Natixis Advisors LLC Sells 1,901 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Natixis Advisors LLC lowered its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 8.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,961 shares of the construction company’s stock after selling 1,901 shares during the quarter. Natixis Advisors LLC’s holdings in Taylor Morrison Home were worth $1,222,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its position in shares of Taylor Morrison Home by 26.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,362,020 shares of the construction company’s stock worth $95,696,000 after acquiring an additional 282,227 shares during the last quarter. Barclays PLC raised its holdings in Taylor Morrison Home by 66.4% during the 3rd quarter. Barclays PLC now owns 420,419 shares of the construction company’s stock worth $29,539,000 after purchasing an additional 167,735 shares during the last quarter. World Investment Advisors LLC acquired a new position in Taylor Morrison Home during the 3rd quarter valued at about $10,291,000. State Street Corp boosted its stake in shares of Taylor Morrison Home by 2.8% in the 3rd quarter. State Street Corp now owns 4,987,968 shares of the construction company’s stock valued at $350,455,000 after purchasing an additional 136,432 shares during the last quarter. Finally, Fisher Asset Management LLC grew its position in shares of Taylor Morrison Home by 9.0% during the 4th quarter. Fisher Asset Management LLC now owns 1,255,266 shares of the construction company’s stock worth $76,835,000 after buying an additional 103,289 shares during the period. Institutional investors and hedge funds own 95.16% of the company’s stock.

Taylor Morrison Home Stock Down 0.8 %

NYSE:TMHC opened at $60.84 on Wednesday. The stock has a market cap of $6.19 billion, a price-to-earnings ratio of 7.35 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 stock has a 50-day moving average price of $62.70 and a two-hundred day moving average price of $65.78. Taylor Morrison Home Co. has a 1 year low of $53.17 and a 1 year high of $75.49.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings data on Wednesday, February 12th. The construction company reported $2.64 earnings per share (EPS) for the quarter, beating 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 analysts expect that Taylor Morrison Home Co. will post 8.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TMHC. 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. JPMorgan Chase & Co. decreased their price objective on Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. Wolfe Research upgraded Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price objective for the company in a report on Wednesday, January 8th. Royal Bank of Canada raised their target price on Taylor Morrison Home from $72.00 to $74.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Finally, StockNews.com cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Taylor Morrison Home has a consensus rating of “Moderate Buy” and an average price target of $82.43.

Insider Transactions at Taylor Morrison Home

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

About Taylor Morrison Home

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.