Raymond James Financial Inc. Takes Position in Taylor Morrison Home Co. (NYSE:TMHC)

Raymond James Financial Inc. bought a new position in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 82,193 shares of the construction company's stock, valued at approximately $5,031,000. Raymond James Financial Inc. owned 0.08% of Taylor Morrison Home at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in TMHC. V Square Quantitative Management LLC raised its holdings in shares of Taylor Morrison Home by 68.1% during the 4th quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company's stock worth $42,000 after buying an additional 277 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Taylor Morrison Home by 43.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company's stock valued at $49,000 after acquiring an additional 243 shares during the last quarter. SRS Capital Advisors Inc. bought a new stake in shares of Taylor Morrison Home in the 4th quarter valued at $51,000. Smartleaf Asset Management LLC grew its holdings in Taylor Morrison Home by 41.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company's stock worth $51,000 after acquiring an additional 243 shares during the period. Finally, R Squared Ltd bought a new stake in Taylor Morrison Home in the fourth quarter worth approximately $61,000. Institutional investors own 95.16% of the company's stock.

Taylor Morrison Home Trading Up 0.7 %

TMHC stock traded up $0.43 during midday trading on Thursday, hitting $57.78. The company had a trading volume of 118,278 shares, compared to its average volume of 901,434. The stock has a market cap of $5.88 billion, a price-to-earnings ratio of 6.99 and a beta of 1.76. The company has a current ratio of 6.39, a quick ratio of 0.94 and a debt-to-equity ratio of 0.36. The stock's 50 day moving average price is $58.88 and its 200 day moving average price is $63.75. Taylor Morrison Home Co. has a 52 week low of $51.90 and a 52 week high of $75.49.

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 for the quarter, topping analysts' consensus estimates of $1.85 by $0.33. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the company earned $1.75 EPS. The business's quarterly revenue was up 11.5% compared to the same quarter last year. As a group, equities research analysts expect 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, CAO Joseph Terracciano sold 1,537 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total transaction of $93,372.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David C. Merritt sold 2,402 shares of the company's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $63.98, for a total transaction of $153,679.96. The disclosure for this sale can be found here. 1.40% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on TMHC shares. Seaport Res Ptn raised shares of Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 6th. JPMorgan Chase & Co. cut their target price on Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 18th. Wolfe Research raised shares of Taylor Morrison Home from a "peer perform" rating to an "outperform" rating and set a $76.00 price objective for the company in a research report on Wednesday, January 8th. Barclays set a $69.00 target price on Taylor Morrison Home and gave the company an "overweight" rating in a research report on Thursday, April 24th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $85.00 price target on shares of Taylor Morrison Home in a report on Wednesday, April 23rd. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $77.86.

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.