Allianz Asset Management GmbH Grows Stake in Taylor Morrison Home Co. (NYSE:TMHC)

Allianz Asset Management GmbH raised its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 9.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 578,746 shares of the construction company’s stock after purchasing an additional 48,358 shares during the period. Allianz Asset Management GmbH owned 0.56% of Taylor Morrison Home worth $35,425,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. purchased a new position in shares of Taylor Morrison Home in the 3rd quarter worth approximately $34,000. V Square Quantitative Management LLC raised its position in Taylor Morrison Home by 68.1% in the 4th quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company’s stock worth $42,000 after purchasing an additional 277 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its stake 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 worth $49,000 after purchasing an additional 243 shares during the last quarter. Peterson Financial Group Inc. purchased a new position in shares of Taylor Morrison Home during the third quarter valued at approximately $62,000. Finally, R Squared Ltd bought a new position in shares of Taylor Morrison Home during the fourth quarter valued at approximately $61,000. 95.16% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TMHC. Barclays raised Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $75.00 to $90.00 in a research note on Wednesday, December 11th. StockNews.com downgraded Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Seaport Res Ptn cut shares of Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a report on Monday, January 27th. 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 report on Tuesday, February 18th. Finally, Raymond James reissued an “outperform” rating and issued a $84.00 price objective (up from $81.00) on shares of Taylor Morrison Home in a research report on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $82.43.

Taylor Morrison Home Trading Down 1.8 %

NYSE TMHC opened at $60.85 on Monday. The company’s 50-day simple moving average is $62.93 and its two-hundred day simple moving average is $66.32. Taylor Morrison Home Co. has a one year low of $53.17 and a one year high of $75.49. The company has a market capitalization of $6.30 billion, a price-to-earnings ratio of 7.35 and a beta of 2.03. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.94 and a current ratio of 6.39.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings data on Wednesday, February 12th. The construction company reported $2.64 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.24. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. Equities analysts forecast that Taylor Morrison Home Co. will post 8.93 EPS for the current fiscal year.

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.