Taylor Morrison Home Co. (NYSE:TMHC) Position Lessened by Peregrine Capital Management LLC

Peregrine Capital Management LLC lowered its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 24.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 149,175 shares of the construction company's stock after selling 49,138 shares during the quarter. Peregrine Capital Management LLC owned about 0.14% of Taylor Morrison Home worth $7,958,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of TMHC. IFP Advisors Inc increased its position in Taylor Morrison Home by 138.9% during the 3rd quarter. IFP Advisors Inc now owns 614 shares of the construction company's stock worth $26,000 after purchasing an additional 357 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in Taylor Morrison Home during the 1st quarter worth approximately $44,000. Ronald Blue Trust Inc. increased its position in Taylor Morrison Home by 3,911.1% during the 3rd quarter. Ronald Blue Trust Inc. now owns 1,083 shares of the construction company's stock worth $46,000 after purchasing an additional 1,056 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Taylor Morrison Home during the 1st quarter worth approximately $77,000. Finally, Covestor Ltd increased its position in Taylor Morrison Home by 100.5% during the 1st quarter. Covestor Ltd now owns 3,072 shares of the construction company's stock worth $84,000 after purchasing an additional 1,540 shares in the last quarter. Institutional investors and hedge funds own 95.16% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on TMHC shares. Wedbush reissued a "neutral" rating and set a $52.00 target price on shares of Taylor Morrison Home in a research report on Monday, December 18th. Barclays upped their price target on Taylor Morrison Home from $55.00 to $60.00 and gave the stock an "equal weight" rating in a report on Thursday, February 15th. StockNews.com cut Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Thursday, March 21st. Seaport Res Ptn cut Taylor Morrison Home from a "buy" rating to a "neutral" rating in a report on Monday, January 22nd. Finally, Royal Bank of Canada upped their price target on Taylor Morrison Home from $57.00 to $61.00 and gave the stock an "outperform" rating in a report on Thursday, February 15th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $57.20.

Insider Activity at Taylor Morrison Home

In other Taylor Morrison Home news, CAO Joseph Terracciano sold 724 shares of the 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 transaction was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Sheryl Palmer sold 100,000 shares of Taylor Morrison Home stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $56.61, for a total value of $5,661,000.00. Following the completion of the transaction, the chief executive officer now directly owns 119,211 shares of the company's stock, valued at approximately $6,748,534.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Joseph Terracciano sold 724 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $55.87, for a total transaction of $40,449.88. The disclosure for this sale can be found here. Insiders sold a total of 613,537 shares of company stock valued at $36,409,767 over the last three months. 5.20% of the stock is owned by insiders.

Taylor Morrison Home Stock Down 4.6 %

Shares of TMHC stock traded down $2.74 during mid-day trading on Wednesday, reaching $56.28. 1,094,245 shares of the company were exchanged, compared to its average volume of 785,183. The company has a market capitalization of $5.99 billion, a P/E ratio of 8.08 and a beta of 1.87. The business's 50 day simple moving average is $56.99 and its 200 day simple moving average is $50.19. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.13 and a current ratio of 6.00. Taylor Morrison Home Co. has a fifty-two week low of $36.80 and a fifty-two week high of $62.64.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 14th. The construction company reported $2.05 earnings per share for the quarter, topping 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 net margin of 10.37% and a return on equity of 16.21%. The firm's revenue for the quarter was down 19.0% compared to the same quarter last year. During the same period last year, the business earned $2.93 EPS. Research analysts predict that Taylor Morrison Home Co. will post 7.29 earnings per share for the current year.

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 develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name.