Acadian Asset Management LLC lessened its stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 94.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,555 shares of the construction company’s stock after selling 208,071 shares during the quarter. Acadian Asset Management LLC’s holdings in Taylor Morrison Home were worth $283,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Taylor Morrison Home by 72.8% during the 2nd quarter. Vanguard Group Inc. now owns 7,031,797 shares of the construction company’s stock valued at $168,834,000 after purchasing an additional 2,962,990 shares in the last quarter. BlackRock Inc. boosted its position in Taylor Morrison Home by 51.5% in the 2nd quarter. BlackRock Inc. now owns 6,585,230 shares of the construction company’s stock valued at $158,111,000 after buying an additional 2,239,679 shares during the last quarter. Greenhaven Associates Inc. boosted its position in shares of Taylor Morrison Home by 94.9% in the 3rd quarter. Greenhaven Associates Inc. now owns 2,526,244 shares of the construction company’s stock worth $55,704,000 after purchasing an additional 1,229,844 shares during the last quarter. Koch Industries Inc. boosted its position in shares of Taylor Morrison Home by 12,426.6% in the 2nd quarter. Koch Industries Inc. now owns 1,216,461 shares of the construction company’s stock worth $1,168,000 after purchasing an additional 1,206,750 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Taylor Morrison Home by 31.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,591,375 shares of the construction company’s stock worth $101,239,000 after purchasing an additional 1,089,798 shares during the last quarter. 57.40% of the stock is owned by hedge funds and other institutional investors.
Several analysts have issued reports on the company. Barclays set a $28.00 price target on Taylor Morrison Home and gave the company an “equal weight” rating in a research note on Thursday, February 8th. B. Riley reiterated a “neutral” rating on shares of Taylor Morrison Home in a report on Thursday, November 2nd. Zacks Investment Research cut Taylor Morrison Home from a “hold” rating to a “sell” rating in a report on Friday, January 5th. Susquehanna Bancshares upgraded Taylor Morrison Home from a “neutral” rating to a “positive” rating in a report on Thursday, January 4th. Finally, Citigroup upgraded shares of Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. Taylor Morrison Home presently has a consensus rating of “Buy” and a consensus price target of $28.22.
In other news, insider Group Holdings (Sbs) Advis Tpg sold 1,499,732 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $27.14, for a total transaction of $40,702,726.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.40% of the company’s stock.
Taylor Morrison Home Corporation (TMHC) traded down $0.12 during mid-day trading on Tuesday, hitting $23.72. 28,111 shares of the stock were exchanged, compared to its average volume of 2,630,088. The company has a market cap of $2,859.80, a PE ratio of 12.08, a PEG ratio of 0.77 and a beta of 1.44. The company has a quick ratio of 0.81, a current ratio of 6.85 and a debt-to-equity ratio of 0.63. Taylor Morrison Home Corporation has a one year low of $18.41 and a one year high of $28.42.
Taylor Morrison Home (NYSE:TMHC) last posted its earnings results on Wednesday, February 7th. The construction company reported $0.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.07. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. Taylor Morrison Home had a net margin of 2.36% and a return on equity of 5.82%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.63 EPS. research analysts forecast that Taylor Morrison Home Corporation will post 2.6 EPS for the current year.
Taylor Morrison Home declared that its board has approved a stock buyback program on Wednesday, January 3rd that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the construction company to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.
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Taylor Morrison Home Profile
Taylor Morrison Home Corporation is a homebuilder, which designs, builds and sells single-family detached and attached homes. The Company is also a land developer, with a portfolio of lifestyle and master-planned communities. Its segments include East, which includes Atlanta, Charlotte, North Florida, Raleigh, Southwest Florida and Tampa; Central, which includes Austin, Dallas, and Houston (each of the Dallas and Houston markets include both a Taylor Morrison division and a Darling Homes division); West, which includes Bay Area, Chicago, Denver, Phoenix, Sacramento and Southern California, and Mortgage Operations, which includes Taylor Morrison Home Funding, LLC (TMHF) and Inspired Title Services, LLC (Inspired Title).
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