Mutual of America Capital Management LLC Has $17.92 Million Stock Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

Mutual of America Capital Management LLC lessened its holdings in Taylor Morrison Home Co. (NYSE:TMHC) by 24.3% during the fourth quarter, HoldingsChannel reports. The firm owned 292,735 shares of the construction company’s stock after selling 94,012 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Taylor Morrison Home were worth $17,918,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. MQS Management LLC bought a new position in shares of Taylor Morrison Home in the 3rd quarter valued at $768,000. Lord Abbett & CO. LLC lifted its stake in shares of 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 valued at $32,550,000 after acquiring an additional 11,302 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Taylor Morrison Home by 3.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company’s stock valued at $144,144,000 after acquiring an additional 69,222 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of Taylor Morrison Home in the 3rd quarter valued at $1,899,000. Finally, Sheets Smith Wealth Management bought a new position in shares of Taylor Morrison Home in the 4th quarter valued at $550,000. Institutional investors and hedge funds own 95.16% of the company’s stock.

Taylor Morrison Home Stock Performance

Shares of Taylor Morrison Home stock opened at $61.59 on Friday. 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 business has a 50-day moving average price of $62.95 and a two-hundred day moving average price of $66.30. Taylor Morrison Home Co. has a 1-year low of $53.17 and a 1-year high of $75.49. The company has a market cap of $6.37 billion, a P/E ratio of 7.44 and a beta of 2.03.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly 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 return on equity of 16.50% and a net margin of 10.81%. As a group, analysts anticipate that Taylor Morrison Home Co. will post 8.93 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on TMHC. Wolfe Research upgraded Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price target for the company in a research note on Wednesday, January 8th. StockNews.com cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Seaport Res Ptn cut Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a research note on Monday, January 27th. JPMorgan Chase & Co. lowered their target price on 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. Finally, Barclays raised Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and raised their target price 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 given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $82.43.

Insider Activity

In other news, Director David C. Merritt sold 2,402 shares of the firm’s stock in a transaction dated 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 this link. 3.50% of the stock is currently owned by company 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.