Quest Partners LLC Buys New Stake in Taylor Morrison Home Co. (NYSE:TMHC)

Quest Partners LLC bought a new position in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 25,995 shares of the construction company's stock, valued at approximately $1,387,000.

Several other large investors have also recently added to or reduced their stakes in the company. UBS Group AG grew its stake in Taylor Morrison Home by 44.8% in the fourth quarter. UBS Group AG now owns 156,346 shares of the construction company's stock valued at $8,341,000 after acquiring an additional 48,380 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Taylor Morrison Home in the fourth quarter valued at approximately $1,082,000. Norges Bank acquired a new position in shares of Taylor Morrison Home during the 4th quarter worth approximately $63,137,000. Private Wealth Management Group LLC bought a new stake in Taylor Morrison Home in the 4th quarter valued at $39,000. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in shares of Taylor Morrison Home by 39.4% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 22,424 shares of the construction company's stock valued at $1,196,000 after purchasing an additional 6,343 shares during the last quarter. 95.16% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on TMHC shares. Barclays increased their price target on shares of Taylor Morrison Home from $55.00 to $60.00 and gave the company an "equal weight" rating in a report on Thursday, February 15th. Zelman & Associates upgraded Taylor Morrison Home from an "underperform" rating to a "neutral" rating in a research report on Friday, April 12th. StockNews.com raised shares of Taylor Morrison Home from a "hold" rating to a "buy" rating in a research report on Wednesday, May 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 research note on Wednesday, May 1st. Finally, Seaport Res Ptn lowered shares of Taylor Morrison Home from a "buy" rating to a "neutral" rating in a research report on Monday, January 22nd. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $58.20.

Taylor Morrison Home Price Performance

Taylor Morrison Home stock traded down $0.24 during trading hours on Monday, reaching $59.88. 505,698 shares of the stock were exchanged, compared to its average volume of 756,319. The stock has a 50 day moving average of $58.15 and a two-hundred day moving average of $53.47. The company has a market cap of $6.33 billion, a P/E ratio of 8.57 and a beta of 1.88. The company has a current ratio of 6.16, a quick ratio of 0.91 and a debt-to-equity ratio of 0.39. Taylor Morrison Home Co. has a twelve month low of $37.23 and a twelve month high of $62.64.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The construction company reported $1.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.57 by $0.18. The business had revenue of $1.70 billion for the quarter, compared to analysts' expectations of $1.66 billion. Taylor Morrison Home had a net margin of 10.30% and a return on equity of 15.75%. The firm's quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the firm posted $1.74 earnings per share. Equities analysts expect that Taylor Morrison Home Co. will post 7.62 EPS for the current fiscal year.

Insider Transactions at Taylor Morrison Home

In other news, CEO Sheryl Palmer sold 100,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $61.70, for a total value of $6,170,000.00. Following the sale, the chief executive officer now directly owns 19,211 shares in the company, valued at approximately $1,185,318.70. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director William H. Lyon sold 153,000 shares of the company's stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $62.32, for a total value of $9,534,960.00. Following the completion of the transaction, the director now owns 40,570 shares of the company's stock, valued at $2,528,322.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sheryl Palmer sold 100,000 shares of Taylor Morrison Home stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $61.70, for a total transaction of $6,170,000.00. Following the sale, the chief executive officer now owns 19,211 shares in the company, valued at $1,185,318.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 659,241 shares of company stock valued at $39,537,646. Corporate insiders own 3.50% of the company's stock.

Taylor Morrison Home 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.