Tower Research Capital LLC TRC Has $743,000 Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

Tower Research Capital LLC TRC grew its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 346.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,132 shares of the construction company's stock after purchasing an additional 9,415 shares during the quarter. Tower Research Capital LLC TRC's holdings in Taylor Morrison Home were worth $743,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in TMHC. CIBC Asset Management Inc lifted 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 buying an additional 173 shares during the last quarter. Pacer Advisors Inc. increased its position in 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 acquiring an additional 180 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Taylor Morrison Home by 43.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company's stock worth $49,000 after purchasing an additional 243 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in Taylor Morrison Home by 41.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company's stock worth $51,000 after purchasing an additional 243 shares during the period. Finally, Savant Capital LLC grew its position 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.

Taylor Morrison Home Trading Up 0.8 %

Shares of NYSE:TMHC traded up $0.47 during midday trading on Wednesday, reaching $57.40. The company had a trading volume of 838,137 shares, compared to its average volume of 906,406. The company has a fifty day simple moving average of $58.95 and a two-hundred day simple moving average of $63.80. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.94 and a current ratio of 6.39. The firm has a market cap of $5.84 billion, a price-to-earnings ratio of 6.93 and a beta of 1.76. Taylor Morrison Home Co. has a 1-year low of $51.90 and a 1-year high of $75.49.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last released its earnings results on Wednesday, April 23rd. The construction company reported $2.18 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.33. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.81 billion. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. The firm's quarterly revenue was up 11.5% compared to the same quarter last year. During the same period last year, the firm posted $1.75 earnings per share. Research analysts predict that Taylor Morrison Home Co. will post 8.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Barclays set a $69.00 price target on shares of Taylor Morrison Home and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Wedbush restated an "outperform" rating and issued a $85.00 target price on shares of Taylor Morrison Home in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. lowered their price target on Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 18th. Wolfe Research raised Taylor Morrison Home from a "peer perform" rating to an "outperform" rating and set a $76.00 price objective on the stock in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada raised their target price on Taylor Morrison Home from $72.00 to $74.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $77.86.

Insider Buying and Selling at Taylor Morrison Home

In other news, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 shares were 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. 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.