Cornerstone Select Advisors LLC Makes New $1.47 Million Investment in Taylor Morrison Home Co. (NYSE:TMHC)

Cornerstone Select Advisors LLC acquired a new stake in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 24,015 shares of the construction company's stock, valued at approximately $1,470,000. Taylor Morrison Home comprises 1.4% of Cornerstone Select Advisors LLC's holdings, making the stock its 23rd largest position.

Other institutional investors have also modified their holdings of the company. Barclays PLC increased its stake in shares of Taylor Morrison Home by 66.4% in the 3rd quarter. Barclays PLC now owns 420,419 shares of the construction company's stock valued at $29,539,000 after purchasing an additional 167,735 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Taylor Morrison Home by 15.3% in the 3rd quarter. Franklin Resources Inc. now owns 618,360 shares of the construction company's stock valued at $42,345,000 after purchasing an additional 81,841 shares in the last quarter. Principal Financial Group Inc. increased 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 purchasing an additional 69,222 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Taylor Morrison Home by 2.0% in the 4th quarter. Nordea Investment Management AB now owns 138,871 shares of the construction company's stock valued at $8,529,000 after purchasing an additional 2,760 shares in the last quarter. Finally, Range Financial Group LLC acquired a new stake in Taylor Morrison Home in the 4th quarter worth about $307,000. Hedge funds and other institutional investors own 95.16% of the company's stock.

Wall Street Analyst Weigh In

TMHC has been the topic of several research analyst reports. Wedbush reiterated an "outperform" rating and issued a $85.00 price objective on shares of Taylor Morrison Home in a report on Wednesday, April 23rd. Royal Bank of Canada boosted their target price on Taylor Morrison Home from $72.00 to $74.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. JPMorgan Chase & Co. lowered their target price on Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. BTIG Research set a $75.00 target price on Taylor Morrison Home and gave the stock a "buy" rating in a report on Wednesday, April 16th. Finally, Bank of America started coverage on Taylor Morrison Home in a report on Monday, May 5th. They issued a "buy" rating and a $70.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $76.88.

Insider Activity

In related news, Director David C. Merritt sold 2,402 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total transaction of $153,679.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Joseph Terracciano sold 1,537 shares of the stock in a transaction dated 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. Company insiders own 1.40% of the company's stock.

Taylor Morrison Home Stock Up 2.0%

Shares of Taylor Morrison Home stock traded up $1.16 during trading on Monday, reaching $59.83. The company had a trading volume of 262,678 shares, compared to its average volume of 904,022. The company has a market cap of $6.01 billion, a price-to-earnings ratio of 7.24 and a beta of 1.68. The firm's fifty day moving average is $58.45 and its 200-day moving average is $63.19. 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 Co. has a fifty-two week low of $51.90 and a fifty-two week high of $75.49.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.85 by $0.33. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates 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 in the prior year, the business posted $1.75 EPS. On average, analysts anticipate that Taylor Morrison Home Co. will post 8.93 EPS for the current year.

Taylor Morrison Home 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.