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

Systematic Financial Management LP cut its position in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 65.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. 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 reporting period.

Other hedge funds have also modified their holdings of the company. Morse Asset Management Inc acquired a new position in Taylor Morrison Home in the fourth quarter valued at approximately $29,000. V Square Quantitative Management LLC increased its position in Taylor Morrison Home by 68.1% during the fourth quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company's stock worth $42,000 after purchasing an additional 277 shares during the last quarter. Quarry LP lifted its stake in shares of Taylor Morrison Home by 202.1% in the 4th quarter. Quarry LP now owns 704 shares of the construction company's stock valued at $43,000 after purchasing an additional 471 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Taylor Morrison Home by 43.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company's stock valued at $49,000 after acquiring an additional 243 shares during the last quarter. Finally, SRS Capital Advisors Inc. acquired a new stake in Taylor Morrison Home in the 4th quarter valued at approximately $51,000. 95.16% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Taylor Morrison Home

In related 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David C. Merritt sold 2,402 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total value of $153,679.96. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by company insiders.

Taylor Morrison Home Trading Down 0.6%

Taylor Morrison Home stock traded down $0.32 during midday trading on Friday, reaching $56.20. The stock had a trading volume of 169,299 shares, compared to its average volume of 918,842. Taylor Morrison Home Co. has a twelve month low of $51.90 and a twelve month high of $75.49. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.39 and a quick ratio of 0.94. The firm has a market cap of $5.64 billion, a price-to-earnings ratio of 6.78 and a beta of 1.68. The firm's fifty day simple moving average is $58.25 and its two-hundred day simple moving average is $62.64.

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 recently weighed in on the company. Bank of America began coverage on Taylor Morrison Home in a research note on Monday, May 5th. They set a "buy" rating and a $70.00 target price for the company. JPMorgan Chase & Co. decreased their price objective 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. Wedbush reaffirmed an "outperform" rating and set a $85.00 price target on shares of Taylor Morrison Home in a research report on Wednesday, April 23rd. Royal Bank of Canada increased their price objective on Taylor Morrison Home from $72.00 to $74.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Finally, 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. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently 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.