Taylor Morrison Home Co. (NYSE:TMHC) Position Raised by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD lifted its position in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 10.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 86,138 shares of the construction company's stock after purchasing an additional 8,205 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.08% of Taylor Morrison Home worth $5,273,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Pinebridge Investments L.P. grew its stake in Taylor Morrison Home by 42.7% during the fourth quarter. Pinebridge Investments L.P. now owns 28,698 shares of the construction company's stock worth $1,757,000 after buying an additional 8,587 shares during the period. Dark Forest Capital Management LP lifted its holdings in shares of Taylor Morrison Home by 160.1% during the 4th quarter. Dark Forest Capital Management LP now owns 9,033 shares of the construction company's stock valued at $553,000 after acquiring an additional 5,560 shares in the last quarter. Hsbc Holdings PLC boosted its position in Taylor Morrison Home by 1,172.8% during the 4th quarter. Hsbc Holdings PLC now owns 211,515 shares of the construction company's stock worth $12,993,000 after purchasing an additional 194,897 shares during the period. IHT Wealth Management LLC acquired a new stake in Taylor Morrison Home in the 4th quarter valued at $442,000. Finally, Stifel Financial Corp raised its position in Taylor Morrison Home by 8.7% in the fourth quarter. Stifel Financial Corp now owns 58,238 shares of the construction company's stock valued at $3,565,000 after purchasing an additional 4,676 shares during the period. Institutional investors and hedge funds own 95.16% of the company's stock.

Taylor Morrison Home Stock Performance

NYSE:TMHC traded down $0.44 during trading hours on Friday, reaching $58.71. 550,973 shares of the stock were exchanged, compared to its average volume of 906,530. Taylor Morrison Home Co. has a 52 week low of $51.90 and a 52 week high of $75.49. The company has a quick ratio of 0.94, a current ratio of 6.39 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $5.89 billion, a P/E ratio of 7.09 and a beta of 1.68. The firm has a 50 day simple moving average of $58.45 and a 200-day simple moving average of $63.22.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The construction company reported $2.18 EPS for the quarter, topping 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 firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the previous year, the company posted $1.75 earnings per share. The firm's revenue was up 11.5% on a year-over-year basis. As a group, sell-side analysts forecast that Taylor Morrison Home Co. will post 8.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Taylor Morrison Home news, Director David C. Merritt sold 2,402 shares of the firm's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $63.98, for a total value 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 company's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total transaction of $93,372.75. The disclosure for this sale can be found here. 1.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on TMHC shares. Bank of America assumed coverage on Taylor Morrison Home in a research note on Monday, May 5th. They issued a "buy" rating and a $70.00 target price for the company. JPMorgan Chase & Co. dropped their price objective on shares of Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th. Royal Bank of Canada upped their target price on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Barclays set a $69.00 price target on shares of Taylor Morrison Home and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Finally, BTIG Research set a $75.00 target price on Taylor Morrison Home and gave the stock a "buy" rating in a research report on Wednesday, April 16th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Taylor Morrison Home currently has a consensus rating of "Moderate Buy" and an average price target of $76.88.

About Taylor Morrison Home

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.