Hsbc Holdings PLC Acquires 194,897 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Hsbc Holdings PLC lifted its position in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 1,172.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 211,515 shares of the construction company's stock after purchasing an additional 194,897 shares during the period. Hsbc Holdings PLC owned 0.20% of Taylor Morrison Home worth $12,993,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in TMHC. V Square Quantitative Management LLC grew its stake in shares of Taylor Morrison Home by 68.1% in the fourth quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company's stock valued at $42,000 after acquiring an additional 277 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in Taylor Morrison Home by 43.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company's stock worth $49,000 after acquiring an additional 243 shares during the period. SRS Capital Advisors Inc. acquired a new position in Taylor Morrison Home in the 4th quarter valued at $51,000. Smartleaf Asset Management LLC lifted its position in shares of Taylor Morrison Home by 41.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company's stock valued at $51,000 after acquiring an additional 243 shares during the period. Finally, R Squared Ltd acquired a new stake in shares of Taylor Morrison Home during the 4th quarter worth $61,000. 95.16% of the stock is currently owned by institutional investors.

Taylor Morrison Home Trading Up 0.8 %

Shares of NYSE:TMHC traded up $0.47 during trading on Wednesday, reaching $57.40. The stock had a trading volume of 838,137 shares, compared to its average volume of 904,524. Taylor Morrison Home Co. has a 52 week low of $51.90 and a 52 week high of $75.49. The firm's fifty day moving average is $58.95 and its 200 day moving average is $63.80. The stock has a market cap of $5.84 billion, a price-to-earnings ratio of 6.93 and a beta of 1.76. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.94 and a current ratio of 6.39.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last issued its quarterly earnings results 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. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.81 billion. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. The business's revenue was up 11.5% compared to the same quarter last year. During the same period last year, the business posted $1.75 EPS. As a group, equities analysts forecast that Taylor Morrison Home Co. will post 8.93 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director David C. Merritt sold 2,402 shares of the business's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total transaction of $153,679.96. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 disclosure for this sale can be found here. 1.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. 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. Wedbush restated an "outperform" rating and set a $85.00 price objective on shares of Taylor Morrison Home in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. decreased their price target on 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. Seaport Res Ptn upgraded shares of Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 6th. Finally, StockNews.com cut Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note 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, Taylor Morrison Home has an average rating of "Moderate Buy" and a consensus price target of $77.86.

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.