BNP Paribas Financial Markets Cuts Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

BNP Paribas Financial Markets decreased its holdings in Taylor Morrison Home Co. (NYSE:TMHC) by 21.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 83,704 shares of the construction company’s stock after selling 23,334 shares during the period. BNP Paribas Financial Markets’ holdings in Taylor Morrison Home were worth $5,124,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. V Square Quantitative Management LLC boosted its position 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 acquiring an additional 277 shares in the last quarter. Quarry LP boosted its position in Taylor Morrison Home by 202.1% during the fourth quarter. Quarry LP now owns 704 shares of the construction company’s stock valued at $43,000 after purchasing an additional 471 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position 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 valued at $49,000 after purchasing an additional 243 shares in the last quarter. SRS Capital Advisors Inc. purchased a new position in Taylor Morrison Home in the fourth quarter valued at about $51,000. Finally, Smartleaf Asset Management LLC raised its holdings in Taylor Morrison Home by 41.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company’s stock worth $51,000 after purchasing an additional 243 shares in the last quarter. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Insider Transactions at Taylor Morrison Home

In other Taylor Morrison Home news, Director David C. Merritt sold 2,402 shares of the company’s stock in a transaction on Tuesday, February 25th. The shares were 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 available through this hyperlink. Also, CAO Joseph Terracciano sold 1,537 shares of the 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 1.40% of the company’s stock.

Taylor Morrison Home Trading Up 0.8%

NYSE TMHC opened at $61.26 on Wednesday. Taylor Morrison Home Co. has a 12-month low of $51.90 and a 12-month high of $75.49. The company has a fifty day simple moving average of $58.42 and a two-hundred day simple moving average of $63.12. 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 stock has a market cap of $6.15 billion, a P/E ratio of 7.40 and a beta of 1.68.

Taylor Morrison Home (NYSE:TMHC) last issued its earnings results on Wednesday, April 23rd. The construction company reported $2.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.33. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter last year, the business posted $1.75 EPS. The firm’s quarterly revenue was up 11.5% on a year-over-year basis. On average, analysts forecast that Taylor Morrison Home Co. will post 8.93 earnings per share for the current year.

Analyst Ratings Changes

TMHC has been the topic of a number of recent analyst reports. Seaport Res Ptn upgraded shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Thursday, March 6th. BTIG Research set a $75.00 target price on shares of Taylor Morrison Home and gave the company a “buy” rating in a research report on Wednesday, April 16th. Wedbush reaffirmed an “outperform” rating and issued a $85.00 price target on shares of Taylor Morrison Home in a report on Wednesday, April 23rd. 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. Finally, Barclays set a $69.00 price objective on Taylor Morrison Home and gave the stock an “overweight” rating in a research report on Thursday, April 24th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $76.88.

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.