MetLife Investment Management LLC Has $7.23 Million Stock Position in Taylor Morrison Home Co. (NYSE:TMHC)

MetLife Investment Management LLC raised its position in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 7.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,151 shares of the construction company's stock after acquiring an additional 8,003 shares during the period. MetLife Investment Management LLC owned approximately 0.11% of Taylor Morrison Home worth $7,232,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CIBC Asset Management Inc raised its stake in Taylor Morrison Home by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 3,302 shares of the construction company's stock valued at $202,000 after purchasing an additional 173 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Taylor Morrison Home by 1.2% in the fourth quarter. Pacer Advisors Inc. now owns 15,428 shares of the construction company's stock valued at $944,000 after buying an additional 180 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its position in Taylor Morrison Home by 43.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company's stock worth $49,000 after buying an additional 243 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Taylor Morrison Home by 41.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company's stock worth $51,000 after buying an additional 243 shares in the last quarter. Finally, Savant Capital LLC increased its stake in Taylor Morrison Home by 5.3% during the fourth quarter. Savant Capital LLC now owns 5,012 shares of the construction company's stock valued at $307,000 after acquiring an additional 251 shares during the period. 95.16% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Taylor Morrison Home

In related news, CAO Joseph Terracciano sold 1,537 shares of the business'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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David C. Merritt sold 2,402 shares of the 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 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 NYSE:TMHC traded down $0.54 during trading on Monday, reaching $57.08. The stock had a trading volume of 109,072 shares, compared to its average volume of 903,436. The stock has a market capitalization of $5.81 billion, a PE ratio of 6.90 and a beta of 1.76. 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. The business's 50-day moving average price is $59.14 and its 200 day moving average price is $63.91.

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, beating the consensus estimate of $1.85 by $0.33. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.81 billion. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. As a group, equities analysts predict that Taylor Morrison Home Co. will post 8.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. StockNews.com downgraded Taylor Morrison Home from a "buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Royal Bank of Canada lifted their price target on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Wolfe Research upgraded shares of Taylor Morrison Home from a "peer perform" rating to an "outperform" rating and set a $76.00 price objective for the company in a research note on Wednesday, January 8th. BTIG Research set a $75.00 price objective on shares of Taylor Morrison Home and gave the stock a "buy" rating in a report on Wednesday, April 16th. Finally, Barclays set a $69.00 target price on shares of Taylor Morrison Home and gave the company an "overweight" rating in a research note on Thursday. Two equities research 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.com, Taylor Morrison Home currently has an average rating of "Moderate Buy" and a consensus price target of $77.86.

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.