Ameriprise Financial Inc. Has $39.25 Million Position in Taylor Morrison Home Co. (NYSE:TMHC)

Ameriprise Financial Inc. lifted its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 3.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 641,170 shares of the construction company's stock after purchasing an additional 22,421 shares during the quarter. Ameriprise Financial Inc. owned about 0.62% of Taylor Morrison Home worth $39,247,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC grew its position in Taylor Morrison Home by 68.1% in the 4th quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company's stock valued at $42,000 after buying an additional 277 shares in the last quarter. Quarry LP raised its holdings in shares of Taylor Morrison Home by 202.1% in the fourth quarter. Quarry LP now owns 704 shares of the construction company's stock valued at $43,000 after buying an additional 471 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Taylor Morrison Home by 43.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company's stock worth $49,000 after purchasing an additional 243 shares during the last quarter. SRS Capital Advisors Inc. acquired a new position in shares of Taylor Morrison Home in the 4th quarter valued at approximately $51,000. Finally, Smartleaf Asset Management LLC increased its holdings in Taylor Morrison Home by 41.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company's stock worth $51,000 after buying an additional 243 shares during the last quarter. Institutional investors and hedge funds own 95.16% of the company's stock.

Taylor Morrison Home Stock Performance

Shares of Taylor Morrison Home stock traded up $0.98 on Friday, reaching $59.92. 732,553 shares of the company traded hands, compared to its average volume of 911,775. The firm has a market capitalization of $6.01 billion, a PE ratio of 7.24 and a beta of 1.68. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.39 and a quick ratio of 0.94. The company has a 50 day moving average of $58.31 and a 200 day moving average of $62.86. Taylor Morrison Home Co. has a 52 week low of $51.90 and a 52 week high of $75.49.

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

Insider Activity at Taylor Morrison Home

In other news, CAO Joseph Terracciano sold 1,537 shares of the business's 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 legal filing with the SEC, which is available at this hyperlink. Also, Director David C. Merritt sold 2,402 shares of the business's 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. 1.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TMHC. Bank of America started coverage on shares of Taylor Morrison Home in a research note on Monday, May 5th. They issued a "buy" rating and a $70.00 price objective on the stock. Royal Bank of Canada upped their target price on Taylor Morrison Home from $72.00 to $74.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Seaport Res Ptn raised Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research report on Thursday, March 6th. JPMorgan Chase & Co. decreased their target price on Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th. Finally, BTIG Research set a $75.00 price objective on Taylor Morrison Home and gave the company 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. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $76.88.

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.