NBC Securities Inc. Has $593,000 Position in Taylor Morrison Home Co. (NYSE:TMHC)

NBC Securities Inc. lifted its position in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 98,740.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,884 shares of the construction company's stock after acquiring an additional 9,874 shares during the quarter. NBC Securities Inc.'s holdings in Taylor Morrison Home were worth $593,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Janney Montgomery Scott LLC bought a new position in Taylor Morrison Home in the fourth quarter valued at approximately $420,000. Spire Wealth Management acquired a new position in shares of Taylor Morrison Home in the 4th quarter valued at $104,000. Tectonic Advisors LLC boosted its position in shares of Taylor Morrison Home by 6.8% in the 4th quarter. Tectonic Advisors LLC now owns 25,176 shares of the construction company's stock worth $1,541,000 after purchasing an additional 1,601 shares during the last quarter. Choreo LLC grew its stake in shares of Taylor Morrison Home by 2.3% during the fourth quarter. Choreo LLC now owns 15,642 shares of the construction company's stock worth $956,000 after purchasing an additional 358 shares during the period. Finally, Meritage Portfolio Management increased its holdings in Taylor Morrison Home by 12.3% in the fourth quarter. Meritage Portfolio Management now owns 12,615 shares of the construction company's stock valued at $772,000 after purchasing an additional 1,380 shares during the last quarter. Institutional investors and hedge funds own 95.16% of the company's stock.

Insider Activity at Taylor Morrison Home

In related news, CAO Joseph Terracciano sold 1,537 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was 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 Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Royal Bank of Canada raised 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. BTIG Research set a $75.00 price objective on shares of Taylor Morrison Home and gave the stock a "buy" rating in a research note on Wednesday, April 16th. Bank of America began coverage on shares of Taylor Morrison Home in a report on Monday, May 5th. They set a "buy" rating and a $70.00 price objective for the company. Seaport Res Ptn raised Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 6th. Finally, Wedbush restated an "outperform" rating and set a $85.00 target price on shares of Taylor Morrison Home in a report on Wednesday, April 23rd. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $76.88.

Taylor Morrison Home Stock Down 1.5%

Taylor Morrison Home stock traded down $0.87 during midday trading on Friday, reaching $57.23. The stock had a trading volume of 743,098 shares, compared to its average volume of 928,949. The stock has a market capitalization of $5.74 billion, a P/E ratio of 6.91 and a beta of 1.68. The firm's fifty day simple moving average is $57.55 and its 200-day simple moving average is $61.67. 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 1-year low of $51.90 and a 1-year high of $75.49.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The construction company reported $2.18 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.33. The company 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 business's quarterly revenue was up 11.5% on a year-over-year basis. During the same period last year, the business earned $1.75 EPS. As a group, analysts expect that Taylor Morrison Home Co. will post 8.93 EPS for the current fiscal 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.