Greenleaf Trust Reduces Stock Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

Greenleaf Trust reduced its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 3.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,865 shares of the construction company’s stock after selling 405 shares during the quarter. Greenleaf Trust’s holdings in Taylor Morrison Home were worth $604,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of TMHC. Spire Wealth Management acquired a new stake in Taylor Morrison Home during the 4th quarter valued at $104,000. Foster & Motley Inc. grew its holdings in Taylor Morrison Home by 5.4% during the 4th quarter. Foster & Motley Inc. now owns 24,116 shares of the construction company’s stock valued at $1,476,000 after purchasing an additional 1,238 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in Taylor Morrison Home by 89.9% during the 4th quarter. Hantz Financial Services Inc. now owns 10,362 shares of the construction company’s stock valued at $634,000 after purchasing an additional 4,905 shares in the last quarter. R Squared Ltd acquired a new stake in Taylor Morrison Home during the 4th quarter valued at $61,000. Finally, Pacer Advisors Inc. boosted its holdings in Taylor Morrison Home by 1.2% in the fourth quarter. Pacer Advisors Inc. now owns 15,428 shares of the construction company’s stock valued at $944,000 after purchasing an additional 180 shares during the last quarter. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Taylor Morrison Home news, Director William H. Lyon sold 9,075 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $72.08, for a total value of $654,126.00. Following the completion of the transaction, the director now owns 2,136,241 shares in the company, valued at approximately $153,980,251.28. This represents a 0.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.50% of the stock is currently owned by corporate insiders.

Taylor Morrison Home Stock Performance

Shares of NYSE TMHC opened at $64.19 on Wednesday. The company has a quick ratio of 0.69, a current ratio of 6.24 and a debt-to-equity ratio of 0.37. The firm’s 50-day moving average price is $65.00 and its two-hundred day moving average price is $66.50. Taylor Morrison Home Co. has a 52-week low of $51.18 and a 52-week high of $75.49. The stock has a market capitalization of $6.64 billion, a P/E ratio of 8.49 and a beta of 2.03.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. BTIG Research increased their price target on Taylor Morrison Home from $78.00 to $86.00 and gave the company a “buy” rating in a report on Thursday, October 24th. StockNews.com cut shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Raymond James reaffirmed an “outperform” rating and issued a $84.00 price target (up from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th. Wedbush raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and upped their price target for the company from $65.00 to $85.00 in a report on Friday, October 25th. Finally, Wolfe Research raised Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price objective for the company in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $84.00.

About Taylor Morrison Home

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.