Envestnet Asset Management Inc. Acquires 5,319 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Envestnet Asset Management Inc. boosted its position in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 3.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 166,145 shares of the construction company's stock after buying an additional 5,319 shares during the quarter. Envestnet Asset Management Inc. owned 0.16% of Taylor Morrison Home worth $10,170,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Grantham Mayo Van Otterloo & Co. LLC lifted its stake in shares of Taylor Morrison Home by 15.1% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 24,132 shares of the construction company's stock valued at $1,477,000 after purchasing an additional 3,169 shares during the last quarter. Landscape Capital Management L.L.C. bought a new position in Taylor Morrison Home during the fourth quarter valued at about $754,000. Bryce Point Capital LLC acquired a new position in shares of Taylor Morrison Home in the fourth quarter valued at $2,093,000. EMG Holdings L.P. lifted its stake in Taylor Morrison Home by 6.6% during the fourth quarter. EMG Holdings L.P. now owns 99,173 shares of the construction company's stock worth $6,070,000 after purchasing an additional 6,173 shares during the period. Finally, Trexquant Investment LP bought a new stake in Taylor Morrison Home in the fourth quarter valued at $6,928,000. Institutional investors own 95.16% of the company's stock.

Analyst Ratings Changes

TMHC has been the subject of a number of research reports. Wedbush restated an "outperform" rating and issued a $85.00 target price on shares of Taylor Morrison Home in a research note on Wednesday. StockNews.com cut shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Wednesday, January 8th. Seaport Res Ptn upgraded Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a report on Thursday, March 6th. Royal Bank of Canada raised their price target on Taylor Morrison Home from $72.00 to $74.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Finally, Wolfe Research upgraded 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. Two research 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 has an average rating of "Moderate Buy" and a consensus price target of $77.86.

Taylor Morrison Home Stock Performance

TMHC stock traded down $0.20 during mid-day trading on Thursday, hitting $57.40. 210,985 shares of the company were exchanged, compared to its average volume of 896,386. Taylor Morrison Home Co. has a 1-year low of $51.90 and a 1-year high of $75.49. The business has a 50 day simple moving average of $59.36 and a 200-day simple moving average of $64.09. 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 has a market capitalization of $5.84 billion, a PE ratio of 6.93 and a beta of 1.76.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The construction company reported $2.64 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.24. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. On average, equities analysts forecast that Taylor Morrison Home Co. will post 8.93 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Joseph Terracciano sold 1,537 shares of the 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director David C. Merritt sold 2,402 shares of the business's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total value of $153,679.96. The disclosure for this sale can be found here. Company insiders own 1.40% of the company's stock.

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.