Nordea Investment Management AB Has $5.82 Million Stock Position in Taylor Morrison Home Co. (NYSE:TMHC)

Nordea Investment Management AB boosted its position in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 30.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 108,431 shares of the construction company's stock after purchasing an additional 25,250 shares during the period. Nordea Investment Management AB owned approximately 0.10% of Taylor Morrison Home worth $5,823,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. XTX Topco Ltd grew its holdings in Taylor Morrison Home by 2.2% during the 2nd quarter. XTX Topco Ltd now owns 10,590 shares of the construction company's stock valued at $516,000 after purchasing an additional 224 shares in the last quarter. Creative Planning lifted its position in shares of Taylor Morrison Home by 2.0% during the third quarter. Creative Planning now owns 11,710 shares of the construction company's stock worth $499,000 after purchasing an additional 233 shares during the last quarter. BTC Capital Management Inc. grew its stake in Taylor Morrison Home by 5.0% in the third quarter. BTC Capital Management Inc. now owns 6,091 shares of the construction company's stock worth $260,000 after purchasing an additional 291 shares in the last quarter. Diversified Trust Co increased its holdings in Taylor Morrison Home by 4.2% in the fourth quarter. Diversified Trust Co now owns 7,681 shares of the construction company's stock valued at $410,000 after buying an additional 307 shares during the last quarter. Finally, Stifel Financial Corp increased its holdings in Taylor Morrison Home by 4.5% in the third quarter. Stifel Financial Corp now owns 7,289 shares of the construction company's stock valued at $311,000 after buying an additional 311 shares during the last quarter. 95.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Royal Bank of Canada boosted their price objective on Taylor Morrison Home from $57.00 to $61.00 and gave the company an "outperform" rating in a report on Thursday, February 15th. Deutsche Bank Aktiengesellschaft raised Taylor Morrison Home from a "hold" rating to a "buy" rating and boosted their price objective for the company from $50.00 to $57.00 in a report on Friday, December 8th. Wedbush reissued a "neutral" rating and issued a $52.00 price objective on shares of Taylor Morrison Home in a report on Monday, December 18th. Seaport Res Ptn lowered Taylor Morrison Home from a "buy" rating to a "neutral" rating in a report on Monday, January 22nd. Finally, Barclays boosted their price objective on Taylor Morrison Home from $55.00 to $60.00 and gave the company an "equal weight" rating in a report on Thursday, February 15th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Taylor Morrison Home has an average rating of "Hold" and a consensus target price of $57.20.

Taylor Morrison Home Stock Performance

Shares of NYSE:TMHC traded down $0.09 during trading on Friday, hitting $60.16. 555,393 shares of the company traded hands, compared to its average volume of 800,509. The stock has a market capitalization of $6.40 billion, a price-to-earnings ratio of 8.62 and a beta of 1.87. The business's fifty day moving average is $55.17 and its 200-day moving average is $48.91. Taylor Morrison Home Co. has a one year low of $35.57 and a one year high of $60.75. The company has a quick ratio of 1.13, a current ratio of 6.00 and a debt-to-equity ratio of 0.38.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last posted its earnings results on Wednesday, February 14th. The construction company reported $2.05 EPS for the quarter, beating the consensus estimate of $1.82 by $0.23. The company had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.85 billion. Taylor Morrison Home had a return on equity of 16.21% and a net margin of 10.37%. The business's revenue was down 19.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.93 earnings per share. As a group, equities analysts predict that Taylor Morrison Home Co. will post 7.34 earnings per share for the current fiscal year.

Insider Transactions at Taylor Morrison Home

In other news, CAO Joseph Terracciano sold 724 shares of the business's stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $55.87, for a total transaction of $40,449.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CAO Joseph Terracciano sold 724 shares of the business's stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $55.87, for a total transaction of $40,449.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Curtis Vanhyfte sold 9,874 shares of the business's stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $57.70, for a total value of $569,729.80. Following the transaction, the chief financial officer now owns 7,765 shares of the company's stock, valued at $448,040.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 436,198 shares of company stock worth $24,536,347. Company insiders own 5.50% of the company's stock.

About Taylor Morrison Home

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 also develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name; and offers title insurance and closing settlement services, as well as financial services.