Russell Investments Group Ltd. Decreases Stock Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

Russell Investments Group Ltd. lessened its stake in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 6.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 429,485 shares of the construction company's stock after selling 30,650 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.40% of Taylor Morrison Home worth $23,078,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. IFP Advisors Inc raised its position in shares of Taylor Morrison Home by 138.9% in the third quarter. IFP Advisors Inc now owns 614 shares of the construction company's stock valued at $26,000 after purchasing an additional 357 shares during the period. Daiwa Securities Group Inc. bought a new stake in Taylor Morrison Home during the 4th quarter valued at $48,000. Headlands Technologies LLC purchased a new stake in shares of Taylor Morrison Home during the fourth quarter worth $81,000. CWM LLC lifted its holdings in Taylor Morrison Home by 17.2% during the 4th quarter. CWM LLC now owns 1,804 shares of the construction company's stock worth $96,000 after purchasing an additional 265 shares in the last quarter. Finally, Neo Ivy Capital Management purchased a new stake in shares of Taylor Morrison Home in the third quarter worth about $108,000. Hedge funds and other institutional investors own 95.16% of the company's stock.

Insiders Place Their Bets

In related news, CAO Joseph Terracciano sold 724 shares of Taylor Morrison Home 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 document filed with the SEC, which can be accessed through this link. In related news, CAO Joseph Terracciano sold 724 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $55.87, for a total value of $40,449.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William H. Lyon sold 20,896 shares of the business's stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $56.01, for a total transaction of $1,170,384.96. Following the sale, the director now directly owns 2,837,020 shares in the company, valued at approximately $158,901,490.20. The disclosure for this sale can be found here. Insiders sold 613,537 shares of company stock worth $36,409,767 over the last three months. Company insiders own 3.50% of the company's stock.

Taylor Morrison Home Trading Up 0.3 %

Shares of Taylor Morrison Home stock traded up $0.19 during midday trading on Thursday, reaching $56.25. 673,150 shares of the company's stock traded hands, compared to its average volume of 777,256. The company has a market cap of $5.99 billion, a PE ratio of 8.05 and a beta of 1.88. The stock has a 50 day moving average of $57.60 and a 200-day moving average of $51.72. Taylor Morrison Home Co. has a 12 month low of $37.23 and a 12 month high of $62.64. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.13 and a current ratio of 6.16.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The construction company reported $1.75 EPS for the quarter, topping the consensus estimate of $1.57 by $0.18. Taylor Morrison Home had a net margin of 10.30% and a return on equity of 15.75%. The business had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same period in the prior year, the business earned $1.74 EPS. The company's revenue for the quarter was up 2.3% on a year-over-year basis. As a group, equities analysts expect that Taylor Morrison Home Co. will post 7.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on TMHC shares. StockNews.com cut shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note on Thursday, March 21st. Barclays increased their price target on shares of Taylor Morrison Home from $55.00 to $60.00 and gave the stock an "equal weight" rating in a report on Thursday, February 15th. Royal Bank of Canada lifted their price objective on shares of Taylor Morrison Home from $61.00 to $63.00 and gave the stock an "outperform" rating in a report on Wednesday. Wedbush reissued a "neutral" rating and issued a $55.00 target price on shares of Taylor Morrison Home in a research note on Tuesday. Finally, Zelman & Associates upgraded Taylor Morrison Home from an "underperform" rating to a "neutral" rating in a report on Friday, April 12th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $58.20.

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.