Northern Trust Corp Has $102.24 Million Stock Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

Northern Trust Corp raised its stake in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 13.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,670,241 shares of the construction company's stock after purchasing an additional 197,880 shares during the quarter. Northern Trust Corp owned approximately 1.61% of Taylor Morrison Home worth $102,235,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. grew its stake in shares of Taylor Morrison Home by 3.5% in the third quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company's stock valued at $144,144,000 after buying an additional 69,222 shares in the last quarter. Norges Bank bought a new position in shares of Taylor Morrison Home in the 4th quarter valued at about $93,810,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Taylor Morrison Home by 1.5% during 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 last quarter. Fisher Asset Management LLC increased its stake in shares of Taylor Morrison Home by 9.0% during 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 last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Taylor Morrison Home by 24.0% in the 4th quarter. JPMorgan Chase & Co. now owns 811,253 shares of the construction company's stock valued at $49,657,000 after purchasing an additional 156,793 shares during the period. Institutional investors and hedge funds own 95.16% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on TMHC. Seaport Res Ptn raised Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research report on Thursday, March 6th. Wolfe Research raised Taylor Morrison Home from a "peer perform" rating to an "outperform" rating and set a $76.00 target price on the stock in a report on Wednesday, January 8th. Wedbush reaffirmed an "outperform" rating and set a $85.00 price target on shares of Taylor Morrison Home in a report on Wednesday, April 23rd. BTIG Research set a $75.00 price objective on shares of Taylor Morrison Home and gave the company a "buy" rating in a report on Wednesday, April 16th. Finally, JPMorgan Chase & Co. cut their target price on shares of 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. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $77.86.

Taylor Morrison Home Stock Performance

Shares of NYSE:TMHC opened at $58.89 on Friday. Taylor Morrison Home Co. has a 12-month low of $51.90 and a 12-month high of $75.49. The company's 50 day moving average price is $58.71 and its two-hundred day moving average price is $63.56. The firm has a market cap of $5.91 billion, a PE ratio of 7.11 and a beta of 1.68. The company has a quick ratio of 0.94, a current ratio of 6.39 and a debt-to-equity ratio of 0.36.

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 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%. The firm's quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.75 earnings per share. Equities research analysts predict that Taylor Morrison Home Co. will post 8.93 earnings per share for the current year.

Insider Transactions at Taylor Morrison Home

In related news, CAO Joseph Terracciano sold 1,537 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total transaction of $93,372.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director David C. Merritt sold 2,402 shares of the business's stock in a transaction that occurred on 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.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.