Fisher Asset Management LLC Has $80.94 Million Position in Taylor Morrison Home Co. (NYSE:TMHC)

Fisher Asset Management LLC grew its position in Taylor Morrison Home Co. (NYSE:TMHC) by 2.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,151,977 shares of the construction company’s stock after purchasing an additional 28,166 shares during the period. Fisher Asset Management LLC owned about 1.11% of Taylor Morrison Home worth $80,938,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TMHC. Forum Financial Management LP raised its stake in Taylor Morrison Home by 3.9% during the 2nd quarter. Forum Financial Management LP now owns 4,430 shares of the construction company’s stock worth $246,000 after buying an additional 165 shares during the period. Resonant Capital Advisors LLC raised its position in shares of Taylor Morrison Home by 2.1% during the third quarter. Resonant Capital Advisors LLC now owns 9,103 shares of the construction company’s stock worth $640,000 after purchasing an additional 191 shares during the period. TCW Group Inc. lifted its holdings in shares of Taylor Morrison Home by 0.4% during the 2nd quarter. TCW Group Inc. now owns 52,193 shares of the construction company’s stock valued at $2,894,000 after purchasing an additional 213 shares in the last quarter. Arizona State Retirement System grew its position in shares of Taylor Morrison Home by 0.9% in the 2nd quarter. Arizona State Retirement System now owns 29,795 shares of the construction company’s stock valued at $1,652,000 after purchasing an additional 266 shares during the period. Finally, SummerHaven Investment Management LLC increased its stake in Taylor Morrison Home by 1.8% during the 2nd quarter. SummerHaven Investment Management LLC now owns 14,831 shares of the construction company’s stock worth $822,000 after purchasing an additional 267 shares in the last quarter. 95.16% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Wedbush raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $65.00 to $85.00 in a research note on Friday, October 25th. Zelman & Associates raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research note on Monday, August 12th. BTIG Research lifted their price target on Taylor Morrison Home from $78.00 to $86.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Royal Bank of Canada boosted their price target on Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, Barclays increased their price objective on Taylor Morrison Home from $72.00 to $75.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $77.33.

Insider Buying and Selling

In other news, Director William H. Lyon sold 9,075 shares of Taylor Morrison Home stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $72.08, for a total transaction of $654,126.00. Following the completion of the transaction, the director now directly owns 2,136,241 shares in the company, valued at approximately $153,980,251.28. The trade was a 0.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Darrell Sherman sold 26,757 shares of the stock in a transaction on Monday, October 28th. The shares were sold at an average price of $70.00, for a total value of $1,872,990.00. Following the completion of the sale, the executive vice president now owns 109,217 shares in the company, valued at approximately $7,645,190. This trade represents a 19.68 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 104,337 shares of company stock worth $7,356,683. Insiders own 3.50% of the company’s stock.

Taylor Morrison Home Price Performance

NYSE:TMHC opened at $74.80 on Tuesday. Taylor Morrison Home Co. has a 52-week low of $44.32 and a 52-week high of $75.49. The company has a market cap of $7.74 billion, a P/E ratio of 9.89 and a beta of 1.96. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.69 and a current ratio of 6.24. The stock’s 50-day simple moving average is $69.56 and its 200 day simple moving average is $63.76.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.06 by $0.31. The firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $1.96 billion. Taylor Morrison Home had a return on equity of 15.91% and a net margin of 10.39%. The business’s quarterly revenue was up 26.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.62 EPS. As a group, sell-side analysts forecast that Taylor Morrison Home Co. will post 8.44 EPS for the current fiscal year.

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.