Taylor Morrison Home Co. (NYSE:TMHC) Shares Purchased by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. boosted its holdings in Taylor Morrison Home Co. (NYSE:TMHC) by 2,101.4% during the fourth quarter, HoldingsChannel reports. The fund owned 95,804 shares of the construction company’s stock after buying an additional 91,452 shares during the period. Jupiter Asset Management Ltd.’s holdings in Taylor Morrison Home were worth $5,864,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC lifted its holdings in Taylor Morrison Home by 68.1% in the fourth quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company’s stock valued at $42,000 after acquiring an additional 277 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Taylor Morrison Home by 43.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company’s stock valued at $49,000 after acquiring an additional 243 shares during the last quarter. SRS Capital Advisors Inc. purchased a new stake in Taylor Morrison Home in the fourth quarter valued at approximately $51,000. Smartleaf Asset Management LLC raised its position in Taylor Morrison Home by 41.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company’s stock valued at $51,000 after purchasing an additional 243 shares during the period. Finally, Peterson Financial Group Inc. purchased a new stake in Taylor Morrison Home in the third quarter valued at approximately $62,000. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Taylor Morrison Home Stock Performance

NYSE:TMHC opened at $57.99 on Friday. The firm has a market capitalization of $5.90 billion, a PE ratio of 7.00 and a beta of 2.06. The business’s fifty day moving average price is $62.87 and its 200 day moving average price is $66.13. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.39 and a quick ratio of 0.94. Taylor Morrison Home Co. has a 12 month low of $53.17 and a 12 month high of $75.49.

Taylor Morrison Home (NYSE:TMHC) last posted its earnings results on Wednesday, February 12th. The construction company reported $2.64 EPS for the quarter, beating 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%. On average, sell-side analysts anticipate that Taylor Morrison Home Co. will post 8.93 earnings per share for the current fiscal year.

Insider Activity 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 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 filing with the Securities & Exchange Commission, which is accessible 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. 3.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Seaport Res Ptn raised Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 6th. Wolfe Research raised Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 target price on the stock in a research report on Wednesday, January 8th. JPMorgan Chase & Co. cut their target price on Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. Barclays raised Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $75.00 to $90.00 in a research report on Wednesday, December 11th. Finally, StockNews.com lowered Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.43.

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.