Taylor Morrison Home Co. (NYSE:TMHC) Shares Purchased by Quantbot Technologies LP

Quantbot Technologies LP boosted its stake in Taylor Morrison Home Co. (NYSE:TMHC) by 31.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,915 shares of the construction company’s stock after acquiring an additional 8,513 shares during the period. Quantbot Technologies LP’s holdings in Taylor Morrison Home were worth $2,198,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Natixis Advisors LLC boosted its holdings in Taylor Morrison Home by 14.1% in the 3rd quarter. Natixis Advisors LLC now owns 21,862 shares of the construction company’s stock valued at $1,536,000 after purchasing an additional 2,705 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Taylor Morrison Home in the 3rd quarter valued at approximately $1,195,000. Intech Investment Management LLC purchased a new stake in Taylor Morrison Home in the 3rd quarter valued at approximately $1,899,000. Charles Schwab Investment Management Inc. boosted its holdings in Taylor Morrison Home by 26.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,362,020 shares of the construction company’s stock valued at $95,696,000 after purchasing an additional 282,227 shares in the last quarter. Finally, Citigroup Inc. boosted its holdings in Taylor Morrison Home by 61.7% in the 3rd quarter. Citigroup Inc. now owns 170,960 shares of the construction company’s stock valued at $12,012,000 after purchasing an additional 65,252 shares in the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

Taylor Morrison Home Price Performance

TMHC stock opened at $59.41 on Monday. Taylor Morrison Home Co. has a 1 year low of $53.17 and a 1 year high of $75.49. 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 stock’s 50 day moving average price is $62.75 and its 200 day moving average price is $65.82. The firm has a market cap of $6.04 billion, a P/E ratio of 7.18 and a beta of 2.06.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. 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 report on Wednesday, January 8th. JPMorgan Chase & Co. lowered their price objective on Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. Seaport Res Ptn raised Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 6th. StockNews.com lowered Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Finally, Barclays raised Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $75.00 to $90.00 in a research note on Wednesday, December 11th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Taylor Morrison Home currently has an average rating of “Moderate Buy” and an average target price of $82.43.

Insider Activity at Taylor Morrison Home

In other Taylor Morrison Home news, Director David C. Merritt sold 2,402 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $63.98, for a total value of $153,679.96. The sale was disclosed in a filing 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 on Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total value of $93,372.75. The disclosure for this sale can be found here. 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.