Sheets Smith Investment Management Acquires New Shares in Taylor Morrison Home Co. (NYSE:TMHC)

Sheets Smith Investment Management acquired a new stake in Taylor Morrison Home Co. (NYSE:TMHC) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 21,840 shares of the construction company’s stock, valued at approximately $1,337,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TMHC. Vision Capital Corp acquired a new stake in shares of Taylor Morrison Home during the third quarter worth about $38,173,000. Charles Schwab Investment Management Inc. raised its position in shares of 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 purchasing an additional 282,227 shares during the period. Boston Partners raised its position in shares of Taylor Morrison Home by 88.7% during the fourth quarter. Boston Partners now owns 594,347 shares of the construction company’s stock worth $36,794,000 after purchasing an additional 279,361 shares during the period. Barclays PLC raised its position in shares of Taylor Morrison Home by 66.4% during the third quarter. Barclays PLC now owns 420,419 shares of the construction company’s stock worth $29,539,000 after purchasing an additional 167,735 shares during the period. Finally, World Investment Advisors LLC acquired a new stake in shares of Taylor Morrison Home during the third quarter worth about $10,291,000. Institutional investors own 95.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. StockNews.com lowered Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Barclays upgraded Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $75.00 to $90.00 in a report on Wednesday, December 11th. Seaport Res Ptn upgraded Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Thursday, March 6th. JPMorgan Chase & Co. decreased their price target on Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. Finally, Royal Bank of Canada raised their price target on Taylor Morrison Home from $72.00 to $74.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $82.43.

Taylor Morrison Home Stock Performance

Shares of NYSE TMHC opened at $59.41 on Monday. 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 Co. has a 12 month low of $53.17 and a 12 month high of $75.49. The stock has a 50 day moving average of $62.75 and a 200-day moving average of $65.82. The company has a market capitalization of $6.04 billion, a P/E ratio of 7.18 and a beta of 2.06.

Taylor Morrison Home (NYSE:TMHC) last issued its earnings results on Wednesday, February 12th. The construction company reported $2.64 EPS for the quarter, topping the consensus estimate 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, equities research analysts predict that Taylor Morrison Home Co. will post 8.93 EPS for the current year.

Insider Transactions at Taylor Morrison Home

In related news, Director David C. Merritt sold 2,402 shares of Taylor Morrison Home stock in a transaction that occurred on Tuesday, February 25th. The stock was 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Joseph Terracciano sold 1,537 shares of Taylor Morrison Home stock in a transaction that occurred on Tuesday, March 11th. The stock was 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 currently owned by corporate insiders.

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.