Mitsubishi UFJ Trust & Banking Corp Acquires 10,847 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Mitsubishi UFJ Trust & Banking Corp grew its holdings in Taylor Morrison Home Co. (NYSE:TMHC) by 26.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 51,189 shares of the construction company’s stock after buying an additional 10,847 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Taylor Morrison Home were worth $3,133,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. V Square Quantitative Management LLC lifted its holdings in 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 valued at $42,000 after purchasing an additional 277 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted 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 buying an additional 243 shares during the last quarter. SRS Capital Advisors Inc. acquired a new stake in shares of Taylor Morrison Home during the 4th quarter worth about $51,000. Smartleaf Asset Management LLC boosted its holdings 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 during the period. Finally, R Squared Ltd acquired a new position in Taylor Morrison Home in the 4th quarter valued at about $61,000. 95.16% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Taylor Morrison Home

In related news, Director David C. Merritt sold 2,402 shares of the firm’s stock in a transaction 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 filing with the SEC, which is accessible through the SEC website. Also, CAO Joseph Terracciano sold 1,537 shares of the company’s stock in a transaction dated Tuesday, March 11th. The stock was 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. Company insiders own 3.50% of the company’s stock.

Taylor Morrison Home Trading Up 0.1 %

Shares of TMHC stock opened at $60.03 on Tuesday. Taylor Morrison Home Co. has a fifty-two week low of $53.17 and a fifty-two week high of $75.49. The stock’s fifty day moving average price is $62.29 and its two-hundred day moving average price is $65.67. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.94 and a current ratio of 6.39. The company has a market cap of $6.11 billion, a PE ratio of 7.25 and a beta of 2.06.

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

Wall Street Analysts Forecast Growth

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

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.