Taylor Morrison Home Co. (NYSE:TMHC) Shares Sold by Woodline Partners LP

Woodline Partners LP reduced its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 6.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 95,015 shares of the construction company's stock after selling 6,298 shares during the quarter. Woodline Partners LP owned approximately 0.09% of Taylor Morrison Home worth $5,816,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. CIBC Asset Management Inc boosted its stake in shares of Taylor Morrison Home by 5.5% during the fourth quarter. CIBC Asset Management Inc now owns 3,302 shares of the construction company's stock valued at $202,000 after purchasing an additional 173 shares during the period. Pacer Advisors Inc. raised its holdings in shares of Taylor Morrison Home by 1.2% in the fourth quarter. Pacer Advisors Inc. now owns 15,428 shares of the construction company's stock valued at $944,000 after acquiring an additional 180 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of 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 acquiring an additional 243 shares in the last quarter. Savant Capital LLC raised its holdings in shares of Taylor Morrison Home by 5.3% in the fourth quarter. Savant Capital LLC now owns 5,012 shares of the construction company's stock valued at $307,000 after acquiring an additional 251 shares in the last quarter. Finally, V Square Quantitative Management LLC raised its holdings 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 in the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on TMHC shares. 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. 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 report on Tuesday, February 18th. Barclays set a $69.00 price objective on shares of Taylor Morrison Home and gave the company an "overweight" rating in a report on Thursday, April 24th. Bank of America assumed coverage on Taylor Morrison Home in a research report on Monday, May 5th. They issued a "buy" rating and a $70.00 target price on the stock. Finally, Royal Bank of Canada upped their price objective on Taylor Morrison Home from $72.00 to $74.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Taylor Morrison Home currently has a consensus rating of "Moderate Buy" and an average price target of $76.88.

Taylor Morrison Home Price Performance

NYSE TMHC traded up $0.26 during mid-day trading on Thursday, hitting $56.32. The stock had a trading volume of 161,236 shares, compared to its average volume of 921,301. The firm's 50 day moving average is $58.01 and its 200 day moving average is $62.22. Taylor Morrison Home Co. has a twelve month low of $51.90 and a twelve month high of $75.49. 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 $5.65 billion, a price-to-earnings ratio of 6.79 and a beta of 1.68.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $1.81 billion. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. The firm's quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.75 earnings per share. Equities research analysts forecast that Taylor Morrison Home Co. will post 8.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Joseph Terracciano sold 1,537 shares of Taylor Morrison Home 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.40% of the stock is currently owned by insiders.

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.