Proficio Capital Partners LLC Takes Position in Taylor Morrison Home Co. (NYSE:TMHC)

Proficio Capital Partners LLC purchased a new position in Taylor Morrison Home Co. (NYSE:TMHC) in the 4th quarter, HoldingsChannel reports. The firm purchased 73,330 shares of the construction company’s stock, valued at approximately $4,489,000.

Several other large investors also recently added to or reduced their stakes in the stock. KBC Group NV boosted its holdings in shares of Taylor Morrison Home by 20.8% in the 3rd quarter. KBC Group NV now owns 3,121 shares of the construction company’s stock worth $219,000 after purchasing an additional 538 shares during the period. CIBC Asset Management Inc bought a new stake in Taylor Morrison Home in the third quarter worth $220,000. Natixis Advisors LLC boosted its stake in Taylor Morrison Home by 14.1% during the third quarter. Natixis Advisors LLC now owns 21,862 shares of the construction company’s stock worth $1,536,000 after buying an additional 2,705 shares during the period. Pathstone Holdings LLC increased its position in Taylor Morrison Home by 1.3% during the third quarter. Pathstone Holdings LLC now owns 78,824 shares of the construction company’s stock valued at $5,538,000 after acquiring an additional 1,044 shares during the last quarter. Finally, Strategy Asset Managers LLC purchased a new stake in shares of Taylor Morrison Home in the third quarter valued at $207,000. 95.16% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TMHC. Wolfe Research raised shares of Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price target for the company in a research note on Wednesday, January 8th. StockNews.com lowered Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Barclays upgraded Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $75.00 to $90.00 in a report on Wednesday, December 11th. Seaport Res Ptn upgraded Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Thursday, March 6th. Finally, JPMorgan Chase & Co. reduced their target price on Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Taylor Morrison Home has a consensus rating of “Moderate Buy” and a consensus price target of $82.43.

Taylor Morrison Home Stock Up 0.4 %

NYSE:TMHC opened at $58.91 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.39 and a quick ratio of 0.94. The firm has a market cap of $5.99 billion, a PE ratio of 7.11 and a beta of 2.06. The company has a 50-day moving average of $62.79 and a 200 day moving average of $66.00. 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 announced its quarterly 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 net margin of 10.81% and a return on equity of 16.50%. As a group, research analysts anticipate that Taylor Morrison Home Co. will post 8.93 EPS for the current fiscal year.

Insider Buying and Selling at Taylor Morrison Home

In other Taylor Morrison Home news, Director David C. Merritt sold 2,402 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total transaction of $153,679.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Joseph Terracciano sold 1,537 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The shares were 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. Insiders own 3.50% of the company’s stock.

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.