Taylor Morrison Home Co. (NYSE:TMHC) Shares Purchased by Ethic Inc.

Ethic Inc. increased its position in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 20.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,262 shares of the construction company's stock after acquiring an additional 4,832 shares during the period. Ethic Inc.'s holdings in Taylor Morrison Home were worth $1,730,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TMHC. Norges Bank purchased a new stake in Taylor Morrison Home in the fourth quarter valued at $93,810,000. Boston Partners boosted its stake in shares of Taylor Morrison Home by 88.7% in the fourth quarter. Boston Partners now owns 594,347 shares of the construction company's stock worth $36,794,000 after buying an additional 279,361 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Taylor Morrison Home during the fourth quarter worth about $14,736,000. Northern Trust Corp raised its position in Taylor Morrison Home by 13.4% during the fourth quarter. Northern Trust Corp now owns 1,670,241 shares of the construction company's stock valued at $102,235,000 after acquiring an additional 197,880 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in Taylor Morrison Home by 1,172.8% in the fourth quarter. Hsbc Holdings PLC now owns 211,515 shares of the construction company's stock valued at $12,993,000 after acquiring an additional 194,897 shares during the period. Institutional investors and hedge funds own 95.16% of the company's stock.

Taylor Morrison Home Stock Up 3.5%

Shares of NYSE TMHC opened at $60.74 on Tuesday. The firm has a market cap of $6.10 billion, a price-to-earnings ratio of 7.34 and a beta of 1.68. The company's 50-day simple moving average is $58.44 and its 200-day simple moving average is $63.13. The company has a quick ratio of 0.94, a current ratio of 6.39 and a debt-to-equity ratio of 0.36. 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 posted its quarterly earnings data 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. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. The company had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.81 billion. During the same period in the previous year, the firm posted $1.75 EPS. Taylor Morrison Home's revenue was up 11.5% compared to the same quarter last year. Equities analysts predict that Taylor Morrison Home Co. will post 8.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TMHC. Wedbush reaffirmed an "outperform" rating and set a $85.00 price objective on shares of Taylor Morrison Home in a research note 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 research report on Thursday, April 24th. Bank of America initiated coverage on shares of Taylor Morrison Home in a report on Monday, May 5th. They issued a "buy" rating and a $70.00 price objective for the company. BTIG Research set a $75.00 target price on shares of Taylor Morrison Home and gave the stock a "buy" rating in a research note on Wednesday, April 16th. Finally, JPMorgan Chase & Co. cut their price target on Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating for the company in a research note on Tuesday, February 18th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $76.88.

Insider Transactions at Taylor Morrison Home

In other news, CAO Joseph Terracciano sold 1,537 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total value of $93,372.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David C. Merritt sold 2,402 shares of the stock in a transaction that occurred on 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. Corporate 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.

Want to see what other hedge funds are holding TMHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Taylor Morrison Home Co. (NYSE:TMHC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.