Taylor Morrison Home Co. (NYSE:TMHC) Shares Bought by iSAM Funds UK Ltd

iSAM Funds UK Ltd grew its holdings in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 148.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,413 shares of the construction company's stock after purchasing an additional 10,991 shares during the quarter. Taylor Morrison Home comprises approximately 0.8% of iSAM Funds UK Ltd's portfolio, making the stock its 21st largest holding. iSAM Funds UK Ltd's holdings in Taylor Morrison Home were worth $1,127,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC boosted its position in shares of Taylor Morrison Home by 66.4% during the 3rd quarter. Barclays PLC now owns 420,419 shares of the construction company's stock valued at $29,539,000 after acquiring an additional 167,735 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in Taylor Morrison Home by 25.1% in the 4th 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 during the last quarter. Sheets Smith Wealth Management purchased a new stake in shares of Taylor Morrison Home in the 4th quarter valued at approximately $550,000. Janney Montgomery Scott LLC purchased a new stake in shares of Taylor Morrison Home in the 4th quarter valued at approximately $420,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in shares of Taylor Morrison Home by 13.8% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,093 shares of the construction company's stock worth $312,000 after buying an additional 619 shares during the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Taylor Morrison Home Stock Down 1.3%

Shares of TMHC opened at $59.23 on Tuesday. The company's 50-day simple moving average is $58.31 and its 200-day simple moving average is $62.80. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.94 and a current ratio of 6.39. Taylor Morrison Home Co. has a 1 year low of $51.90 and a 1 year high of $75.49. The stock has a market capitalization of $5.94 billion, a PE ratio of 7.15 and a beta of 1.68.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last posted 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. The business had revenue of $1.90 billion for 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 company's revenue was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.75 earnings per share. Analysts forecast that Taylor Morrison Home Co. will post 8.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Royal Bank of Canada upped 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. Wedbush reaffirmed an "outperform" rating and issued a $85.00 price target on shares of Taylor Morrison Home in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. lowered their price target on Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating for the company in a report on Tuesday, February 18th. Bank of America initiated coverage on shares of Taylor Morrison Home in a report on Monday, May 5th. They issued a "buy" rating and a $70.00 price objective on the stock. Finally, Seaport Res Ptn raised shares of Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 6th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, Taylor Morrison Home currently has an average rating of "Moderate Buy" and a consensus price target of $76.88.

Insider Buying and Selling

In other news, Director David C. Merritt sold 2,402 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $63.98, for a total transaction of $153,679.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Joseph Terracciano sold 1,537 shares of the stock in a transaction on Tuesday, March 11th. The stock was 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. Insiders own 1.40% of the company's stock.

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.

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