Taylor Morrison Home Co. (NYSE:TMHC) Position Increased by William Blair Investment Management LLC

William Blair Investment Management LLC raised its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 2.5% in the 4th quarter, Holdings Channel reports. The firm owned 781,005 shares of the construction company’s stock after purchasing an additional 18,903 shares during the quarter. William Blair Investment Management LLC’s holdings in Taylor Morrison Home were worth $47,805,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in TMHC. V Square Quantitative Management LLC increased its stake in Taylor Morrison Home by 68.1% during the fourth quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company’s stock valued at $42,000 after purchasing an additional 277 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in Taylor Morrison Home by 43.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company’s stock valued at $49,000 after purchasing an additional 243 shares during the last quarter. SRS Capital Advisors Inc. bought a new stake in Taylor Morrison Home during the fourth quarter valued at $51,000. Smartleaf Asset Management LLC increased its stake in Taylor Morrison Home by 41.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company’s stock valued at $51,000 after purchasing an additional 243 shares during the last quarter. Finally, R Squared Ltd bought a new stake in Taylor Morrison Home during the fourth quarter valued at $61,000. Institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Stock Performance

Shares of TMHC opened at $58.91 on Tuesday. Taylor Morrison Home Co. has a 52-week low of $53.17 and a 52-week high of $75.49. The company has a quick ratio of 0.94, a current ratio of 6.39 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $5.99 billion, a PE ratio of 7.11 and a beta of 2.06. The firm has a 50-day moving average price of $62.79 and a 200 day moving average price of $66.00.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings results on Wednesday, February 12th. The construction company reported $2.64 earnings per share for the quarter, beating 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%. On average, sell-side analysts anticipate that Taylor Morrison Home Co. will post 8.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Taylor Morrison Home

In other Taylor Morrison Home news, Director David C. Merritt sold 2,402 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total transaction of $153,679.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Joseph Terracciano sold 1,537 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total transaction of $93,372.75. The disclosure for this sale can be found here. 3.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

TMHC has been the subject of several recent research reports. Barclays upgraded 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. JPMorgan Chase & Co. lowered their price target 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. Wolfe Research upgraded 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. Finally, Royal Bank of Canada upped their price target on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $82.43.

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.