Taylor Morrison Home Co. (NYSE:TMHC) Shares Acquired by Rafferty Asset Management LLC

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

Several other large investors have also recently made changes to their positions in TMHC. Norges Bank purchased a new position in Taylor Morrison Home in the fourth quarter worth about $93,810,000. Boston Partners grew its position in Taylor Morrison Home by 88.7% in the fourth quarter. Boston Partners now owns 594,347 shares of the construction company's stock worth $36,794,000 after acquiring an additional 279,361 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in Taylor Morrison Home in the fourth quarter worth about $14,736,000. Point72 Asset Management L.P. purchased a new position in Taylor Morrison Home in the fourth quarter worth about $13,332,000. Finally, Northern Trust Corp grew its position in 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 acquiring an additional 197,880 shares in the last quarter. 95.16% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on TMHC shares. Wall Street Zen upgraded Taylor Morrison Home from a "hold" rating to a "buy" rating in a research report on Saturday. Wedbush reiterated an "outperform" rating and issued a $85.00 price target on shares of Taylor Morrison Home in a research report on Wednesday, April 23rd. Bank of America started coverage on Taylor Morrison Home in a research report on Monday, May 5th. They issued a "buy" rating and a $70.00 price target for the company. JPMorgan Chase & Co. dropped their price target on 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. Finally, BTIG Research set a $75.00 target price on Taylor Morrison Home and gave the company a "buy" rating in a research report on Wednesday, April 16th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $76.88.

Insider Activity at Taylor Morrison Home

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

Taylor Morrison Home Trading Down 0.1%

Shares of NYSE:TMHC traded down $0.07 during trading hours on Friday, hitting $56.45. 642,227 shares of the company's stock traded hands, compared to its average volume of 924,232. Taylor Morrison Home Co. has a 1 year low of $51.90 and a 1 year high of $75.49. The business has a fifty day moving average price of $58.20 and a 200-day moving average price of $62.48. The firm has a market capitalization of $5.67 billion, a P/E ratio of 6.82 and a beta of 1.68. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.39 and a quick ratio of 0.94.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The construction company reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.33. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.81 billion. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. The company's revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.75 earnings per share. Equities analysts expect that Taylor Morrison Home Co. will post 8.93 earnings per share for the current 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.