Virtus Investment Advisers Inc. Sells 17,637 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Virtus Investment Advisers Inc. trimmed its position in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 64.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,707 shares of the construction company's stock after selling 17,637 shares during the quarter. Virtus Investment Advisers Inc.'s holdings in Taylor Morrison Home were worth $594,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TMHC. Barclays PLC boosted its position in shares of Taylor Morrison Home by 66.4% during 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 in the last quarter. Park Avenue Securities LLC boosted its position 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 worth $472,000 after purchasing an additional 1,547 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted 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 worth $49,000 after purchasing an additional 243 shares in the last quarter. Sheets Smith Wealth Management bought a new position in shares of Taylor Morrison Home during the fourth quarter worth $550,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of Taylor Morrison Home during the fourth quarter worth $420,000. 95.16% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on TMHC. JPMorgan Chase & Co. cut their price objective on shares of Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 18th. Wall Street Zen raised shares of Taylor Morrison Home from a "hold" rating to a "buy" rating in a research note on Saturday. 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. Wedbush reaffirmed an "outperform" rating and issued a $85.00 target price on shares of Taylor Morrison Home in a research note on Wednesday, April 23rd. Finally, Bank of America assumed coverage on shares of Taylor Morrison Home in a research note on Monday, May 5th. They issued a "buy" rating and a $70.00 target price for the company. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Taylor Morrison Home presently has a consensus rating of "Moderate Buy" and a consensus target price of $76.88.

Taylor Morrison Home Stock Down 0.1%

Shares of Taylor Morrison Home stock traded down $0.07 during trading hours on Friday, reaching $56.45. 642,227 shares of the company's stock were exchanged, compared to its average volume of 921,989. The company has a 50 day moving average of $58.20 and a two-hundred day moving average of $62.53. Taylor Morrison Home Co. has a fifty-two week low of $51.90 and a fifty-two week high of $75.49. The company has a current ratio of 6.39, a quick ratio of 0.94 and a debt-to-equity ratio of 0.36. The stock has a market cap of $5.67 billion, a P/E ratio of 6.82 and a beta of 1.68.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The construction company reported $2.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.85 by $0.33. The company had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.81 billion. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. Taylor Morrison Home's quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.75 EPS. On average, sell-side analysts forecast that Taylor Morrison Home Co. will post 8.93 EPS for the current fiscal year.

Insider Activity

In other news, CAO Joseph Terracciano sold 1,537 shares of the company'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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director David C. Merritt sold 2,402 shares of the company's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total transaction of $153,679.96. The disclosure for this sale can be found here. 1.40% of the stock is owned by 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.