Nuveen Asset Management LLC Acquires 14,590 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Nuveen Asset Management LLC lifted its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 952,988 shares of the construction company's stock after purchasing an additional 14,590 shares during the period. Nuveen Asset Management LLC owned 0.92% of Taylor Morrison Home worth $58,332,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Morse Asset Management Inc purchased a new stake in shares of Taylor Morrison Home during the 4th quarter worth approximately $29,000. V Square Quantitative Management LLC increased its stake in shares of Taylor Morrison Home by 68.1% during the 4th quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company's stock worth $42,000 after purchasing an additional 277 shares during the last quarter. Quarry LP increased its stake in shares of Taylor Morrison Home by 202.1% during the 4th quarter. Quarry LP now owns 704 shares of the construction company's stock worth $43,000 after purchasing an additional 471 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Taylor Morrison Home by 43.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company's stock worth $49,000 after purchasing an additional 243 shares during the last quarter. Finally, SRS Capital Advisors Inc. purchased a new stake in shares of Taylor Morrison Home during the 4th quarter worth approximately $51,000. Hedge funds and other institutional investors own 95.16% of the company's stock.

Insider Activity

In other news, CAO Joseph Terracciano sold 1,537 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total transaction of $93,372.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David C. Merritt sold 2,402 shares of the business's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total transaction of $153,679.96. The disclosure for this sale can be found here. Company insiders own 1.40% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TMHC. Royal Bank of Canada raised their price target on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Bank of America initiated coverage on shares of Taylor Morrison Home in a research note on Monday, May 5th. They issued a "buy" rating and a $70.00 price objective for the company. Wedbush reissued an "outperform" rating and set a $85.00 target price on shares of Taylor Morrison Home in a report on Wednesday, April 23rd. BTIG Research set a $75.00 target price on shares of Taylor Morrison Home and gave the company a "buy" rating in a report on Wednesday, April 16th. Finally, Barclays set a $69.00 target price on shares of Taylor Morrison Home and gave the company an "overweight" rating in a report on Thursday, April 24th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Taylor Morrison Home has a consensus rating of "Moderate Buy" and an average target price of $76.88.

Taylor Morrison Home Price Performance

Shares of TMHC traded down $0.07 during mid-day trading on Friday, reaching $56.45. 642,227 shares of the stock traded hands, compared to its average volume of 924,232. The firm has a fifty day moving average price of $58.20 and a 200 day moving average price of $62.48. The company 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 current ratio of 6.39, a quick ratio of 0.94 and a debt-to-equity ratio of 0.36. 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 released its quarterly earnings results on Wednesday, April 23rd. The construction company reported $2.18 EPS for the quarter, beating analysts' consensus estimates of $1.85 by $0.33. The firm had revenue of $1.90 billion during 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 business's revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.75 EPS. As a group, equities research analysts predict 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.