Lazard Asset Management LLC Purchases 46,919 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Lazard Asset Management LLC increased its stake in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 529.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 55,786 shares of the construction company's stock after purchasing an additional 46,919 shares during the quarter. Lazard Asset Management LLC owned approximately 0.05% of Taylor Morrison Home worth $3,413,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Northern Trust Corp raised 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 purchasing an additional 197,880 shares during the period. Norges Bank bought a new position in Taylor Morrison Home in the 4th quarter worth $93,810,000. Arrowstreet Capital Limited Partnership raised its holdings in Taylor Morrison Home by 1.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,369,832 shares of the construction company's stock worth $83,847,000 after purchasing an additional 20,908 shares during the period. Fisher Asset Management LLC raised its holdings in Taylor Morrison Home by 9.0% in the 4th quarter. Fisher Asset Management LLC now owns 1,255,266 shares of the construction company's stock worth $76,835,000 after purchasing an additional 103,289 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Taylor Morrison Home by 24.0% in the 4th quarter. JPMorgan Chase & Co. now owns 811,253 shares of the construction company's stock worth $49,657,000 after purchasing an additional 156,793 shares during the period. 95.16% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on TMHC. Bank of America began coverage on Taylor Morrison Home in a report on Monday, May 5th. They set a "buy" rating and a $70.00 price target on the stock. Wedbush reissued an "outperform" rating and set a $85.00 price target on shares of Taylor Morrison Home in a report on Wednesday, April 23rd. JPMorgan Chase & Co. decreased their price target on 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 target on Taylor Morrison Home and gave the company an "overweight" rating in a report on Thursday, April 24th. Finally, BTIG Research set a $75.00 price target on Taylor Morrison Home and gave the company a "buy" rating in a report on Wednesday, April 16th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $76.88.

Insider Buying and Selling

In related news, Director David C. Merritt sold 2,402 shares of Taylor Morrison Home stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $63.98, for a total value of $153,679.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Joseph Terracciano sold 1,537 shares of Taylor Morrison Home stock in a transaction dated Tuesday, March 11th. The stock was 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. 1.40% of the stock is currently owned by company insiders.

Taylor Morrison Home Price Performance

Shares of Taylor Morrison Home stock traded down $0.78 during trading on Thursday, reaching $56.40. 691,301 shares of the stock traded hands, compared to its average volume of 912,633. The company has a market capitalization of $5.66 billion, a price-to-earnings ratio of 6.80 and a beta of 1.68. The business has a fifty day simple moving average of $58.30 and a two-hundred day simple 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. 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 issued its quarterly earnings data on Wednesday, April 23rd. The construction company reported $2.18 earnings per share 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 analyst estimates of $1.81 billion. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. The business's quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.75 earnings per share. Sell-side analysts expect that Taylor Morrison Home Co. will post 8.93 EPS 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.