Taylor Morrison Home Co. (NYSE:TMHC) Shares Sold by Rhumbline Advisers

Rhumbline Advisers reduced its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 2.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 344,085 shares of the construction company's stock after selling 9,935 shares during the quarter. Rhumbline Advisers owned 0.34% of Taylor Morrison Home worth $20,659,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. CIBC Asset Management Inc grew its stake in Taylor Morrison Home by 5.5% during the fourth quarter. CIBC Asset Management Inc now owns 3,302 shares of the construction company's stock worth $202,000 after buying an additional 173 shares during the period. Smartleaf Asset Management LLC grew its stake in Taylor Morrison Home by 41.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company's stock worth $51,000 after buying an additional 243 shares during the period. Savant Capital LLC boosted its stake in shares of Taylor Morrison Home by 5.3% in the fourth quarter. Savant Capital LLC now owns 5,012 shares of the construction company's stock valued at $307,000 after purchasing an additional 251 shares during the period. BTC Capital Management Inc. boosted its stake in shares of Taylor Morrison Home by 5.2% in the first quarter. BTC Capital Management Inc. now owns 5,442 shares of the construction company's stock valued at $327,000 after purchasing an additional 267 shares during the period. Finally, V Square Quantitative Management LLC boosted 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 purchasing an additional 277 shares during the period. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on TMHC shares. JPMorgan Chase & Co. decreased their target price on shares of Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating for the company in a research note on Tuesday, February 18th. BTIG Research set a $75.00 price objective on shares of Taylor Morrison Home and gave the company a "buy" rating in a research note on Wednesday, April 16th. Bank of America began coverage on shares of Taylor Morrison Home in a research note on Monday, May 5th. They set a "buy" rating and a $70.00 price objective on the stock. Barclays set a $69.00 price objective on shares of Taylor Morrison Home and gave the company an "overweight" rating in a research note on Thursday, April 24th. Finally, Royal Bank of Canada increased their price objective 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. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $76.88.

Taylor Morrison Home Stock Performance

Shares of NYSE:TMHC traded down $0.87 during trading on Friday, hitting $57.23. 743,098 shares of the company traded hands, compared to its average volume of 931,256. The stock has a market capitalization of $5.74 billion, a price-to-earnings ratio of 6.91 and a beta of 1.57. The business's fifty day moving average is $57.48 and its 200-day moving average is $61.53. Taylor Morrison Home Co. has a one year low of $51.90 and a one year 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.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The construction company reported $2.18 earnings per share for the quarter, topping 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 business had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.81 billion. During the same quarter last year, the company earned $1.75 EPS. The company's revenue for the quarter was up 11.5% compared to the same quarter last year. As a group, equities analysts predict that Taylor Morrison Home Co. will post 8.93 earnings per share for the current fiscal year.

Insider Buying and Selling

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 value of $93,372.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 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.