Taylor Morrison Home Co. (NYSE:TMHC) Shares Purchased by Assetmark Inc.

Assetmark Inc. raised its holdings in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 99.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 786,812 shares of the construction company's stock after buying an additional 391,964 shares during the quarter. Assetmark Inc. owned about 0.73% of Taylor Morrison Home worth $41,976,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in TMHC. Private Wealth Management Group LLC purchased a new position in shares of Taylor Morrison Home in the 4th quarter valued at approximately $39,000. Daiwa Securities Group Inc. purchased a new position in shares of Taylor Morrison Home in the 4th quarter valued at approximately $48,000. Headlands Technologies LLC purchased a new position in shares of Taylor Morrison Home in the 4th quarter valued at approximately $81,000. CWM LLC lifted its stake in shares of Taylor Morrison Home by 17.2% in the 4th quarter. CWM LLC now owns 1,804 shares of the construction company's stock valued at $96,000 after purchasing an additional 265 shares during the period. Finally, Neo Ivy Capital Management purchased a new position in Taylor Morrison Home during the third quarter valued at $108,000. 95.16% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Sheryl Palmer sold 100,000 shares of the business's stock in a transaction dated Wednesday, May 15th. The stock was 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 $1,185,318.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Taylor Morrison Home 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 transaction of $9,534,960.00. Following the sale, the director now directly owns 40,570 shares in the company, valued at $2,528,322.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Sheryl Palmer sold 100,000 shares of the company'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 owns 19,211 shares in the company, valued at $1,185,318.70. The disclosure for this sale can be found here. Over the last three months, insiders have sold 659,241 shares of company stock worth $39,537,646. Corporate insiders own 3.50% of the company's stock.

Taylor Morrison Home Price Performance

Shares of Taylor Morrison Home stock traded down $0.85 during trading hours on Tuesday, hitting $59.03. The company's stock had a trading volume of 459,249 shares, compared to its average volume of 753,287. The business has a 50 day moving average price of $58.20 and a two-hundred day moving average price of $53.60. Taylor Morrison Home Co. has a 12-month low of $37.23 and a 12-month high of $62.64. The company has a market cap of $6.24 billion, a PE ratio of 8.44 and a beta of 1.88. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.91 and a current ratio of 6.16.

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

Analyst Ratings Changes

A number of brokerages have issued reports on TMHC. Seaport Res Ptn cut Taylor Morrison Home from a "buy" rating to a "neutral" rating in a research note on Monday, January 22nd. Wedbush reiterated a "neutral" rating and set a $55.00 price objective on shares of Taylor Morrison Home in a research note on Tuesday, April 30th. Barclays lifted their price objective 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. Royal Bank of Canada lifted their target price on Taylor Morrison Home from $61.00 to $63.00 and gave the stock an "outperform" rating in a report on Wednesday, May 1st. Finally, StockNews.com raised Taylor Morrison Home from a "hold" rating to a "buy" rating in a report on Wednesday, May 15th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $58.20.

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.