Taylor Morrison Home Co. (NYSE:TMHC) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 3.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 166,145 shares of the construction company’s stock after buying an additional 5,319 shares during the period. Envestnet Asset Management Inc. owned 0.16% of Taylor Morrison Home worth $10,170,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. V Square Quantitative Management LLC lifted its holdings in Taylor Morrison Home by 68.1% in the fourth quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company’s stock valued at $42,000 after acquiring an additional 277 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in Taylor Morrison Home by 43.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company’s stock worth $49,000 after purchasing an additional 243 shares during the period. SRS Capital Advisors Inc. purchased a new stake in Taylor Morrison Home during the 4th quarter worth approximately $51,000. Smartleaf Asset Management LLC increased its position in shares of Taylor Morrison Home by 41.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company’s stock worth $51,000 after acquiring an additional 243 shares during the period. Finally, R Squared Ltd acquired a new stake in Taylor Morrison Home in the 4th quarter valued at about $61,000. Institutional investors and hedge funds own 95.16% of the company’s stock.

Taylor Morrison Home Stock Up 2.8 %

TMHC stock opened at $56.44 on Friday. 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 company’s 50-day moving average price is $59.78 and its 200 day moving average price is $64.33. Taylor Morrison Home Co. has a 52 week low of $51.90 and a 52 week high of $75.49. The company has a market cap of $5.74 billion, a P/E ratio of 6.82 and a beta of 1.76.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings results on Wednesday, February 12th. The construction company reported $2.64 EPS 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%. On average, research analysts expect that Taylor Morrison Home Co. will post 8.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Taylor Morrison Home

In related news, Director David C. Merritt sold 2,402 shares of the company’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 document filed with the SEC, which is accessible through this hyperlink. Also, CAO Joseph Terracciano sold 1,537 shares of the 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 disclosure for this sale can be found here. 3.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

TMHC has been the topic of a number of analyst reports. StockNews.com lowered shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Royal Bank of Canada increased their price objective on Taylor Morrison Home from $72.00 to $74.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Barclays dropped their price target on Taylor Morrison Home from $90.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. BTIG Research set a $75.00 price target on shares of Taylor Morrison Home and gave the stock a “buy” rating in a research note on Wednesday. Finally, Seaport Res Ptn raised shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Thursday, March 6th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $78.00.

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.