Vise Technologies Inc. Acquires New Position in Taylor Morrison Home Co. (NYSE:TMHC)

Vise Technologies Inc. acquired a new position in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,065 shares of the construction company's stock, valued at approximately $310,000.

Other hedge funds have also recently made changes to their positions in the company. CIBC Asset Management Inc raised its holdings in Taylor Morrison Home by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 3,302 shares of the construction company's stock valued at $202,000 after buying an additional 173 shares during the last quarter. Pacer Advisors Inc. raised its holdings in Taylor Morrison Home by 1.2% during the 4th quarter. Pacer Advisors Inc. now owns 15,428 shares of the construction company's stock valued at $944,000 after buying an additional 180 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in Taylor Morrison Home by 41.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company's stock valued at $51,000 after buying an additional 243 shares during the last quarter. Savant Capital LLC raised its holdings in Taylor Morrison Home by 5.3% during the 4th quarter. Savant Capital LLC now owns 5,012 shares of the construction company's stock valued at $307,000 after buying an additional 251 shares during the last quarter. Finally, V Square Quantitative Management LLC raised its holdings in 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 buying an additional 277 shares during the last quarter. 95.16% of the stock is currently owned by institutional investors.

Insider Transactions at Taylor Morrison Home

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 transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. lowered their price target 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 price target on shares of Taylor Morrison Home and gave the company a "buy" rating in a report on Wednesday, April 16th. Wall Street Zen raised shares of Taylor Morrison Home from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Bank of America assumed coverage on shares of Taylor Morrison Home in a research report on Monday, May 5th. They set a "buy" rating and a $70.00 price objective on the stock. Finally, Royal Bank of Canada boosted their price objective 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. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $76.88.

Taylor Morrison Home Stock Up 1.4%

Shares of NYSE:TMHC traded up $0.78 during midday trading on Thursday, reaching $56.84. The company's stock had a trading volume of 827,632 shares, compared to its average volume of 925,222. The firm has a 50 day moving average of $58.01 and a 200-day moving average of $62.22. The firm has a market capitalization of $5.71 billion, a P/E ratio of 6.86 and a beta of 1.68. 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 12-month low of $51.90 and a 12-month high of $75.49.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last released its earnings results 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 firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.81 billion. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. The company's 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, research analysts anticipate that Taylor Morrison Home Co. will post 8.93 earnings per share for the current year.

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.