Nomura Holdings Inc. Invests $839,000 in Taylor Morrison Home Co. (NYSE:TMHC)

Nomura Holdings Inc. bought a new position in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 13,705 shares of the construction company's stock, valued at approximately $839,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Northern Trust Corp boosted its position in shares of Taylor Morrison Home by 13.4% during the 4th quarter. Northern Trust Corp now owns 1,670,241 shares of the construction company's stock valued at $102,235,000 after acquiring an additional 197,880 shares during the last quarter. Norges Bank acquired a new position in shares of Taylor Morrison Home during the 4th quarter valued at about $93,810,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Taylor Morrison Home by 1.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,369,832 shares of the construction company's stock valued at $83,847,000 after acquiring an additional 20,908 shares during the last quarter. Fisher Asset Management LLC boosted its position in shares of Taylor Morrison Home by 9.0% during the 4th quarter. Fisher Asset Management LLC now owns 1,255,266 shares of the construction company's stock valued at $76,835,000 after acquiring an additional 103,289 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its position in shares of Taylor Morrison Home by 1.6% during the 4th quarter. Nuveen Asset Management LLC now owns 952,988 shares of the construction company's stock valued at $58,332,000 after acquiring an additional 14,590 shares during the last quarter. Institutional investors and hedge funds own 95.16% of the company's stock.

Taylor Morrison Home Stock Down 1.3%

Shares of TMHC opened at $59.23 on Tuesday. The stock has a market capitalization of $5.94 billion, a PE ratio of 7.15 and a beta of 1.68. Taylor Morrison Home Co. has a 1 year low of $51.90 and a 1 year 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's 50-day simple moving average is $58.31 and its 200-day simple moving average is $62.80.

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 (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 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 quarter in the prior year, the company earned $1.75 earnings per share. Analysts forecast that Taylor Morrison Home Co. will post 8.93 earnings per share for the current fiscal year.

Insider Transactions at Taylor Morrison Home

In related news, Director David C. Merritt sold 2,402 shares of the company's stock in a transaction that occurred on 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 can be accessed through this hyperlink. Also, CAO Joseph Terracciano sold 1,537 shares of the company'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.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Bank of America assumed coverage on shares of Taylor Morrison Home in a research report on Monday, May 5th. They set a "buy" rating and a $70.00 price target on the stock. Wedbush reaffirmed an "outperform" rating and issued a $85.00 target price on shares of Taylor Morrison Home in a research report on Wednesday, April 23rd. Barclays set a $69.00 target price on shares of Taylor Morrison Home and gave the company an "overweight" rating in a research report on Thursday, April 24th. BTIG Research set a $75.00 target price on shares of Taylor Morrison Home and gave the company a "buy" rating in a research report on Wednesday, April 16th. Finally, Seaport Res Ptn raised shares of Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research report on Thursday, March 6th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $76.88.

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.

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