1,047,240. The firm has a market cap of $5.89 billion, a PE ratio of 7.09 and a beta of 1.68. The firm has a 50 day simple moving average of $58.49 and a 200-day simple moving average of $63.29. Taylor Morrison Home Co. has a one year low of $51.90 and a one year high of $75.49. The company has a current ratio of 6.39, a quick ratio of 0.94 and a debt-to-equity ratio of 0.36.

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

Insider Activity at Taylor Morrison Home

In other Taylor Morrison Home news, Director David C. Merritt sold 2,402 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total transaction of $153,679.96. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Joseph Terracciano sold 1,537 shares of Taylor Morrison Home 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 disclosure for this sale can be found here. 1.40% of the stock is owned by company insiders.

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.