Taylor Morrison Home Co. (NYSE:TMHC) Shares Acquired by Man Group plc

Man Group plc lifted its stake in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 24.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 285,262 shares of the construction company's stock after buying an additional 56,212 shares during the period. Man Group plc owned approximately 0.28% of Taylor Morrison Home worth $17,461,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Barclays PLC boosted its stake in Taylor Morrison Home by 66.4% in the third quarter. Barclays PLC now owns 420,419 shares of the construction company's stock valued at $29,539,000 after acquiring an additional 167,735 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in shares of Taylor Morrison Home by 25.1% in the 4th quarter. Park Avenue Securities LLC now owns 7,710 shares of the construction company's stock valued at $472,000 after purchasing an additional 1,547 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Taylor Morrison Home by 43.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company's stock valued at $49,000 after purchasing an additional 243 shares during the period. Sheets Smith Wealth Management acquired a new stake in shares of Taylor Morrison Home in the 4th quarter valued at about $550,000. Finally, Janney Montgomery Scott LLC purchased a new position in Taylor Morrison Home during the 4th quarter worth approximately $420,000. 95.16% of the stock is owned by hedge funds and other institutional investors.

Taylor Morrison Home Stock Performance

TMHC traded down $0.76 during trading on Thursday, hitting $56.43. The stock had a trading volume of 699,200 shares, compared to its average volume of 912,757. The firm has a market capitalization of $5.66 billion, a P/E ratio of 6.82 and a beta of 1.68. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.94 and a current ratio of 6.39. Taylor Morrison Home Co. has a twelve month low of $51.90 and a twelve month high of $75.49. The company's 50-day moving average price is $58.30 and its 200 day moving average price is $62.73.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last issued its quarterly earnings results 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. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.81 billion. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. The business's revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.75 earnings per share. On average, equities research analysts forecast that Taylor Morrison Home Co. will post 8.93 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Joseph Terracciano sold 1,537 shares of the 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 transaction of $153,679.96. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. reduced their price objective 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. Bank of America initiated coverage on shares of Taylor Morrison Home in a report on Monday, May 5th. They issued a "buy" rating and a $70.00 target price on the stock. BTIG Research set a $75.00 price target on shares of Taylor Morrison Home and gave the company a "buy" rating in a research report on Wednesday, April 16th. Royal Bank of Canada raised their price objective on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Finally, Barclays set a $69.00 price objective on shares of Taylor Morrison Home and gave the company an "overweight" rating in a research note on Thursday, April 24th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $76.88.

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.