Millennium Management LLC Sells 109,463 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Millennium Management LLC decreased its position in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 15.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 598,895 shares of the construction company's stock after selling 109,463 shares during the quarter. Millennium Management LLC owned approximately 0.58% of Taylor Morrison Home worth $36,658,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. CIBC Asset Management Inc increased its holdings in shares of Taylor Morrison Home by 5.5% during the fourth quarter. CIBC Asset Management Inc now owns 3,302 shares of the construction company's stock valued at $202,000 after acquiring an additional 173 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of Taylor Morrison Home by 1.2% during the fourth quarter. Pacer Advisors Inc. now owns 15,428 shares of the construction company's stock valued at $944,000 after acquiring an additional 180 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Taylor Morrison Home by 43.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company's stock valued at $49,000 after acquiring an additional 243 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Taylor Morrison Home by 41.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company's stock valued at $51,000 after acquiring an additional 243 shares in the last quarter. Finally, Savant Capital LLC increased its holdings in shares of Taylor Morrison Home by 5.3% during the fourth quarter. Savant Capital LLC now owns 5,012 shares of the construction company's stock valued at $307,000 after acquiring an additional 251 shares in the last quarter. Institutional investors own 95.16% of the company's stock.

Insiders Place Their Bets

In other news, CAO Joseph Terracciano sold 1,537 shares of Taylor Morrison Home 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director David C. Merritt sold 2,402 shares of Taylor Morrison Home stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total value of $153,679.96. The disclosure for this sale can be found here. Insiders own 1.40% of the company's stock.

Taylor Morrison Home Stock Performance

NYSE:TMHC traded down $0.07 on Friday, hitting $56.45. The stock had a trading volume of 642,227 shares, compared to its average volume of 921,989. The stock has a market cap of $5.67 billion, a price-to-earnings ratio of 6.82 and a beta of 1.68. 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 business's 50-day simple moving average is $58.20 and its two-hundred day simple moving average is $62.53. 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 announced its earnings results on Wednesday, April 23rd. The construction company reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.33. The business had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.81 billion. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. The business's revenue for the quarter was up 11.5% on a year-over-year basis. During the same period last year, the firm posted $1.75 earnings per share. As a group, research analysts predict that Taylor Morrison Home Co. will post 8.93 earnings per share for the current year.

Wall Street Analyst Weigh In

TMHC has been the subject of several analyst reports. Bank of America initiated coverage on Taylor Morrison Home in a report on Monday, May 5th. They set a "buy" rating and a $70.00 price target for the company. 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. Barclays set a $69.00 price objective on Taylor Morrison Home and gave the stock an "overweight" rating in a report on Thursday, April 24th. Seaport Res Ptn upgraded Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a report on Thursday, March 6th. Finally, JPMorgan Chase & Co. reduced their price objective on Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating for the company in a report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, Taylor Morrison Home presently has a consensus rating of "Moderate Buy" and a consensus 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.