UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Stake in Taylor Morrison Home Co. (NYSE:TMHC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 17.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 283,509 shares of the construction company's stock after acquiring an additional 42,984 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.27% of Taylor Morrison Home worth $17,354,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TMHC. Morse Asset Management Inc bought a new stake in Taylor Morrison Home in the fourth quarter worth $29,000. V Square Quantitative Management LLC increased its stake in Taylor Morrison Home by 68.1% in 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 period. Quarry LP increased its stake in Taylor Morrison Home by 202.1% in the fourth quarter. Quarry LP now owns 704 shares of the construction company's stock worth $43,000 after purchasing an additional 471 shares during the period. SRS Capital Advisors Inc. purchased a new stake in Taylor Morrison Home in the fourth quarter worth $51,000. Finally, Smartleaf Asset Management LLC increased 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 worth $51,000 after purchasing an additional 243 shares during the period. 95.16% of the stock is currently owned by institutional investors.

Taylor Morrison Home Stock Performance

Shares of Taylor Morrison Home stock traded down $0.56 on Friday, reaching $56.31. 1,182,294 shares of the stock were exchanged, compared to its average volume of 927,631. 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 twelve month low of $51.90 and a twelve month high of $75.49. The firm has a market capitalization of $5.65 billion, a price-to-earnings ratio of 6.80 and a beta of 1.68. The business has a 50 day moving average price of $57.92 and a two-hundred day moving average price of $62.11.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last released 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 firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the previous year, the company posted $1.75 earnings per share. The company's revenue was up 11.5% compared to the same quarter last year. Analysts anticipate that Taylor Morrison Home Co. will post 8.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Taylor Morrison Home

In other news, CAO Joseph Terracciano sold 1,537 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total value of $93,372.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on TMHC shares. BTIG Research set a $75.00 price target on Taylor Morrison Home and gave the company a "buy" rating in a research note on Wednesday, April 16th. Bank of America assumed coverage on shares of Taylor Morrison Home in a research report on Monday, May 5th. They issued a "buy" rating and a $70.00 price objective on the stock. Seaport Res Ptn upgraded shares of Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 6th. Royal Bank of Canada increased their target price on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. dropped their price target on Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average 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.