Wells Fargo & Company MN Has $6.98 Million Stake in Taylor Morrison Home Co. (NYSE:TMHC)

Wells Fargo & Company MN decreased its stake in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 23.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 114,045 shares of the construction company's stock after selling 34,191 shares during the period. Wells Fargo & Company MN owned 0.11% of Taylor Morrison Home worth $6,981,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CIBC Asset Management Inc boosted its position in shares of Taylor Morrison Home by 5.5% during the fourth quarter. CIBC Asset Management Inc now owns 3,302 shares of the construction company's stock worth $202,000 after buying an additional 173 shares during the period. Pacer Advisors Inc. boosted its position in Taylor Morrison Home by 1.2% during the 4th quarter. Pacer Advisors Inc. now owns 15,428 shares of the construction company's stock worth $944,000 after acquiring an additional 180 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its position 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. Smartleaf Asset Management LLC grew its stake in shares of 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 in the last quarter. Finally, Savant Capital LLC increased its holdings in shares of Taylor Morrison Home by 5.3% during the fourth quarter. Savant Capital LLC now owns 5,012 shares of the construction company's stock valued at $307,000 after purchasing an additional 251 shares during the period. Institutional investors and hedge funds own 95.16% of the company's stock.

Taylor Morrison Home Trading Down 0.3 %

Shares of TMHC traded down $0.20 during midday trading on Thursday, hitting $57.40. The stock had a trading volume of 210,985 shares, compared to its average volume of 896,386. The business has a 50-day simple moving average of $59.36 and a two-hundred day simple moving average of $64.09. The firm has a market cap of $5.84 billion, a P/E ratio of 6.93 and a beta of 1.76. The company has a current ratio of 6.39, a quick ratio of 0.94 and a debt-to-equity ratio of 0.36. Taylor Morrison Home Co. has a fifty-two week low of $51.90 and a fifty-two week high of $75.49.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The construction company reported $2.64 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.24. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. As a group, equities analysts forecast that Taylor Morrison Home Co. will post 8.93 EPS for the current year.

Insider Activity at Taylor Morrison Home

In related news, Director David C. Merritt sold 2,402 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total transaction of $153,679.96. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Joseph Terracciano sold 1,537 shares of Taylor Morrison Home 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. 1.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on TMHC shares. Royal Bank of Canada upped their price objective on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Seaport Res Ptn upgraded shares of Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a report on Thursday, March 6th. Wolfe Research raised Taylor Morrison Home from a "peer perform" rating to an "outperform" rating and set a $76.00 target price on the stock in a report on Wednesday, January 8th. Barclays set a $69.00 price target on Taylor Morrison Home and gave the company an "overweight" rating in a research note on Thursday. Finally, BTIG Research set a $75.00 target price on Taylor Morrison Home and gave the stock a "buy" rating in a report on Wednesday, April 16th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Taylor Morrison Home currently has a consensus rating of "Moderate Buy" and a consensus target price of $77.86.

Taylor Morrison Home Company 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.