Taylor Morrison Home Co. (NYSE:TMHC) Shares Acquired by Fisher Asset Management LLC

Fisher Asset Management LLC increased its position in Taylor Morrison Home Co. (NYSE:TMHC) by 9.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,255,266 shares of the construction company’s stock after buying an additional 103,289 shares during the period. Fisher Asset Management LLC owned about 1.21% of Taylor Morrison Home worth $76,835,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of TMHC. Raymond James & Associates raised its position in shares of Taylor Morrison Home by 8.4% in the third quarter. Raymond James & Associates now owns 62,313 shares of the construction company’s stock valued at $4,378,000 after buying an additional 4,822 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Taylor Morrison Home by 6,926.2% in the third quarter. International Assets Investment Management LLC now owns 10,188 shares of the construction company’s stock valued at $716,000 after buying an additional 10,043 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Taylor Morrison Home by 4.4% in the third quarter. State of Alaska Department of Revenue now owns 12,108 shares of the construction company’s stock valued at $850,000 after buying an additional 505 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new position in shares of Taylor Morrison Home in the third quarter valued at approximately $34,000. Finally, Asset Management One Co. Ltd. acquired a new position in shares of Taylor Morrison Home in the third quarter valued at approximately $947,000. Institutional investors and hedge funds own 95.16% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on TMHC. JPMorgan Chase & Co. cut 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. 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. StockNews.com lowered shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Seaport Res Ptn lowered shares of Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a research report on Monday, January 27th. Finally, Wolfe Research raised shares of Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price target for the company in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.43.

Taylor Morrison Home Price Performance

Taylor Morrison Home stock opened at $61.59 on Friday. Taylor Morrison Home Co. has a 52-week low of $53.17 and a 52-week high of $75.49. The firm has a fifty day moving average of $62.95 and a 200-day moving average of $66.34. The firm has a market capitalization of $6.37 billion, a P/E ratio of 7.44 and a beta of 2.03. The company has a quick ratio of 0.94, a current ratio of 6.39 and a debt-to-equity ratio of 0.36.

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

Insider Transactions at Taylor Morrison Home

In other news, 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 value of $153,679.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.50% of the company’s stock.

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.