Fisher Asset Management LLC Sells 397,103 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Fisher Asset Management LLC lessened its stake in Taylor Morrison Home Co. (NYSE:TMHC) by 27.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,071,717 shares of the construction company’s stock after selling 397,103 shares during the period. Fisher Asset Management LLC’s holdings in Taylor Morrison Home were worth $57,176,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Nordea Investment Management AB lifted its holdings in shares of Taylor Morrison Home by 30.4% during the 4th quarter. Nordea Investment Management AB now owns 108,431 shares of the construction company’s stock valued at $5,823,000 after purchasing an additional 25,250 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in shares of Taylor Morrison Home by 89.4% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 38,103 shares of the construction company’s stock valued at $1,623,000 after acquiring an additional 17,986 shares in the last quarter. TFB Advisors LLC purchased a new position in shares of Taylor Morrison Home in the 4th quarter valued at approximately $207,000. Rhumbline Advisers grew its position in Taylor Morrison Home by 0.3% during the 3rd quarter. Rhumbline Advisers now owns 388,101 shares of the construction company’s stock worth $16,537,000 after purchasing an additional 1,053 shares during the last quarter. Finally, Raymond James & Associates increased its stake in Taylor Morrison Home by 91.9% during the 3rd quarter. Raymond James & Associates now owns 51,591 shares of the construction company’s stock valued at $2,198,000 after purchasing an additional 24,701 shares in the last quarter. 95.16% of the stock is currently owned by institutional investors.

Insider Transactions at Taylor Morrison Home

In related news, CAO Joseph Terracciano sold 724 shares of Taylor Morrison Home stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $55.87, for a total transaction of $40,449.88. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CAO Joseph Terracciano sold 724 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $55.87, for a total transaction of $40,449.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Curtis Vanhyfte sold 7,765 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $57.89, for a total value of $449,515.85. The disclosure for this sale can be found here. Insiders have sold a total of 613,537 shares of company stock worth $36,409,767 in the last ninety days. Insiders own 3.50% of the company’s stock.

Taylor Morrison Home Trading Up 1.7 %

TMHC stock opened at $57.20 on Friday. Taylor Morrison Home Co. has a 52-week low of $37.23 and a 52-week high of $62.64. The company has a quick ratio of 1.13, a current ratio of 6.16 and a debt-to-equity ratio of 0.39. The firm has a market cap of $6.09 billion, a P/E ratio of 8.18 and a beta of 1.88. The company’s 50-day simple moving average is $57.61 and its 200-day simple moving average is $51.83.

Taylor Morrison Home (NYSE:TMHC) last issued its earnings results on Tuesday, April 30th. The construction company reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.18. The business had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.66 billion. Taylor Morrison Home had a net margin of 10.30% and a return on equity of 15.75%. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.74 earnings per share. As a group, equities analysts forecast that Taylor Morrison Home Co. will post 7.29 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Zelman & Associates raised shares of Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a report on Friday, April 12th. Wedbush reissued a “neutral” rating and issued a $55.00 price objective on shares of Taylor Morrison Home in a report on Tuesday. Seaport Res Ptn downgraded Taylor Morrison Home from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. StockNews.com lowered Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st. Finally, Royal Bank of Canada raised their price target on shares of Taylor Morrison Home from $61.00 to $63.00 and gave the stock an “outperform” rating in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $58.20.

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.