Bailard Inc. Acquires New Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

Bailard Inc. acquired a new stake in Taylor Morrison Home Co. (NYSE:TMHC) in the 4th quarter, Holdings Channel.com reports. The fund acquired 12,300 shares of the construction company’s stock, valued at approximately $656,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Nordea Investment Management AB grew its position in shares of Taylor Morrison Home by 30.4% in the 4th quarter. Nordea Investment Management AB now owns 108,431 shares of the construction company’s stock valued at $5,823,000 after purchasing an additional 25,250 shares during the period. Teachers Retirement System of The State of Kentucky grew its position in shares of Taylor Morrison Home by 89.4% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 38,103 shares of the construction company’s stock valued at $1,623,000 after purchasing an additional 17,986 shares during the period. TFB Advisors LLC bought a new stake in Taylor Morrison Home in the 4th quarter valued at approximately $207,000. Rhumbline Advisers lifted its stake in Taylor Morrison Home by 0.3% in the 3rd quarter. Rhumbline Advisers now owns 388,101 shares of the construction company’s stock valued at $16,537,000 after acquiring an additional 1,053 shares in the last quarter. Finally, Raymond James & Associates lifted its stake in Taylor Morrison Home by 91.9% in the 3rd quarter. Raymond James & Associates now owns 51,591 shares of the construction company’s stock valued at $2,198,000 after acquiring an additional 24,701 shares in the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Taylor Morrison Home

In related news, CAO Joseph Terracciano sold 724 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $55.87, for a total value of $40,449.88. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CAO Joseph Terracciano sold 724 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $55.87, for a total value of $40,449.88. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director William H. Lyon sold 20,896 shares of the stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $56.01, for a total value of $1,170,384.96. Following the completion of the sale, the director now owns 2,837,020 shares in the company, valued at approximately $158,901,490.20. The disclosure for this sale can be found here. Insiders have sold a total of 613,537 shares of company stock worth $36,409,767 in the last 90 days. Corporate insiders own 5.50% of the company’s stock.

Taylor Morrison Home Trading Up 2.3 %

Shares of Taylor Morrison Home stock opened at $57.56 on Friday. Taylor Morrison Home Co. has a 12-month low of $37.23 and a 12-month high of $62.64. The stock has a market cap of $6.13 billion, a P/E ratio of 8.25 and a beta of 1.87. The company has a quick ratio of 1.13, a current ratio of 6.00 and a debt-to-equity ratio of 0.38. The business’s 50 day moving average is $57.49 and its 200-day moving average is $51.37.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings data on Wednesday, February 14th. The construction company reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.23. Taylor Morrison Home had a return on equity of 16.21% and a net margin of 10.37%. The company had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the prior year, the business posted $2.93 EPS. The business’s revenue was down 19.0% compared to the same quarter last year. Equities research analysts predict that Taylor Morrison Home Co. will post 7.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on TMHC. Zelman & Associates upgraded Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a research note on Friday, April 12th. Barclays boosted their target price on Taylor Morrison Home from $55.00 to $60.00 and gave the company an “equal weight” rating in a research note on Thursday, February 15th. Seaport Res Ptn cut Taylor Morrison Home from a “buy” rating to a “neutral” rating in a research note on Monday, January 22nd. Royal Bank of Canada boosted their target price on Taylor Morrison Home from $57.00 to $61.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Finally, StockNews.com cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $57.20.

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.