Counterpoint Mutual Funds LLC Purchases 6,881 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Counterpoint Mutual Funds LLC raised its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 174.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,825 shares of the construction company’s stock after purchasing an additional 6,881 shares during the quarter. Counterpoint Mutual Funds LLC’s holdings in Taylor Morrison Home were worth $663,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the stock. Lord Abbett & CO. LLC grew its holdings in Taylor Morrison Home by 2.5% during the 3rd quarter. Lord Abbett & CO. LLC now owns 463,287 shares of the construction company’s stock worth $32,550,000 after acquiring an additional 11,302 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Taylor Morrison Home by 3.5% during 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 buying an additional 69,222 shares during the period. Intech Investment Management LLC bought a new position in Taylor Morrison Home in the third quarter worth approximately $1,899,000. Sheets Smith Wealth Management purchased a new stake in Taylor Morrison Home during the fourth quarter worth $550,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Taylor Morrison Home by 26.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,362,020 shares of the construction company’s stock valued at $95,696,000 after acquiring an additional 282,227 shares during the period. 95.16% of the stock is owned by institutional investors.

Taylor Morrison Home Stock Up 1.0 %

TMHC stock opened at $58.64 on Monday. The firm’s fifty day simple moving average is $62.82 and its 200-day simple moving average is $66.06. The company has a market capitalization of $5.97 billion, a P/E ratio of 7.08 and a beta of 2.06. 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, 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 forecast that Taylor Morrison Home Co. will post 8.93 earnings per share for the current year.

Insider Activity at Taylor Morrison Home

In related news, CAO Joseph Terracciano sold 1,537 shares of the stock in a transaction on Tuesday, March 11th. The stock was 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 can be accessed through this link. Also, 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 value of $153,679.96. The disclosure for this sale can be found here. 3.50% of the stock is owned by company insiders.

Analyst Ratings Changes

TMHC has been the subject of several recent analyst reports. Wolfe Research upgraded shares of Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price objective for the company in a research note on Wednesday, January 8th. Barclays raised Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $75.00 to $90.00 in a research report on Wednesday, December 11th. StockNews.com lowered Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Seaport Res Ptn upgraded Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 6th. Finally, JPMorgan Chase & Co. decreased their price objective 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. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price 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.