Barclays PLC Acquires 178,035 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Barclays PLC lifted its stake in Taylor Morrison Home Co. (NYSE:TMHC) by 42.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 598,454 shares of the construction company’s stock after purchasing an additional 178,035 shares during the period. Barclays PLC’s holdings in Taylor Morrison Home were worth $36,630,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in TMHC. Lord Abbett & CO. LLC grew its stake in Taylor Morrison Home by 2.5% in the 3rd quarter. Lord Abbett & CO. LLC now owns 463,287 shares of the construction company’s stock worth $32,550,000 after acquiring an additional 11,302 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Taylor Morrison Home by 3.5% in the third quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company’s stock valued at $144,144,000 after purchasing an additional 69,222 shares during the period. Sheets Smith Wealth Management bought a new position in Taylor Morrison Home in the fourth quarter worth approximately $550,000. JPMorgan Chase & Co. increased its holdings in Taylor Morrison Home by 24.0% during the 4th quarter. JPMorgan Chase & Co. now owns 811,253 shares of the construction company’s stock worth $49,657,000 after purchasing an additional 156,793 shares during the period. Finally, Financial Enhancement Group LLC bought a new stake in Taylor Morrison Home during the 4th quarter valued at $5,840,000. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Insider Buying and Selling at Taylor Morrison Home

In other Taylor Morrison Home news, CAO Joseph Terracciano sold 1,537 shares of the company’s 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David C. Merritt sold 2,402 shares of Taylor Morrison Home stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $63.98, for a total transaction of $153,679.96. The disclosure for this sale can be found here. 3.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Wolfe Research raised 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. Barclays dropped their target price on shares of Taylor Morrison Home from $90.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. JPMorgan Chase & Co. reduced their price target on shares of Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. Royal Bank of Canada increased their price objective on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Finally, BTIG Research set a $75.00 price objective on shares of Taylor Morrison Home and gave the stock a “buy” rating in a research note on Wednesday. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $78.00.

Taylor Morrison Home Trading Up 2.8 %

NYSE TMHC opened at $56.44 on Friday. Taylor Morrison Home Co. has a 52 week low of $51.90 and a 52 week high of $75.49. The company has a 50 day moving average price of $59.89 and a 200 day moving average price of $64.43. The company has a quick ratio of 0.94, a current ratio of 6.39 and a debt-to-equity ratio of 0.36. The firm has a market cap of $5.74 billion, a PE ratio of 6.82 and a beta of 1.76.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings results on Wednesday, February 12th. The construction company reported $2.64 earnings per share (EPS) for the quarter, topping 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%. As a group, sell-side analysts forecast that Taylor Morrison Home Co. will post 8.93 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.