Legal & General Group Plc Sells 7,032 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Legal & General Group Plc reduced its stake in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 217,882 shares of the construction company's stock after selling 7,032 shares during the period. Legal & General Group Plc owned 0.21% of Taylor Morrison Home worth $13,337,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. V Square Quantitative Management LLC increased its stake in shares of Taylor Morrison Home by 68.1% during 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 during the period. Thurston Springer Miller Herd & Titak Inc. increased its position in Taylor Morrison Home by 43.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company's stock worth $49,000 after purchasing an additional 243 shares in the last quarter. SRS Capital Advisors Inc. bought a new position in Taylor Morrison Home in the 4th quarter valued at approximately $51,000. Smartleaf Asset Management LLC boosted its position in 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 buying an additional 243 shares in the last quarter. Finally, R Squared Ltd bought a new stake in shares of Taylor Morrison Home during the fourth quarter worth $61,000. Institutional investors and hedge funds own 95.16% of the company's stock.

Taylor Morrison Home Stock Performance

NYSE:TMHC traded down $1.15 on Monday, reaching $55.30. 43,703 shares of the company's stock were exchanged, compared to its average volume of 887,305. The stock has a fifty day simple moving average of $59.78 and a 200-day simple moving average of $64.26. Taylor Morrison Home Co. has a 52 week low of $51.90 and a 52 week 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 firm has a market cap of $5.63 billion, a price-to-earnings ratio of 6.69 and a beta of 1.76.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The construction company reported $2.64 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.24. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. As a group, sell-side analysts predict that Taylor Morrison Home Co. will post 8.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TMHC has been the topic of a number of research reports. Wolfe Research upgraded Taylor Morrison Home from a "peer perform" rating to an "outperform" rating and set a $76.00 price objective on the stock in a research report on Wednesday, January 8th. JPMorgan Chase & Co. cut their price target 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. StockNews.com lowered Taylor Morrison Home from a "buy" rating to a "hold" rating in a research report on Wednesday, January 8th. BTIG Research set a $75.00 price objective on Taylor Morrison Home and gave the stock a "buy" rating in a research report on Wednesday. Finally, Seaport Res Ptn upgraded shares of Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 6th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, Taylor Morrison Home has an average rating of "Moderate Buy" and a consensus price target of $78.00.

Insider Buying and Selling at Taylor Morrison Home

In related news, 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director David C. Merritt sold 2,402 shares of the firm's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total value of $153,679.96. The disclosure for this sale can be found here. Company insiders own 3.50% of the company's stock.

Taylor Morrison Home Company 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.