ProShare Advisors LLC Purchases 9,779 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

ProShare Advisors LLC raised its position in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 40.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,660 shares of the construction company's stock after purchasing an additional 9,779 shares during the quarter. ProShare Advisors LLC's holdings in Taylor Morrison Home were worth $2,060,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. CIBC Asset Management Inc grew its holdings in Taylor Morrison Home by 5.5% in the 4th quarter. CIBC Asset Management Inc now owns 3,302 shares of the construction company's stock valued at $202,000 after buying an additional 173 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Taylor Morrison Home by 1.2% in the 4th quarter. Pacer Advisors Inc. now owns 15,428 shares of the construction company's stock valued at $944,000 after purchasing an additional 180 shares during the period. Smartleaf Asset Management LLC grew its position in Taylor Morrison Home by 41.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company's stock worth $51,000 after purchasing an additional 243 shares during the last quarter. Savant Capital LLC grew its position in Taylor Morrison Home by 5.3% in the 4th quarter. Savant Capital LLC now owns 5,012 shares of the construction company's stock worth $307,000 after purchasing an additional 251 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its stake in shares of Taylor Morrison Home by 68.1% in the fourth quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company's stock valued at $42,000 after buying an additional 277 shares during the period. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Taylor Morrison Home

In other news, CAO Joseph Terracciano sold 1,537 shares of the company's stock in a transaction 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 document filed with the SEC, which is accessible through the SEC website. Also, Director David C. Merritt sold 2,402 shares of the firm's 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. 1.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Seaport Res Ptn raised Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research report on Thursday, March 6th. JPMorgan Chase & Co. dropped their price target on shares of Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating for the company in a research report on Tuesday, February 18th. BTIG Research set a $75.00 price target on shares of Taylor Morrison Home and gave the stock a "buy" rating in a research note on Wednesday, April 16th. Wedbush reiterated an "outperform" rating and issued a $85.00 price objective on shares of Taylor Morrison Home in a research note on Wednesday, April 23rd. Finally, 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 research report on Thursday, February 13th. 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 presently has a consensus rating of "Moderate Buy" and a consensus price target of $76.88.

Taylor Morrison Home Price Performance

Taylor Morrison Home stock traded down $0.07 on Monday, reaching $56.45. The company's stock had a trading volume of 642,227 shares, compared to its average volume of 924,232. The business's fifty day moving average price is $58.20 and its 200 day moving average price is $62.41. 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 Co. has a twelve month low of $51.90 and a twelve month 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 (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 the consensus estimate of $1.81 billion. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. The firm'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 EPS. Equities analysts expect that Taylor Morrison Home Co. will post 8.93 earnings per share for the current fiscal 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.