Taylor Morrison Home Co. (NYSE:TMHC) Shares Acquired by Prudential Financial Inc.

Prudential Financial Inc. boosted its holdings in Taylor Morrison Home Co. (NYSE:TMHC) by 71.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 225,569 shares of the construction company’s stock after purchasing an additional 93,903 shares during the quarter. Prudential Financial Inc. owned approximately 0.22% of Taylor Morrison Home worth $13,807,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in TMHC. V Square Quantitative Management LLC increased its stake in shares of Taylor Morrison Home by 68.1% during the 4th quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company’s stock valued at $42,000 after acquiring an additional 277 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position 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 worth $49,000 after purchasing an additional 243 shares during the last quarter. SRS Capital Advisors Inc. acquired a new position in Taylor Morrison Home during the fourth quarter worth approximately $51,000. Smartleaf Asset Management LLC boosted its holdings in shares of Taylor Morrison Home by 41.4% in the 4th 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 purchased a new stake in shares of Taylor Morrison Home during the 4th quarter valued at $61,000. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on TMHC shares. Wolfe Research raised Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 target price on the stock in a research report on Wednesday, January 8th. Royal Bank of Canada raised their price objective on Taylor Morrison Home from $72.00 to $74.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Seaport Res Ptn upgraded Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Thursday, March 6th. StockNews.com lowered shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, Barclays upgraded shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $75.00 to $90.00 in a research note on Wednesday, December 11th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $82.43.

Taylor Morrison Home Stock Up 0.6 %

Shares of NYSE:TMHC opened at $61.27 on Friday. The company has a market capitalization of $6.23 billion, a price-to-earnings ratio of 7.40 and a beta of 2.06. The company has a 50 day moving average of $62.52 and a two-hundred day moving average of $65.71. 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.

Taylor Morrison Home (NYSE:TMHC) last released 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%. As a group, analysts forecast that Taylor Morrison Home Co. will post 8.93 earnings per share for the current fiscal year.

Insider Activity

In related news, Director David C. Merritt sold 2,402 shares of the stock in a transaction dated Tuesday, February 25th. The stock was 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 accessible through this link. Also, CAO Joseph Terracciano sold 1,537 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total value of $93,372.75. The disclosure for this sale can be found here. 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.