Farther Finance Advisors LLC Lowers Stake in Taylor Morrison Home Co. (NYSE:TMHC)

Farther Finance Advisors LLC decreased its position in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 26.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 529 shares of the construction company’s stock after selling 186 shares during the quarter. Farther Finance Advisors LLC’s holdings in Taylor Morrison Home were worth $32,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CIBC Asset Management Inc boosted its holdings in shares of Taylor Morrison Home by 5.5% during the fourth quarter. CIBC Asset Management Inc now owns 3,302 shares of the construction company’s stock worth $202,000 after purchasing an additional 173 shares during the last quarter. Pacer Advisors Inc. lifted its position in Taylor Morrison Home by 1.2% during the fourth quarter. Pacer Advisors Inc. now owns 15,428 shares of the construction company’s stock worth $944,000 after buying an additional 180 shares during the period. Captrust Financial Advisors boosted its stake in Taylor Morrison Home by 2.9% in the 3rd quarter. Captrust Financial Advisors now owns 8,340 shares of the construction company’s stock worth $586,000 after buying an additional 234 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Taylor Morrison Home by 43.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company’s stock valued at $49,000 after buying an additional 243 shares during the period. Finally, Smartleaf Asset Management LLC increased its stake in shares of Taylor Morrison Home by 41.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company’s stock valued at $51,000 after acquiring an additional 243 shares during the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TMHC. JPMorgan Chase & Co. decreased their target price on shares of Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. StockNews.com downgraded shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Seaport Res Ptn raised shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 6th. Barclays raised Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $75.00 to $90.00 in a research report on Wednesday, December 11th. Finally, Wolfe Research upgraded Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 target price on the stock in a 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $82.43.

Taylor Morrison Home Stock Performance

NYSE:TMHC opened at $61.31 on Tuesday. Taylor Morrison Home Co. has a twelve month low of $53.17 and a twelve month high of $75.49. The firm has a market capitalization of $6.24 billion, a price-to-earnings ratio of 7.40 and a beta of 2.06. The company has a current ratio of 6.39, a quick ratio of 0.94 and a debt-to-equity ratio of 0.36. The firm’s fifty day simple moving average is $62.75 and its 200 day simple moving average is $65.80.

Taylor Morrison Home (NYSE:TMHC) last issued its earnings results on Wednesday, February 12th. The construction company reported $2.64 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.24. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. As a group, equities research analysts expect that Taylor Morrison Home Co. will post 8.93 earnings per share for the current fiscal year.

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.