Wells Fargo & Company MN Sells 34,191 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Wells Fargo & Company MN lessened its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 23.1% during the 4th quarter, Holdings Channel reports. The firm owned 114,045 shares of the construction company’s stock after selling 34,191 shares during the period. Wells Fargo & Company MN’s holdings in Taylor Morrison Home were worth $6,981,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TMHC. V Square Quantitative Management LLC lifted its position in Taylor Morrison Home by 68.1% during the fourth quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company’s stock valued at $42,000 after purchasing an additional 277 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position 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. SRS Capital Advisors Inc. purchased a new stake in shares of Taylor Morrison Home in the fourth quarter valued at approximately $51,000. Smartleaf Asset Management LLC grew its position 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 worth $51,000 after buying an additional 243 shares in the last quarter. Finally, R Squared Ltd bought a new position in Taylor Morrison Home during the 4th quarter worth about $61,000. Institutional investors own 95.16% of the company’s stock.

Insider Buying and Selling at Taylor Morrison Home

In other news, CAO Joseph Terracciano sold 1,537 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total transaction of $93,372.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director David C. Merritt sold 2,402 shares of the company’s stock in a transaction dated Tuesday, February 25th. The stock was 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 currently owned by company insiders.

Taylor Morrison Home Stock Performance

TMHC opened at $56.44 on Friday. The company has a quick ratio of 0.94, a current ratio of 6.39 and a debt-to-equity ratio of 0.36. 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 price-to-earnings ratio of 6.82 and a beta of 1.76. The firm’s fifty day simple moving average is $59.78 and its two-hundred day simple moving average is $64.33.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings data on Wednesday, February 12th. The construction company reported $2.64 earnings per share for the quarter, beating analysts’ consensus estimates of $2.40 by $0.24. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. Equities analysts anticipate that Taylor Morrison Home Co. will post 8.93 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on TMHC shares. BTIG Research set a $75.00 target price on Taylor Morrison Home and gave the company a “buy” rating in a research report on Wednesday. Wolfe Research raised shares of Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 target price on the stock in a research report on Wednesday, January 8th. Seaport Res Ptn raised Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Thursday, March 6th. JPMorgan Chase & Co. reduced their target price on shares of Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. Finally, StockNews.com cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.