Mirae Asset Global Investments Co. Ltd. Acquires 20,351 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 38.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 73,671 shares of the construction company's stock after buying an additional 20,351 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.07% of Taylor Morrison Home worth $3,930,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of TMHC. IFP Advisors Inc increased its position in shares of Taylor Morrison Home by 138.9% in the 3rd quarter. IFP Advisors Inc now owns 614 shares of the construction company's stock valued at $26,000 after acquiring an additional 357 shares during the period. Ronald Blue Trust Inc. increased its holdings in shares of 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 buying an additional 1,056 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Taylor Morrison Home during the 1st quarter worth approximately $44,000. Neo Ivy Capital Management acquired a new stake in Taylor Morrison Home in the 3rd quarter valued at approximately $108,000. Finally, Quantbot Technologies LP acquired a new stake in Taylor Morrison Home in the 1st quarter valued at approximately $77,000. Institutional investors own 95.16% of the company's stock.

Insider Transactions at Taylor Morrison Home

In other news, Director William H. Lyon sold 33,400 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $56.04, for a total transaction of $1,871,736.00. Following the completion of the sale, the director now owns 71,570 shares in the company, valued at $4,010,782.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director William H. Lyon sold 33,400 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $56.04, for a total transaction of $1,871,736.00. Following the completion of the transaction, the director now directly owns 71,570 shares of the company's stock, valued at $4,010,782.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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. Over the last quarter, insiders sold 613,537 shares of company stock worth $36,409,767. Company insiders own 5.20% of the company's stock.

Taylor Morrison Home Stock Performance

NYSE TMHC traded down $0.52 during trading hours on Wednesday, hitting $53.80. The company had a trading volume of 703,003 shares, compared to its average volume of 779,561. 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 1-year low of $37.23 and a 1-year high of $62.64. The company has a market cap of $5.73 billion, a PE ratio of 7.71 and a beta of 1.87. The business has a 50 day moving average of $57.37 and a 200-day moving average of $50.68.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last announced its earnings results 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. Taylor Morrison Home had a net margin of 10.37% and a return on equity of 16.21%. The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the prior year, the firm earned $2.93 earnings per share. The business's quarterly revenue was down 19.0% compared to the same quarter last year. As a group, equities research analysts expect that Taylor Morrison Home Co. will post 7.29 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. StockNews.com downgraded shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note on Thursday, March 21st. Royal Bank of Canada boosted their target price on shares of Taylor Morrison Home from $57.00 to $61.00 and gave the stock an "outperform" rating in a research note on Thursday, February 15th. Barclays boosted their target price on shares of Taylor Morrison Home from $55.00 to $60.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 15th. Seaport Res Ptn downgraded shares of Taylor Morrison Home from a "buy" rating to a "neutral" rating in a research note on Monday, January 22nd. Finally, Zelman & Associates upgraded shares of Taylor Morrison Home from an "underperform" rating to a "neutral" rating in a research note on Friday, April 12th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $57.20.

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.