Mackenzie Financial Corp Sells 4,887 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Mackenzie Financial Corp reduced its position in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 13.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,346 shares of the construction company's stock after selling 4,887 shares during the period. Mackenzie Financial Corp's holdings in Taylor Morrison Home were worth $1,980,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Morse Asset Management Inc bought a new stake in Taylor Morrison Home during the fourth quarter valued at $29,000. V Square Quantitative Management LLC boosted its position 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 acquiring an additional 277 shares during the last quarter. Quarry LP grew its holdings in shares of Taylor Morrison Home by 202.1% during the fourth quarter. Quarry LP now owns 704 shares of the construction company's stock worth $43,000 after purchasing an additional 471 shares in the last quarter. SRS Capital Advisors Inc. bought a new position in shares of Taylor Morrison Home in the fourth quarter worth approximately $51,000. Finally, Smartleaf Asset Management LLC raised its stake 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 valued at $51,000 after purchasing an additional 243 shares in the last quarter. Institutional investors own 95.16% of the company's stock.

Taylor Morrison Home Trading Up 2.5%

Shares of Taylor Morrison Home stock traded up $1.44 on Wednesday, hitting $58.02. The stock had a trading volume of 1,062,509 shares, compared to its average volume of 928,431. 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 Co. has a one year low of $51.90 and a one year high of $75.49. The stock's 50-day simple moving average is $57.59 and its two-hundred day simple moving average is $61.74. The stock has a market cap of $5.82 billion, a price-to-earnings ratio of 7.01 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 for the quarter, beating the consensus estimate of $1.85 by $0.33. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. The business had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $1.81 billion. During the same quarter in the prior year, the company posted $1.75 EPS. The firm'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 year.

Wall Street Analysts Forecast Growth

TMHC has been the subject of a number of research reports. BTIG Research set a $75.00 price target on shares of Taylor Morrison Home and gave the stock a "buy" rating in a research note on Wednesday, April 16th. JPMorgan Chase & Co. cut 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 research report on Tuesday, February 18th. Royal Bank of Canada lifted their price target on Taylor Morrison Home from $72.00 to $74.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Barclays set a $69.00 price objective on Taylor Morrison Home and gave the company an "overweight" rating in a research report on Thursday, April 24th. Finally, Wedbush restated 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 analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $76.88.

Insider Transactions at Taylor Morrison Home

In related news, CAO Joseph Terracciano sold 1,537 shares of the firm's 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.40% of the stock is currently owned by company insiders.

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.