Nomura Holdings Inc. Purchases Shares of 13,705 Taylor Morrison Home Co. (NYSE:TMHC)

Nomura Holdings Inc. acquired a new position in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 13,705 shares of the construction company's stock, valued at approximately $839,000.

Other hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Taylor Morrison Home in the fourth quarter worth $93,810,000. Boston Partners lifted its holdings in shares of Taylor Morrison Home by 88.7% in the fourth quarter. Boston Partners now owns 594,347 shares of the construction company's stock valued at $36,794,000 after purchasing an additional 279,361 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Taylor Morrison Home in the 4th quarter valued at about $14,736,000. Northern Trust Corp boosted its holdings in Taylor Morrison Home by 13.4% in the 4th 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. Finally, Hsbc Holdings PLC grew its holdings in shares of Taylor Morrison Home by 1,172.8% during the fourth quarter. Hsbc Holdings PLC now owns 211,515 shares of the construction company's stock worth $12,993,000 after purchasing an additional 194,897 shares during the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director David C. Merritt sold 2,402 shares of Taylor Morrison Home stock in a transaction that occurred on Tuesday, February 25th. The shares were 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 SEC, which is available through the SEC website. Also, CAO Joseph Terracciano sold 1,537 shares of the business'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 transaction of $93,372.75. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company's stock.

Analyst Upgrades and Downgrades

TMHC has been the topic of several research analyst reports. Bank of America started coverage on Taylor Morrison Home in a research report on Monday, May 5th. They issued a "buy" rating and a $70.00 price objective on the stock. Seaport Res Ptn upgraded shares of Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 6th. JPMorgan Chase & Co. dropped their price objective on shares of Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating for the company in a research note on Tuesday, February 18th. Royal Bank of Canada raised their target price on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Finally, Wall Street Zen upgraded shares of Taylor Morrison Home from a "hold" rating to a "buy" rating in a research report on Saturday. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Taylor Morrison Home currently has a consensus rating of "Moderate Buy" and an average target price of $76.88.

Taylor Morrison Home Trading Down 0.1%

TMHC traded down $0.07 during trading on Friday, reaching $56.45. The company had a trading volume of 642,227 shares, compared to its average volume of 924,232. The firm's 50-day simple moving average is $58.20 and its 200 day simple moving average is $62.41. 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. The company has a market cap of $5.67 billion, a price-to-earnings ratio of 6.82 and a beta of 1.68.

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

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.