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

ProShare Advisors LLC grew its holdings in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 40.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,660 shares of the construction company's stock after acquiring an additional 9,779 shares during the period. ProShare Advisors LLC's holdings in Taylor Morrison Home were worth $2,060,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in TMHC. Barclays PLC boosted its holdings in shares of Taylor Morrison Home by 66.4% during the 3rd quarter. Barclays PLC now owns 420,419 shares of the construction company's stock worth $29,539,000 after buying an additional 167,735 shares during the period. Park Avenue Securities LLC boosted its holdings in shares of Taylor Morrison Home by 25.1% during the 4th quarter. Park Avenue Securities LLC now owns 7,710 shares of the construction company's stock worth $472,000 after buying an additional 1,547 shares during the period. Sheets Smith Wealth Management bought a new stake in shares of Taylor Morrison Home during the 4th quarter worth $550,000. Janney Montgomery Scott LLC bought a new stake in shares of Taylor Morrison Home during the 4th quarter worth $420,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in shares of Taylor Morrison Home by 13.8% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,093 shares of the construction company's stock worth $312,000 after buying an additional 619 shares during the period. 95.16% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TMHC shares. 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 shares of Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a report on Thursday, March 6th. Wedbush reissued an "outperform" rating and issued a $85.00 price target on shares of Taylor Morrison Home in a report on Wednesday, April 23rd. JPMorgan Chase & Co. reduced 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 report on Tuesday, February 18th. Finally, Royal Bank of Canada increased their price target on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $76.88.

Taylor Morrison Home Trading Down 1.0%

Shares of TMHC stock opened at $58.75 on Wednesday. Taylor Morrison Home Co. has a 52-week low of $51.90 and a 52-week high of $75.49. The stock has a market cap of $5.90 billion, a price-to-earnings ratio of 7.10 and a beta of 1.68. 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 firm has a fifty day moving average of $58.32 and a 200-day moving average of $62.77.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The construction company reported $2.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.85 by $0.33. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. The company had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $1.81 billion. During the same quarter in the prior year, the company posted $1.75 EPS. The business's revenue was up 11.5% on a year-over-year basis. On average, equities research analysts forecast that Taylor Morrison Home Co. will post 8.93 earnings per share for the current fiscal year.

Insider Activity

In related news, CAO Joseph Terracciano sold 1,537 shares of the stock in a transaction dated Tuesday, March 11th. The shares were 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 is available at the SEC website. Also, Director David C. Merritt sold 2,402 shares of the stock in a transaction dated Tuesday, February 25th. The stock was 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. Corporate insiders own 1.40% of the company's stock.

Taylor Morrison Home Company 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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