Canada Pension Plan Investment Board Buys 49,500 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Canada Pension Plan Investment Board boosted its holdings in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 169.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 78,700 shares of the construction company's stock after acquiring an additional 49,500 shares during the quarter. Canada Pension Plan Investment Board owned 0.08% of Taylor Morrison Home worth $4,817,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Taylor Morrison Home in the 4th quarter worth $93,810,000. Boston Partners raised its stake in shares of Taylor Morrison Home by 88.7% in 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 in the last quarter. Barclays PLC raised its stake in shares of Taylor Morrison Home by 42.3% in the 4th quarter. Barclays PLC now owns 598,454 shares of the construction company's stock worth $36,630,000 after buying an additional 178,035 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Taylor Morrison Home by 24.0% in the 4th quarter. JPMorgan Chase & Co. now owns 811,253 shares of the construction company's stock worth $49,657,000 after buying an additional 156,793 shares in the last quarter. Finally, World Investment Advisors LLC bought a new stake in shares of Taylor Morrison Home in the 3rd quarter worth $10,291,000. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on TMHC shares. StockNews.com downgraded Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note on Wednesday, January 8th. JPMorgan Chase & Co. decreased their price target on Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating for the company in a research report on Tuesday, February 18th. Barclays set a $69.00 price objective on Taylor Morrison Home and gave the stock an "overweight" rating in a report on Thursday. BTIG Research set a $75.00 price objective on Taylor Morrison Home and gave the stock a "buy" rating in a report on Wednesday, April 16th. Finally, Wolfe Research upgraded Taylor Morrison Home from a "peer perform" rating to an "outperform" rating and set a $76.00 price objective on the stock in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Taylor Morrison Home has an average rating of "Moderate Buy" and an average target price of $77.86.

Taylor Morrison Home Stock Down 0.6 %

Shares of TMHC traded down $0.35 during trading hours on Monday, reaching $57.27. The company's stock had a trading volume of 1,011,053 shares, compared to its average volume of 906,968. The firm has a market cap of $5.83 billion, a price-to-earnings ratio of 6.92 and a beta of 1.76. Taylor Morrison Home Co. has a 1-year low of $51.90 and a 1-year high of $75.49. The company has a quick ratio of 0.94, a current ratio of 6.39 and a debt-to-equity ratio of 0.36. The company has a 50 day moving average of $59.05 and a two-hundred day moving average of $63.84.

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

Insider Activity at Taylor Morrison Home

In related news, Director David C. Merritt sold 2,402 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $63.98, for a total value of $153,679.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Joseph Terracciano sold 1,537 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total value of $93,372.75. The disclosure for this sale can be found here. 1.40% of the stock is currently 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.