Choreo LLC Has $956,000 Stock Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

Choreo LLC grew its position in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,642 shares of the construction company’s stock after acquiring an additional 358 shares during the quarter. Choreo LLC’s holdings in Taylor Morrison Home were worth $956,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new position in Taylor Morrison Home during the third quarter worth $29,000. Harbor Capital Advisors Inc. acquired a new position in shares of Taylor Morrison Home during the 3rd quarter worth about $34,000. UMB Bank n.a. grew its holdings in shares of Taylor Morrison Home by 263.9% in the 3rd quarter. UMB Bank n.a. now owns 535 shares of the construction company’s stock valued at $38,000 after acquiring an additional 388 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Taylor Morrison Home by 43.2% in the 4th 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 in the last quarter. Finally, Peterson Financial Group Inc. acquired a new stake in shares of Taylor Morrison Home in the third quarter valued at about $62,000. 95.16% of the stock is owned by institutional investors.

Insider Activity at Taylor Morrison Home

In related news, Director William H. Lyon sold 24,284 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $74.46, for a total value of $1,808,186.64. Following the completion of the sale, the director now directly owns 2,045,316 shares in the company, valued at $152,294,229.36. The trade was a 1.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 3.50% of the stock is owned by company insiders.

Taylor Morrison Home Price Performance

NYSE:TMHC opened at $61.54 on Monday. The company has a market cap of $6.37 billion, a P/E ratio of 8.14 and a beta of 2.03. The firm’s fifty day moving average price is $64.18 and its two-hundred day moving average price is $66.44. Taylor Morrison Home Co. has a one year low of $52.72 and a one year high of $75.49. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.24 and a quick ratio of 0.69.

Wall Street Analyst Weigh In

Several brokerages recently commented on TMHC. Wedbush raised Taylor Morrison Home from a “neutral” rating to an “outperform” rating and increased their price target for the company from $65.00 to $85.00 in a research report on Friday, October 25th. BTIG Research raised their target price on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Barclays raised shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $75.00 to $90.00 in a research report on Wednesday, December 11th. Raymond James reiterated an “outperform” rating and issued a $84.00 price target (up previously from $81.00) on shares of Taylor Morrison Home in a research note on Tuesday, October 29th. Finally, Wolfe Research upgraded shares of Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price objective on the stock in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Taylor Morrison Home currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.00.

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.