Systematic Financial Management LP Sells 10,322 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Systematic Financial Management LP trimmed its stake in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 65.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,500 shares of the construction company's stock after selling 10,322 shares during the quarter. Systematic Financial Management LP's holdings in Taylor Morrison Home were worth $337,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of TMHC. Sheets Smith Wealth Management purchased a new position in Taylor Morrison Home in the 4th quarter worth approximately $550,000. JPMorgan Chase & Co. increased its holdings in shares of Taylor Morrison Home by 24.0% in the 4th quarter. JPMorgan Chase & Co. now owns 811,253 shares of the construction company's stock worth $49,657,000 after purchasing an additional 156,793 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Taylor Morrison Home by 43.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company's stock worth $49,000 after purchasing an additional 243 shares in the last quarter. Barclays PLC raised its stake in shares of Taylor Morrison Home by 66.4% in the third quarter. Barclays PLC now owns 420,419 shares of the construction company's stock worth $29,539,000 after purchasing an additional 167,735 shares during the last quarter. Finally, Park Avenue Securities LLC lifted its holdings in shares of Taylor Morrison Home by 25.1% during the fourth quarter. Park Avenue Securities LLC now owns 7,710 shares of the construction company's stock valued at $472,000 after purchasing an additional 1,547 shares in the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.

Taylor Morrison Home Stock Performance

TMHC traded down $0.69 during trading on Thursday, hitting $56.49. The company's stock had a trading volume of 2,711,117 shares, compared to its average volume of 920,650. The business's 50 day simple moving average is $58.30 and its 200-day simple moving average is $62.73. The firm has a market cap of $5.67 billion, a PE ratio of 6.82 and a beta of 1.68. 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 announced its earnings results on Wednesday, April 23rd. The construction company reported $2.18 EPS for the quarter, topping analysts' consensus estimates of $1.85 by $0.33. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. The company had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.81 billion. During the same period last year, the firm earned $1.75 EPS. Taylor Morrison Home's revenue for the quarter was up 11.5% compared to the same quarter last year. As a group, sell-side analysts predict that Taylor Morrison Home Co. will post 8.93 EPS for the current fiscal year.

Insider Transactions at Taylor Morrison Home

In related news, Director David C. Merritt sold 2,402 shares of the company's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total value of $153,679.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 disclosure for this sale can be found here. Corporate insiders own 1.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on TMHC shares. Bank of America assumed coverage on Taylor Morrison Home in a report on Monday, May 5th. They issued a "buy" rating and a $70.00 price objective for the company. JPMorgan Chase & Co. dropped their price target on shares of Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. Seaport Res Ptn raised shares of Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a report on Thursday, March 6th. BTIG Research set a $75.00 target price on shares of Taylor Morrison Home and gave the stock a "buy" rating in a report on Wednesday, April 16th. Finally, 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. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus 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.