Taylor Morrison Home Co. (NYSE:TMHC) Position Lifted by Fisher Asset Management LLC

Fisher Asset Management LLC raised its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 9.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,255,266 shares of the construction company’s stock after acquiring an additional 103,289 shares during the quarter. Fisher Asset Management LLC’s holdings in Taylor Morrison Home were worth $76,835,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. MQS Management LLC bought a new position in Taylor Morrison Home during the 3rd quarter valued at $768,000. Lord Abbett & CO. LLC boosted its stake in Taylor Morrison Home by 2.5% during the 3rd quarter. Lord Abbett & CO. LLC now owns 463,287 shares of the construction company’s stock valued at $32,550,000 after acquiring an additional 11,302 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Taylor Morrison Home by 3.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company’s stock worth $144,144,000 after buying an additional 69,222 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of Taylor Morrison Home in the 3rd quarter worth about $1,899,000. Finally, Sheets Smith Wealth Management bought a new position in shares of Taylor Morrison Home in the 4th quarter worth about $550,000. 95.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TMHC. Seaport Res Ptn downgraded shares of Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a research report on Monday, January 27th. Barclays upgraded shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $75.00 to $90.00 in a research report on Wednesday, December 11th. Royal Bank of Canada raised their price target on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Wolfe Research upgraded shares of Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price target on the stock in a research report on Wednesday, January 8th. Finally, StockNews.com downgraded shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $82.43.

Taylor Morrison Home Stock Up 0.7 %

TMHC stock opened at $61.59 on Friday. The company has a quick ratio of 0.94, a current ratio of 6.39 and a debt-to-equity ratio of 0.36. Taylor Morrison Home Co. has a fifty-two week low of $53.17 and a fifty-two week high of $75.49. The firm’s 50-day simple moving average is $62.95 and its 200 day simple moving average is $66.34. The stock has a market cap of $6.37 billion, a PE ratio of 7.44 and a beta of 2.03.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings data on Wednesday, February 12th. The construction company reported $2.64 earnings per share for the quarter, topping analysts’ consensus estimates 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, sell-side analysts predict that Taylor Morrison Home Co. will post 8.93 EPS for the current year.

Insider Buying and Selling at Taylor Morrison Home

In other Taylor Morrison Home news, Director David C. Merritt sold 2,402 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The shares were 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 accessible through this hyperlink. 3.50% of the stock is owned by corporate insiders.

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.