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

Virtus Investment Advisers Inc. lowered its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 64.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund 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 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TMHC. Norges Bank purchased a new stake in Taylor Morrison Home in the 4th quarter worth approximately $93,810,000. Boston Partners increased its holdings in Taylor Morrison Home by 88.7% in the 4th quarter. Boston Partners now owns 594,347 shares of the construction company's stock worth $36,794,000 after acquiring an additional 279,361 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Taylor Morrison Home in the 4th quarter worth approximately $14,736,000. Point72 Asset Management L.P. purchased a new stake in Taylor Morrison Home in the 4th quarter worth approximately $13,332,000. Finally, Northern Trust Corp increased its holdings in Taylor Morrison Home by 13.4% in the 4th quarter. Northern Trust Corp now owns 1,670,241 shares of the construction company's stock worth $102,235,000 after acquiring an additional 197,880 shares in the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Taylor Morrison Home

In other 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 transaction of $93,372.75. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director David C. Merritt sold 2,402 shares of the firm's stock in a transaction 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 insiders.

Wall Street Analysts Forecast Growth

TMHC has been the subject of several analyst reports. Barclays set a $69.00 target price on shares of Taylor Morrison Home and gave the stock an "overweight" rating in a report on Thursday, April 24th. JPMorgan Chase & Co. reduced 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 report on Tuesday, February 18th. BTIG Research set a $75.00 target price on shares of Taylor Morrison Home and gave the stock a "buy" rating in a report on Wednesday, April 16th. Bank of America began coverage on Taylor Morrison Home in a research note on Monday, May 5th. They issued a "buy" rating and a $70.00 price target for the company. Finally, Wedbush restated an "outperform" rating and issued a $85.00 price target on shares of Taylor Morrison Home in a research note on Wednesday, April 23rd. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Taylor Morrison Home presently has a consensus rating of "Moderate Buy" and an average price target of $76.88.

Taylor Morrison Home Price Performance

Shares of NYSE TMHC traded down $0.69 during midday trading on Thursday, reaching $56.49. 2,711,117 shares of the stock traded hands, compared to its average volume of 921,776. 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 stock has a market capitalization of $5.67 billion, a PE ratio of 6.82 and a beta of 1.68. Taylor Morrison Home Co. has a one year low of $51.90 and a one year high of $75.49. The company's 50 day moving average is $58.30 and its 200 day moving average is $62.73.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The construction company reported $2.18 EPS for the quarter, beating analysts' consensus estimates of $1.85 by $0.33. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.75 EPS. On average, equities research analysts anticipate that Taylor Morrison Home Co. will post 8.93 earnings per share for the current year.

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.