Factorial Partners LLC Sells 3,900 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Factorial Partners LLC cut its holdings in Taylor Morrison Home Co. (NYSE:TMHC) by 8.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 41,100 shares of the construction company’s stock after selling 3,900 shares during the period. Taylor Morrison Home comprises about 1.4% of Factorial Partners LLC’s holdings, making the stock its 29th largest holding. Factorial Partners LLC’s holdings in Taylor Morrison Home were worth $2,516,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Vision Capital Corp acquired a new stake in shares of Taylor Morrison Home during the third quarter worth $38,173,000. Charles Schwab Investment Management Inc. boosted its holdings in Taylor Morrison Home by 26.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,362,020 shares of the construction company’s stock worth $95,696,000 after buying an additional 282,227 shares during the last quarter. Barclays PLC grew its position in shares of Taylor Morrison Home by 66.4% during the 3rd quarter. Barclays PLC now owns 420,419 shares of the construction company’s stock worth $29,539,000 after buying an additional 167,735 shares during the period. World Investment Advisors LLC bought a new stake in shares of Taylor Morrison Home in the 3rd quarter valued at about $10,291,000. Finally, State Street Corp raised its position in shares of Taylor Morrison Home by 2.8% in the 3rd quarter. State Street Corp now owns 4,987,968 shares of the construction company’s stock valued at $350,455,000 after acquiring an additional 136,432 shares during the period. Institutional investors and hedge funds own 95.16% of the company’s stock.

Analysts Set New Price Targets

TMHC has been the subject of a number of analyst reports. Royal Bank of Canada boosted their price objective on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Barclays raised shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $75.00 to $90.00 in a report on Wednesday, December 11th. JPMorgan Chase & Co. dropped their price objective on Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. Seaport Res Ptn cut Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a research note on Monday, January 27th. Finally, StockNews.com downgraded Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $82.43.

Insider Buying and Selling

In related news, Director David C. Merritt sold 2,402 shares of Taylor Morrison Home stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $63.98, for a total value of $153,679.96. The transaction was disclosed in a filing with the SEC, which is available at this link. 3.50% of the stock is currently owned by corporate insiders.

Taylor Morrison Home Stock Performance

Shares of Taylor Morrison Home stock opened at $61.59 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.39 and a quick ratio of 0.94. The firm has a market cap of $6.37 billion, a price-to-earnings ratio of 7.44 and a beta of 2.03. The stock’s 50-day moving average is $62.95 and its 200-day moving average is $66.30. Taylor Morrison Home Co. has a one year low of $53.17 and a one year high of $75.49.

Taylor Morrison Home (NYSE:TMHC) last released its earnings results on Wednesday, February 12th. The construction company reported $2.64 EPS for the quarter, beating the consensus estimate of $2.40 by $0.24. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. Equities analysts predict that Taylor Morrison Home Co. will post 8.93 earnings per share for the current fiscal year.

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.