Taylor Morrison Home Co. (NYSE:TMHC) Shares Purchased by Royal Bank of Canada

Royal Bank of Canada grew its position in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 5.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 284,294 shares of the construction company's stock after buying an additional 15,263 shares during the quarter. Royal Bank of Canada owned 0.27% of Taylor Morrison Home worth $17,402,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Morse Asset Management Inc purchased a new stake in Taylor Morrison Home during the 4th quarter valued at $29,000. V Square Quantitative Management LLC increased its holdings in Taylor Morrison Home by 68.1% in the 4th quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company's stock worth $42,000 after buying an additional 277 shares in the last quarter. Quarry LP raised its position in Taylor Morrison Home by 202.1% in the 4th quarter. Quarry LP now owns 704 shares of the construction company's stock worth $43,000 after buying an additional 471 shares during the last quarter. SRS Capital Advisors Inc. purchased a new position in Taylor Morrison Home in the 4th quarter worth about $51,000. Finally, Smartleaf Asset Management LLC increased its position in Taylor Morrison Home by 41.4% in 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 in the last quarter. Institutional investors own 95.16% of the company's stock.

Insiders Place Their Bets

In related 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 sale was disclosed in a document filed with the SEC, which is available through this link. 1.40% of the stock is currently owned by insiders.

Taylor Morrison Home Stock Down 0.8%

TMHC stock traded down $0.46 during trading on Friday, reaching $56.41. 110,164 shares of the company traded hands, compared to its average volume of 922,001. The company has a market capitalization of $5.66 billion, a price-to-earnings ratio of 6.81 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 business has a 50 day simple moving average of $57.92 and a 200 day simple moving average of $62.11. Taylor Morrison Home Co. has a 12 month low of $51.90 and a 12 month high of $75.49.

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. dropped 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 report on Tuesday, February 18th. Royal Bank of Canada lifted their price target on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Wedbush reissued an "outperform" rating and issued a $85.00 price objective on shares of Taylor Morrison Home in a research report on Wednesday, April 23rd. 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. Finally, Bank of America started coverage on Taylor Morrison Home in a research note on Monday, May 5th. They set a "buy" rating and a $70.00 target price on the stock. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $76.88.

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.