Taylor Morrison Home Co. (NYSE:TMHC) Position Trimmed by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC decreased its position in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 44.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 92,795 shares of the construction company's stock after selling 74,937 shares during the quarter. Schonfeld Strategic Advisors LLC owned about 0.09% of Taylor Morrison Home worth $5,680,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TMHC. Barclays PLC grew its position in shares of Taylor Morrison Home by 66.4% in the third quarter. Barclays PLC now owns 420,419 shares of the construction company's stock valued at $29,539,000 after purchasing an additional 167,735 shares during the period. Franklin Resources Inc. grew its holdings in Taylor Morrison Home by 15.3% in the 3rd quarter. Franklin Resources Inc. now owns 618,360 shares of the construction company's stock valued at $42,345,000 after buying an additional 81,841 shares during the period. Lord Abbett & CO. LLC increased its stake in shares of Taylor Morrison Home by 2.5% during the 3rd quarter. Lord Abbett & CO. LLC now owns 463,287 shares of the construction company's stock valued at $32,550,000 after acquiring an additional 11,302 shares during the last quarter. Principal Financial Group Inc. increased its stake 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 valued at $144,144,000 after acquiring an additional 69,222 shares during the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of Taylor Morrison Home by 2.0% during the 4th quarter. Nordea Investment Management AB now owns 138,871 shares of the construction company's stock worth $8,529,000 after acquiring an additional 2,760 shares during the period. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Wedbush restated an "outperform" rating and issued a $85.00 target price on shares of Taylor Morrison Home in a report on Wednesday, April 23rd. Royal Bank of Canada upped their price objective on Taylor Morrison Home from $72.00 to $74.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Seaport Res Ptn raised Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research report on Thursday, March 6th. StockNews.com downgraded Taylor Morrison Home from a "buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. cut their price objective on Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $76.88.

Taylor Morrison Home Stock Up 0.1 %

NYSE:TMHC traded up $0.03 during trading hours on Monday, hitting $58.93. The stock had a trading volume of 652,719 shares, compared to its average volume of 904,991. The company has a market cap of $5.91 billion, a PE ratio of 7.12 and a beta of 1.68. The business has a 50 day simple moving average of $58.71 and a two-hundred day simple moving average of $63.51. Taylor Morrison Home Co. has a 1-year low of $51.90 and a 1-year high of $75.49. 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 (NYSE:TMHC - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The construction company reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.33. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.81 billion. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. The firm's quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.75 EPS. Analysts predict that Taylor Morrison Home Co. will post 8.93 EPS for the current year.

Insider Buying and Selling

In other news, Director David C. Merritt sold 2,402 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total transaction of $153,679.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Joseph Terracciano sold 1,537 shares of Taylor Morrison Home stock in a transaction dated 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. Insiders own 1.40% 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.