Janus Henderson Group PLC Buys 89,403 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Janus Henderson Group PLC increased its position in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 112.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 168,604 shares of the construction company's stock after purchasing an additional 89,403 shares during the quarter. Janus Henderson Group PLC owned approximately 0.16% of Taylor Morrison Home worth $10,325,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in Taylor Morrison Home in the 4th quarter valued at $93,810,000. Boston Partners boosted its holdings in shares of 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 buying an additional 279,361 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in Taylor Morrison Home during the fourth quarter valued at about $14,736,000. Northern Trust Corp increased its holdings in Taylor Morrison Home by 13.4% during the fourth quarter. Northern Trust Corp now owns 1,670,241 shares of the construction company's stock worth $102,235,000 after buying an additional 197,880 shares during the last quarter. Finally, Hsbc Holdings PLC raised its position in Taylor Morrison Home by 1,172.8% in the fourth quarter. Hsbc Holdings PLC now owns 211,515 shares of the construction company's stock worth $12,993,000 after acquiring an additional 194,897 shares during the period. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on TMHC shares. Royal Bank of Canada increased their target price 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. BTIG Research set a $75.00 price objective on Taylor Morrison Home and gave the company a "buy" rating in a research note on Wednesday, April 16th. Seaport Res Ptn raised Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research report on Thursday, March 6th. Bank of America started coverage on Taylor Morrison Home in a research note on Monday, May 5th. They issued a "buy" rating and a $70.00 target price on the stock. Finally, JPMorgan Chase & Co. cut their price target on 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. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $76.88.

Taylor Morrison Home Stock Performance

Shares of NYSE:TMHC traded down $0.78 during trading on Thursday, hitting $56.40. 691,301 shares of the company were exchanged, compared to its average volume of 912,633. Taylor Morrison Home Co. has a 52-week low of $51.90 and a 52-week high of $75.49. The stock has a 50 day moving average of $58.30 and a 200 day moving average of $62.73. 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 company has a market cap of $5.66 billion, a PE ratio of 6.80 and a beta of 1.68.

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

Insider Transactions at Taylor Morrison Home

In other news, Director David C. Merritt sold 2,402 shares of the company'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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Joseph Terracciano sold 1,537 shares of Taylor Morrison Home stock in a transaction on 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. Insiders own 1.40% of the company's stock.

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.