Global Retirement Partners LLC Buys 978 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Global Retirement Partners LLC boosted its holdings in Taylor Morrison Home Co. (NYSE:TMHC) by 89.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,066 shares of the construction company’s stock after buying an additional 978 shares during the period. Global Retirement Partners LLC’s holdings in Taylor Morrison Home were worth $126,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Harbor Capital Advisors Inc. purchased a new stake in Taylor Morrison Home during the third quarter worth $34,000. V Square Quantitative Management LLC boosted its stake in shares of Taylor Morrison Home by 68.1% during the 4th quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company’s stock worth $42,000 after acquiring an additional 277 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Taylor Morrison Home by 43.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company’s stock worth $49,000 after acquiring an additional 243 shares in the last quarter. R Squared Ltd purchased a new position in Taylor Morrison Home in the 4th quarter valued at about $61,000. Finally, Peterson Financial Group Inc. purchased a new position in Taylor Morrison Home in the 3rd quarter valued at about $62,000. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Insider Activity

In other 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 transaction of $153,679.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 3.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Barclays upgraded shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $75.00 to $90.00 in a report on Wednesday, December 11th. Royal Bank of Canada boosted their price target on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Seaport Res Ptn lowered shares of Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a research note on Monday, January 27th. Wolfe Research upgraded shares of Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price target on the stock in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $82.43.

Taylor Morrison Home Stock Performance

Shares of TMHC opened at $62.28 on Thursday. The firm’s 50 day moving average is $62.87 and its 200-day moving average is $66.32. The stock has a market capitalization of $6.44 billion, a P/E ratio of 7.52 and a beta of 2.03. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.39 and a quick ratio of 0.94. Taylor Morrison Home Co. has a 12-month low of $53.17 and a 12-month high of $75.49.

Taylor Morrison Home (NYSE:TMHC) last announced its 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 net margin of 10.81% and a return on equity of 16.50%. Equities research analysts anticipate that Taylor Morrison Home Co. will post 8.93 EPS for the current fiscal year.

Taylor Morrison Home Company 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.