Taylor Morrison Home Co. (NYSE:TMHC) Shares Purchased by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. increased its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 225,954 shares of the construction company's stock after acquiring an additional 4,389 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.22% of Taylor Morrison Home worth $13,831,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Sheets Smith Wealth Management purchased a new position in Taylor Morrison Home during the 4th quarter worth $550,000. JPMorgan Chase & Co. raised its holdings in Taylor Morrison Home by 24.0% during the fourth quarter. JPMorgan Chase & Co. now owns 811,253 shares of the construction company's stock worth $49,657,000 after purchasing an additional 156,793 shares in the last quarter. Financial Enhancement Group LLC acquired a new stake in Taylor Morrison Home in the fourth quarter valued at about $5,840,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Taylor Morrison Home by 43.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company's stock valued at $49,000 after purchasing an additional 243 shares in the last quarter. Finally, Barclays PLC boosted its holdings in Taylor Morrison Home by 66.4% in the 3rd 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 in the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Taylor Morrison Home

In related news, CAO Joseph Terracciano sold 1,537 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total transaction of $93,372.75. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director David C. Merritt sold 2,402 shares of Taylor Morrison Home stock in a transaction that occurred on 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. Corporate insiders own 1.40% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on TMHC. BTIG Research set a $75.00 price target on Taylor Morrison Home and gave the company a "buy" rating in a report on Wednesday, April 16th. Wedbush restated an "outperform" rating and set a $85.00 target price on shares of Taylor Morrison Home in a research report on Wednesday, April 23rd. Barclays set a $69.00 price target on shares of Taylor Morrison Home and gave the company an "overweight" rating in a report on Thursday, April 24th. JPMorgan Chase & Co. decreased 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 report on Tuesday, February 18th. Finally, Seaport Res Ptn raised shares of Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a report on Thursday, March 6th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $76.88.

Taylor Morrison Home Price Performance

Shares of NYSE TMHC traded up $0.98 on Friday, hitting $59.92. The company's stock had a trading volume of 732,553 shares, compared to its average volume of 908,620. The stock has a 50 day moving average of $58.33 and a 200-day moving average of $63.02. The company has a market capitalization of $6.01 billion, a price-to-earnings ratio of 7.24 and a beta of 1.68. Taylor Morrison Home Co. has a 12-month low of $51.90 and a 12-month high of $75.49. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.39 and a quick ratio of 0.94.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The construction company reported $2.18 EPS for the quarter, beating 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 analysts' expectations of $1.81 billion. During the same quarter in the prior year, the firm earned $1.75 EPS. Taylor Morrison Home's quarterly revenue was up 11.5% on a year-over-year basis. As a group, research analysts predict that Taylor Morrison Home Co. will post 8.93 EPS for the current year.

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.