First Trust Advisors LP Purchases 6,777 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

First Trust Advisors LP increased its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 6.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 119,862 shares of the construction company's stock after buying an additional 6,777 shares during the period. First Trust Advisors LP owned about 0.12% of Taylor Morrison Home worth $7,337,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TMHC. V Square Quantitative Management LLC raised its holdings in shares of Taylor Morrison Home by 68.1% in the 4th 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. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Taylor Morrison Home by 43.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company's stock valued at $49,000 after buying an additional 243 shares during the period. SRS Capital Advisors Inc. purchased a new position in shares of Taylor Morrison Home during the 4th quarter valued at $51,000. Smartleaf Asset Management LLC grew its stake in shares of Taylor Morrison Home by 41.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company's stock worth $51,000 after acquiring an additional 243 shares during the period. Finally, R Squared Ltd bought a new position in shares of Taylor Morrison Home during the 4th quarter worth $61,000. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Taylor Morrison Home Price Performance

Shares of TMHC stock traded up $1.45 during trading on Friday, hitting $58.89. The company had a trading volume of 744,703 shares, compared to its average volume of 904,316. The stock's 50-day moving average is $58.71 and its two-hundred day moving average is $63.61. The stock has a market capitalization of $5.91 billion, a price-to-earnings ratio of 7.11 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 52 week low of $51.90 and a 52 week high of $75.49.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The construction company reported $2.18 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.33. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. The firm had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.81 billion. During the same quarter last year, the company posted $1.75 EPS. The business's quarterly revenue was up 11.5% on a year-over-year basis. As a group, analysts predict that Taylor Morrison Home Co. will post 8.93 EPS for the current fiscal year.

Insider Transactions at Taylor Morrison Home

In related news, Director David C. Merritt sold 2,402 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total transaction of $153,679.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Joseph Terracciano sold 1,537 shares of the firm'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 disclosure for this sale can be found here. Company insiders own 1.40% of the company's stock.

Analyst Upgrades and Downgrades

TMHC has been the topic of several recent research reports. Seaport Res Ptn raised shares of Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a report on Thursday, March 6th. Wolfe Research upgraded shares of Taylor Morrison Home from a "peer perform" rating to an "outperform" rating and set a $76.00 price target on the stock in a research note on Wednesday, January 8th. JPMorgan Chase & Co. reduced their price objective on shares of Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating for the company in a research note on Tuesday, February 18th. Wedbush restated an "outperform" rating and set a $85.00 target price on shares of Taylor Morrison Home in a research report on Wednesday, April 23rd. Finally, StockNews.com cut Taylor Morrison Home from a "buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $77.86.

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.