Clark Capital Management Group Inc. Buys 73,215 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Clark Capital Management Group Inc. lifted its stake in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 10.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 751,368 shares of the construction company's stock after acquiring an additional 73,215 shares during the quarter. Clark Capital Management Group Inc. owned approximately 0.73% of Taylor Morrison Home worth $45,991,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. increased its holdings in Taylor Morrison Home by 3.5% during the third quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company's stock worth $144,144,000 after buying an additional 69,222 shares during the last quarter. Northern Trust Corp raised its position in shares of 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 purchasing an additional 197,880 shares during the period. Norges Bank acquired a new stake in shares of Taylor Morrison Home during the 4th quarter worth about $93,810,000. Arrowstreet Capital Limited Partnership grew its position in shares of Taylor Morrison Home by 1.5% in 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 last quarter. Finally, Fisher Asset Management LLC increased its stake in shares of Taylor Morrison Home by 9.0% during 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 period. Institutional investors own 95.16% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Wedbush reissued an "outperform" rating and issued a $85.00 target price on shares of Taylor Morrison Home in a research report on Wednesday, April 23rd. Bank of America assumed coverage on shares of Taylor Morrison Home in a research note on Monday, May 5th. They set a "buy" rating and a $70.00 price objective on the stock. Barclays set a $69.00 price objective on shares of Taylor Morrison Home and gave the company an "overweight" rating in a research report on Thursday, April 24th. Seaport Res Ptn upgraded Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 6th. Finally, BTIG Research set a $75.00 price objective on Taylor Morrison Home and gave the stock a "buy" rating in a research report on Wednesday, April 16th. Two 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.com, the company has a consensus rating of "Moderate Buy" and an average price target of $76.88.

Insider Activity

In other Taylor Morrison Home news, 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 value of $153,679.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Joseph Terracciano sold 1,537 shares of the stock in a transaction on Tuesday, March 11th. The stock was 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. Insiders own 1.40% of the company's stock.

Taylor Morrison Home Trading Up 1.7%

Shares of NYSE:TMHC traded up $1.05 during midday trading on Tuesday, hitting $61.82. 391,337 shares of the stock were exchanged, compared to its average volume of 904,630. The business's 50-day moving average price is $58.44 and its 200 day moving average price is $63.13. The stock has a market capitalization of $6.20 billion, a price-to-earnings ratio of 7.47 and a beta of 1.68. Taylor Morrison Home Co. has a 12 month low of $51.90 and a 12 month high of $75.49. 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 (NYSE:TMHC - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The construction company reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.33. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.75 earnings per share. Analysts predict that Taylor Morrison Home Co. will post 8.93 earnings per share for the current year.

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.