Strategy Asset Managers LLC Has $201,000 Stock Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

Strategy Asset Managers LLC increased its stake in Taylor Morrison Home Co. (NYSE:TMHC) by 11.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,291 shares of the construction company’s stock after acquiring an additional 338 shares during the quarter. Strategy Asset Managers LLC’s holdings in Taylor Morrison Home were worth $201,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Lord Abbett & CO. LLC boosted its stake in shares of Taylor Morrison Home by 2.5% in the 3rd quarter. Lord Abbett & CO. LLC now owns 463,287 shares of the construction company’s stock valued at $32,550,000 after purchasing an additional 11,302 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Taylor Morrison Home by 3.5% during the 3rd quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company’s stock worth $144,144,000 after purchasing an additional 69,222 shares in the last quarter. Sheets Smith Wealth Management acquired a new stake in shares of Taylor Morrison Home in the 4th quarter valued at about $550,000. Financial Enhancement Group LLC bought a new stake in Taylor Morrison Home in the 4th quarter valued at about $5,840,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in Taylor Morrison Home by 43.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company’s stock worth $49,000 after buying an additional 243 shares during the period. 95.16% of the stock is currently owned by institutional investors.

Insider Activity

In other Taylor Morrison Home news, CAO Joseph Terracciano sold 1,537 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total value of $93,372.75. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director David C. Merritt sold 2,402 shares of Taylor Morrison Home stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $63.98, for a total transaction of $153,679.96. The disclosure for this sale can be found here. Insiders own 3.50% of the company’s stock.

Taylor Morrison Home Stock Down 2.0 %

Taylor Morrison Home stock opened at $60.05 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.94 and a current ratio of 6.39. The stock has a market cap of $6.11 billion, a PE ratio of 7.25 and a beta of 2.06. Taylor Morrison Home Co. has a fifty-two week low of $53.17 and a fifty-two week high of $75.49. The firm’s 50-day simple moving average is $62.41 and its 200 day simple moving average is $65.70.

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

Wall Street Analyst Weigh In

TMHC has been the subject of several recent research reports. Seaport Res Ptn upgraded Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Thursday, March 6th. 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 note on Wednesday, January 8th. JPMorgan Chase & Co. dropped their price objective on shares of Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. Royal Bank of Canada boosted their target price 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. Finally, StockNews.com cut shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $82.43.

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.