Pinebridge Investments L.P. Acquires 8,587 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Pinebridge Investments L.P. grew its stake in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 42.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,698 shares of the construction company's stock after buying an additional 8,587 shares during the period. Pinebridge Investments L.P.'s holdings in Taylor Morrison Home were worth $1,757,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in TMHC. Principal Financial Group Inc. lifted its holdings in shares of Taylor Morrison Home by 3.5% during the 3rd quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company's stock worth $144,144,000 after acquiring an additional 69,222 shares during the last quarter. Norges Bank bought a new stake in Taylor Morrison Home during the fourth quarter worth about $93,810,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Taylor Morrison Home by 1.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,369,832 shares of the construction company's stock worth $83,847,000 after purchasing an additional 20,908 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Taylor Morrison Home by 9.0% during the 4th quarter. Fisher Asset Management LLC now owns 1,255,266 shares of the construction company's stock valued at $76,835,000 after purchasing an additional 103,289 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Taylor Morrison Home by 24.0% during the 4th quarter. JPMorgan Chase & Co. now owns 811,253 shares of the construction company's stock valued at $49,657,000 after purchasing an additional 156,793 shares during the last quarter. Institutional investors own 95.16% of the company's stock.

Insider Activity at Taylor Morrison Home

In other Taylor Morrison Home news, Director David C. Merritt sold 2,402 shares of Taylor Morrison Home stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $63.98, for a total transaction of $153,679.96. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Joseph Terracciano sold 1,537 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total value of $93,372.75. The disclosure for this sale can be found here. 1.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

TMHC has been the subject of several research reports. Royal Bank of Canada upped their target price on Taylor Morrison Home from $72.00 to $74.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Wolfe Research raised shares of Taylor Morrison Home from a "peer perform" rating to an "outperform" rating and set a $76.00 price target for the company in a research note on Wednesday, January 8th. StockNews.com lowered shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Wedbush reiterated an "outperform" rating and issued a $85.00 price objective on shares of Taylor Morrison Home in a report on Wednesday, April 23rd. Finally, Barclays set a $69.00 target price on Taylor Morrison Home and gave the company an "overweight" rating in a report on Thursday, April 24th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $77.86.

Taylor Morrison Home Trading Up 0.2 %

Shares of TMHC stock traded up $0.10 during trading hours on Thursday, reaching $57.45. The company's stock had a trading volume of 790,537 shares, compared to its average volume of 904,070. The company has a current ratio of 6.39, a quick ratio of 0.94 and a debt-to-equity ratio of 0.36. Taylor Morrison Home Co. has a one year low of $51.90 and a one year high of $75.49. The stock has a market capitalization of $5.85 billion, a P/E ratio of 6.94 and a beta of 1.76. The firm's fifty day simple moving average is $58.88 and its 200 day simple moving average is $63.75.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The construction company reported $2.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.85 by $0.33. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the previous year, the firm earned $1.75 EPS. The company's quarterly revenue was up 11.5% compared to the same quarter last year. Equities research analysts expect that Taylor Morrison Home Co. will post 8.93 EPS for the current year.

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.