Rafferty Asset Management LLC Increases Position in Taylor Morrison Home Co. (NYSE:TMHC)

Rafferty Asset Management LLC lifted its position in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 47.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 72,334 shares of the construction company's stock after purchasing an additional 23,432 shares during the period. Rafferty Asset Management LLC owned about 0.07% of Taylor Morrison Home worth $4,428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Northern Trust Corp increased its stake in shares of Taylor Morrison Home by 13.4% in the fourth quarter. Northern Trust Corp now owns 1,670,241 shares of the construction company's stock worth $102,235,000 after purchasing an additional 197,880 shares in the last quarter. Norges Bank purchased a new position in Taylor Morrison Home during the fourth quarter valued at $93,810,000. Arrowstreet Capital Limited Partnership grew its stake in Taylor Morrison Home by 1.5% during the fourth 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 in the last quarter. Fisher Asset Management LLC grew its stake in Taylor Morrison Home by 9.0% during the fourth 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 in the last quarter. Finally, Nuveen Asset Management LLC grew its stake in Taylor Morrison Home by 1.6% during the fourth 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 in the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Royal Bank of Canada raised their target price on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. BTIG Research set a $75.00 target price on shares of Taylor Morrison Home and gave the company a "buy" rating in a research note on Wednesday, April 16th. Seaport Res Ptn raised shares of Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 6th. Wedbush reaffirmed an "outperform" rating and set a $85.00 target price on shares of Taylor Morrison Home in a research note on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. lowered 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 report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $76.88.

Insider Transactions at Taylor Morrison Home

In other news, CAO Joseph Terracciano sold 1,537 shares of the firm's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total value of $93,372.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 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. Company insiders own 1.40% of the company's stock.

Taylor Morrison Home Price Performance

TMHC stock opened at $59.92 on Monday. Taylor Morrison Home Co. has a 52 week low of $51.90 and a 52 week high of $75.49. The company has a quick ratio of 0.94, a current ratio of 6.39 and a debt-to-equity ratio of 0.36. The company has a fifty day simple moving average of $58.31 and a two-hundred day simple moving average of $62.86. The firm has a market capitalization of $6.01 billion, a P/E ratio of 7.24 and a beta of 1.68.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last released its 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 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 was up 11.5% on a year-over-year basis. During the same quarter last year, the business earned $1.75 EPS. Analysts anticipate that Taylor Morrison Home Co. will post 8.93 earnings per share for the current fiscal year.

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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