Fisher Asset Management LLC Sells 397,103 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Fisher Asset Management LLC trimmed its position in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 27.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,071,717 shares of the construction company's stock after selling 397,103 shares during the quarter. Fisher Asset Management LLC owned about 1.00% of Taylor Morrison Home worth $57,176,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of TMHC. Vanguard Group Inc. raised its holdings in Taylor Morrison Home by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 11,404,759 shares of the construction company's stock valued at $485,957,000 after buying an additional 217,222 shares during the period. Fuller & Thaler Asset Management Inc. lifted its stake in shares of Taylor Morrison Home by 117.0% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 3,180,341 shares of the construction company's stock worth $135,514,000 after buying an additional 1,714,897 shares during the period. Invesco Ltd. grew its stake in Taylor Morrison Home by 3.3% during the 3rd quarter. Invesco Ltd. now owns 3,038,939 shares of the construction company's stock valued at $129,489,000 after purchasing an additional 97,604 shares during the last quarter. Acadian Asset Management LLC increased its holdings in Taylor Morrison Home by 15.3% in the 3rd quarter. Acadian Asset Management LLC now owns 2,528,636 shares of the construction company's stock worth $107,726,000 after buying an additional 334,815 shares during the period. Finally, AQR Capital Management LLC increased its stake in shares of Taylor Morrison Home by 2.1% in the third quarter. AQR Capital Management LLC now owns 2,036,816 shares of the construction company's stock worth $86,789,000 after acquiring an additional 40,958 shares during the period. 95.16% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on TMHC. Barclays lifted their price target on Taylor Morrison Home from $55.00 to $60.00 and gave the company an "equal weight" rating in a research note on Thursday, February 15th. Zelman & Associates raised Taylor Morrison Home from an "underperform" rating to a "neutral" rating in a research report on Friday, April 12th. Royal Bank of Canada upped their price objective on Taylor Morrison Home from $61.00 to $63.00 and gave the stock an "outperform" rating in a research report on Wednesday. Wedbush restated a "neutral" rating and set a $55.00 target price on shares of Taylor Morrison Home in a research note on Tuesday. Finally, Seaport Res Ptn cut Taylor Morrison Home from a "buy" rating to a "neutral" rating in a research note on Monday, January 22nd. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $58.20.

Taylor Morrison Home Price Performance

TMHC traded up $0.95 during midday trading on Friday, reaching $57.20. 540,144 shares of the company's stock were exchanged, compared to its average volume of 776,553. The company has a debt-to-equity ratio of 0.39, a current ratio of 6.16 and a quick ratio of 1.13. Taylor Morrison Home Co. has a 1-year low of $37.23 and a 1-year high of $62.64. The stock has a market capitalization of $6.09 billion, a PE ratio of 8.18 and a beta of 1.88. The business's 50-day moving average price is $57.61 and its 200 day moving average price is $51.91.

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

Insider Activity

In related news, Director William H. Lyon sold 164,000 shares of the company's stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $60.33, for a total transaction of $9,894,120.00. Following the sale, the director now directly owns 43,570 shares of the company's stock, valued at approximately $2,628,578.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Taylor Morrison Home news, Director William H. Lyon sold 20,896 shares of the company's stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $56.01, for a total value of $1,170,384.96. Following the transaction, the director now owns 2,837,020 shares of the company's stock, valued at $158,901,490.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director William H. Lyon sold 164,000 shares of the firm's stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $60.33, for a total transaction of $9,894,120.00. Following the completion of the transaction, the director now owns 43,570 shares of the company's stock, valued at $2,628,578.10. The disclosure for this sale can be found here. Insiders have sold 613,537 shares of company stock worth $36,409,767 over the last 90 days. Company insiders own 3.50% of the company's stock.

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.