Royal Bank of Canada Has $17.40 Million Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

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

A number of other institutional investors and hedge funds also recently modified their holdings of TMHC. Morse Asset Management Inc acquired a new stake in Taylor Morrison Home during the 4th quarter worth approximately $29,000. V Square Quantitative Management LLC boosted its stake in shares of Taylor Morrison Home by 68.1% during the 4th quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company's stock valued at $42,000 after buying an additional 277 shares during the last quarter. Quarry LP boosted its stake in shares of Taylor Morrison Home by 202.1% during the 4th quarter. Quarry LP now owns 704 shares of the construction company's stock valued at $43,000 after buying an additional 471 shares during the last quarter. SRS Capital Advisors Inc. purchased a new position in shares of Taylor Morrison Home during the 4th quarter valued at approximately $51,000. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Taylor Morrison Home by 41.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company's stock valued at $51,000 after buying an additional 243 shares during the last quarter. Institutional investors and hedge funds own 95.16% of the company's stock.

Insider Activity

In other news, CAO Joseph Terracciano sold 1,537 shares of Taylor Morrison Home stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total transaction of $93,372.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is owned by corporate insiders.

Taylor Morrison Home Stock Up 1.2%

NYSE:TMHC traded up $0.70 on Thursday, hitting $56.76. 398,053 shares of the company's stock traded hands, compared to its average volume of 922,305. The company has a current ratio of 6.39, a quick ratio of 0.94 and a debt-to-equity ratio of 0.36. Taylor Morrison Home Co. has a 1 year low of $51.90 and a 1 year high of $75.49. The firm has a 50-day moving average price of $58.01 and a 200-day moving average price of $62.22. The company has a market cap of $5.70 billion, a PE ratio of 6.85 and a beta of 1.68.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last announced its quarterly 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 firm's revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.75 EPS. Equities analysts anticipate that Taylor Morrison Home Co. will post 8.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on TMHC shares. Wedbush reaffirmed an "outperform" rating and issued a $85.00 target price on shares of Taylor Morrison Home in a research report on Wednesday, April 23rd. Barclays set a $69.00 target price on Taylor Morrison Home and gave the stock an "overweight" rating in a report on Thursday, April 24th. Wall Street Zen raised Taylor Morrison Home from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. BTIG Research set a $75.00 price target on Taylor Morrison Home and gave the stock a "buy" rating in a research note on Wednesday, April 16th. Finally, Bank of America assumed coverage on Taylor Morrison Home in a research note on Monday, May 5th. They issued a "buy" rating and a $70.00 price target on the stock. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $76.88.

About Taylor Morrison Home

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.