Vision Capital Corp Sells 200,166 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Vision Capital Corp lessened its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 36.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 343,150 shares of the construction company's stock after selling 200,166 shares during the period. Taylor Morrison Home accounts for 3.4% of Vision Capital Corp's portfolio, making the stock its 9th largest holding. Vision Capital Corp owned 0.33% of Taylor Morrison Home worth $21,004,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of TMHC. CIBC Asset Management Inc increased its stake in Taylor Morrison Home by 5.5% in the fourth quarter. CIBC Asset Management Inc now owns 3,302 shares of the construction company's stock valued at $202,000 after acquiring an additional 173 shares during the period. Pacer Advisors Inc. grew its stake in shares of Taylor Morrison Home by 1.2% in the 4th quarter. Pacer Advisors Inc. now owns 15,428 shares of the construction company's stock valued at $944,000 after purchasing an additional 180 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of 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 worth $49,000 after buying an additional 243 shares in the last quarter. 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 worth $51,000 after buying an additional 243 shares during the period. Finally, Savant Capital LLC boosted its stake in Taylor Morrison Home by 5.3% in the 4th quarter. Savant Capital LLC now owns 5,012 shares of the construction company's stock valued at $307,000 after buying an additional 251 shares in the last quarter. Institutional investors own 95.16% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. 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. Royal Bank of Canada raised their price target on Taylor Morrison Home from $72.00 to $74.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. StockNews.com lowered Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Wolfe Research upgraded Taylor Morrison Home from a "peer perform" rating to an "outperform" rating and set a $76.00 target price for the company in a research note on Wednesday, January 8th. Finally, Wedbush reissued an "outperform" rating and set a $85.00 price objective on shares of Taylor Morrison Home in a report on Wednesday. Two 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 presently has a consensus rating of "Moderate Buy" and a consensus price target of $77.86.

Taylor Morrison Home Stock Performance

Taylor Morrison Home stock traded down $0.43 during mid-day trading on Friday, hitting $57.71. 825,163 shares of the company's stock traded hands, compared to its average volume of 905,045. The stock has a market cap of $5.87 billion, a price-to-earnings ratio of 6.97 and a beta of 1.76. The firm has a 50 day simple moving average of $59.14 and a two-hundred day simple moving average of $63.96. Taylor Morrison Home Co. has a fifty-two week low of $51.90 and a fifty-two week 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 earnings per share for the quarter, topping 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 company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.81 billion. On average, research analysts expect that Taylor Morrison Home Co. will post 8.93 EPS for the current fiscal year.

Insider Buying and Selling at Taylor Morrison Home

In other news, Director David C. Merritt sold 2,402 shares of the business's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $63.98, for a total transaction of $153,679.96. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Joseph Terracciano sold 1,537 shares of the business'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 transaction 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.