Mercer Global Advisors Inc. ADV Sells 6,577 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Mercer Global Advisors Inc. ADV cut its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 24.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,898 shares of the construction company's stock after selling 6,577 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in Taylor Morrison Home were worth $1,218,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Norges Bank purchased a new stake in Taylor Morrison Home in the 4th quarter worth approximately $93,810,000. Boston Partners raised its holdings in shares of Taylor Morrison Home by 88.7% during the fourth quarter. Boston Partners now owns 594,347 shares of the construction company's stock valued at $36,794,000 after acquiring an additional 279,361 shares in the last quarter. Northern Trust Corp lifted its position in shares of 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. Hsbc Holdings PLC boosted its stake in shares of Taylor Morrison Home by 1,172.8% during the 4th quarter. Hsbc Holdings PLC now owns 211,515 shares of the construction company's stock valued at $12,993,000 after purchasing an additional 194,897 shares in the last quarter. Finally, Barclays PLC raised its stake in Taylor Morrison Home by 42.3% in the fourth quarter. Barclays PLC now owns 598,454 shares of the construction company's stock worth $36,630,000 after buying an additional 178,035 shares in the last quarter. 95.16% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director David C. Merritt sold 2,402 shares of the 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Joseph Terracciano sold 1,537 shares of the company's stock in a transaction that occurred 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. Corporate insiders own 1.40% of the company's stock.

Wall Street Analyst Weigh In

TMHC has been the subject of a number of research analyst reports. Bank of America assumed coverage on Taylor Morrison Home in a research report on Monday, May 5th. They set a "buy" rating and a $70.00 price target on the stock. Royal Bank of Canada boosted their target price on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. BTIG Research set a $75.00 target price on shares of Taylor Morrison Home and gave the stock a "buy" rating in a research report on Wednesday, April 16th. Barclays set a $69.00 price target on shares of Taylor Morrison Home and gave the company an "overweight" rating in a research report on Thursday, April 24th. Finally, Wedbush reissued an "outperform" rating and set a $85.00 price objective on shares of Taylor Morrison Home in a research note on Wednesday, April 23rd. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Taylor Morrison Home currently has a consensus rating of "Moderate Buy" and a consensus price target of $76.88.

Taylor Morrison Home Stock Down 0.1%

Taylor Morrison Home stock traded down $0.06 during mid-day trading on Thursday, reaching $58.88. The stock had a trading volume of 289,668 shares, compared to its average volume of 907,381. Taylor Morrison Home Co. has a one year low of $51.90 and a one year high of $75.49. The company has a 50-day moving average price of $58.36 and a two-hundred day moving average price of $63.09. The company has a market capitalization of $5.91 billion, a price-to-earnings ratio of 7.10 and a beta of 1.68. 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 (NYSE:TMHC - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter last year, the firm earned $1.75 earnings per share. The firm's quarterly revenue was up 11.5% compared to the same quarter last year. On average, analysts expect that Taylor Morrison Home Co. will post 8.93 EPS for the current fiscal year.

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.