Fisher Asset Management LLC Has $80.94 Million Stake in Taylor Morrison Home Co. (NYSE:TMHC)

Fisher Asset Management LLC lifted its position in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 2.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,151,977 shares of the construction company’s stock after purchasing an additional 28,166 shares during the period. Fisher Asset Management LLC’s holdings in Taylor Morrison Home were worth $80,938,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in TMHC. V Square Quantitative Management LLC bought a new position in Taylor Morrison Home during the 3rd quarter worth $29,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Taylor Morrison Home during the second quarter worth about $31,000. Harbor Capital Advisors Inc. acquired a new stake in Taylor Morrison Home in the 3rd quarter worth about $34,000. UMB Bank n.a. boosted its holdings in Taylor Morrison Home by 263.9% in the 3rd quarter. UMB Bank n.a. now owns 535 shares of the construction company’s stock valued at $38,000 after purchasing an additional 388 shares during the period. Finally, Peterson Financial Group Inc. acquired a new position in shares of Taylor Morrison Home during the 3rd quarter worth approximately $62,000. 95.16% of the stock is owned by institutional investors and hedge funds.

Taylor Morrison Home Stock Performance

NYSE:TMHC opened at $74.80 on Tuesday. Taylor Morrison Home Co. has a twelve month low of $44.32 and a twelve month high of $75.49. The company has a quick ratio of 0.69, a current ratio of 6.24 and a debt-to-equity ratio of 0.37. The stock’s 50-day simple moving average is $69.56 and its 200 day simple moving average is $63.76. The firm has a market capitalization of $7.74 billion, a PE ratio of 9.89 and a beta of 1.96.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.06 by $0.31. The company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $1.96 billion. Taylor Morrison Home had a net margin of 10.39% and a return on equity of 15.91%. The firm’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same period last year, the company posted $1.62 EPS. On average, analysts anticipate that Taylor Morrison Home Co. will post 8.44 EPS for the current fiscal year.

Insider Buying and Selling at Taylor Morrison Home

In other news, EVP Darrell Sherman sold 68,433 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $70.50, for a total value of $4,824,526.50. Following the completion of the transaction, the executive vice president now directly owns 109,217 shares in the company, valued at approximately $7,699,798.50. This represents a 38.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William H. Lyon sold 9,075 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $72.08, for a total value of $654,126.00. Following the sale, the director now owns 2,136,241 shares in the company, valued at $153,980,251.28. This represents a 0.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,337 shares of company stock worth $7,356,683 over the last quarter. Corporate insiders own 3.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TMHC. Zelman & Associates upgraded shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research report on Monday, August 12th. Raymond James reaffirmed an “outperform” rating and issued a $84.00 price objective (up from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th. Barclays increased their target price on Taylor Morrison Home from $72.00 to $75.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. BTIG Research upped their price objective on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Royal Bank of Canada increased their price objective on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Taylor Morrison Home presently has a consensus rating of “Moderate Buy” and an average target price of $77.33.

Taylor Morrison Home 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.