Taylor Morrison Home Co. (NYSE:TMHC) Shares Bought by William Blair Investment Management LLC

William Blair Investment Management LLC raised its position in Taylor Morrison Home Co. (NYSE:TMHC) by 2.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 781,005 shares of the construction company’s stock after acquiring an additional 18,903 shares during the period. William Blair Investment Management LLC owned approximately 0.75% of Taylor Morrison Home worth $47,805,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in TMHC. Lord Abbett & CO. LLC lifted its stake in shares of Taylor Morrison Home by 2.5% in the third quarter. Lord Abbett & CO. LLC now owns 463,287 shares of the construction company’s stock valued at $32,550,000 after purchasing an additional 11,302 shares during the period. Principal Financial Group Inc. lifted its stake 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. Intech Investment Management LLC acquired a new stake in shares of Taylor Morrison Home in the third quarter valued at about $1,899,000. Sheets Smith Wealth Management acquired a new stake in shares of Taylor Morrison Home in the fourth quarter valued at about $550,000. Finally, Charles Schwab Investment Management Inc. raised its position 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 acquiring an additional 282,227 shares during the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Seaport Res Ptn upgraded shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 6th. JPMorgan Chase & Co. cut their target price on shares of Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating for the company in a research report on Tuesday, February 18th. Royal Bank of Canada lifted their price target on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the stock an “outperform” rating in a 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 for the company in a report on Wednesday, January 8th. Finally, StockNews.com downgraded shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.43.

Taylor Morrison Home Trading Up 0.4 %

NYSE TMHC opened at $58.91 on Tuesday. The company’s fifty day simple moving average is $62.79 and its 200-day simple moving average is $66.00. Taylor Morrison Home Co. has a 52 week low of $53.17 and a 52 week high of $75.49. The company has a current ratio of 6.39, a quick ratio of 0.94 and a debt-to-equity ratio of 0.36. The stock has a market cap of $5.99 billion, a P/E ratio of 7.11 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 EPS 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%. Equities research analysts predict that Taylor Morrison Home Co. will post 8.93 EPS for the current fiscal year.

Insider Transactions at Taylor Morrison Home

In related news, CAO Joseph Terracciano sold 1,537 shares of the company’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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David C. Merritt sold 2,402 shares of the company’s stock in a transaction on Tuesday, February 25th. The shares were 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. Corporate insiders own 3.50% of the company’s stock.

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.