Taylor Morrison Home Co. (NYSE:TMHC) Shares Purchased by Allianz Asset Management GmbH

Allianz Asset Management GmbH boosted its position in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 9.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 578,746 shares of the construction company’s stock after acquiring an additional 48,358 shares during the quarter. Allianz Asset Management GmbH’s holdings in Taylor Morrison Home were worth $35,425,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Global Retirement Partners LLC raised its position in Taylor Morrison Home by 89.9% during the fourth quarter. Global Retirement Partners LLC now owns 2,066 shares of the construction company’s stock valued at $126,000 after acquiring an additional 978 shares in the last quarter. New York State Common Retirement Fund raised its position in shares of Taylor Morrison Home by 2.5% in the fourth quarter. New York State Common Retirement Fund now owns 142,719 shares of the construction company’s stock worth $8,736,000 after acquiring an additional 3,472 shares during the period. CIBC Asset Management Inc boosted its stake in shares of Taylor Morrison Home by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 3,302 shares of the construction company’s stock worth $202,000 after acquiring an additional 173 shares in the last quarter. Sanctuary Advisors LLC grew its position in shares of Taylor Morrison Home by 3.3% during the 4th quarter. Sanctuary Advisors LLC now owns 15,971 shares of the construction company’s stock valued at $1,063,000 after acquiring an additional 507 shares during the period. Finally, Principal Securities Inc. increased its stake in shares of Taylor Morrison Home by 22.2% in the 4th quarter. Principal Securities Inc. now owns 7,128 shares of the construction company’s stock valued at $436,000 after purchasing an additional 1,297 shares in the last quarter. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Stock Performance

NYSE:TMHC opened at $60.85 on Monday. The company has a market cap of $6.30 billion, a P/E ratio of 7.35 and a beta of 2.03. Taylor Morrison Home Co. has a twelve month low of $53.17 and a twelve month high of $75.49. The company’s 50-day moving average price is $62.93 and its 200-day moving average price is $66.32. The company has a current ratio of 6.39, a quick ratio of 0.94 and a debt-to-equity ratio of 0.36.

Taylor Morrison Home (NYSE:TMHC) last released its earnings results 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%. On average, sell-side analysts forecast that Taylor Morrison Home Co. will post 8.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Royal Bank of Canada increased their price target on Taylor Morrison Home from $72.00 to $74.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. StockNews.com cut shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Raymond James restated an “outperform” rating and set a $84.00 price objective (up from $81.00) on shares of Taylor Morrison Home in a research report on Tuesday, October 29th. Seaport Res Ptn downgraded shares of Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a report on Monday, January 27th. Finally, Barclays upgraded shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $75.00 to $90.00 in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.43.

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.