Hodges Capital Management Inc. Increases Stock Position in Taylor Morrison Home Co. (NYSE:TMHC)

Hodges Capital Management Inc. raised its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 12.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 411,366 shares of the construction company’s stock after purchasing an additional 45,139 shares during the quarter. Taylor Morrison Home accounts for about 1.5% of Hodges Capital Management Inc.’s holdings, making the stock its 17th biggest holding. Hodges Capital Management Inc. owned approximately 0.40% of Taylor Morrison Home worth $25,180,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Creative Planning lifted its stake in Taylor Morrison Home by 21.1% during the second quarter. Creative Planning now owns 20,315 shares of the construction company’s stock worth $1,126,000 after purchasing an additional 3,533 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of Taylor Morrison Home by 38.6% during the 2nd quarter. Cetera Investment Advisers now owns 25,446 shares of the construction company’s stock valued at $1,411,000 after buying an additional 7,086 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in Taylor Morrison Home in the 2nd quarter worth approximately $766,000. SG Americas Securities LLC grew its position in Taylor Morrison Home by 121.6% during the third quarter. SG Americas Securities LLC now owns 5,327 shares of the construction company’s stock valued at $374,000 after acquiring an additional 2,923 shares during the last quarter. Finally, Park Avenue Securities LLC grew its position in Taylor Morrison Home by 17.8% during the third quarter. Park Avenue Securities LLC now owns 6,163 shares of the construction company’s stock valued at $433,000 after acquiring an additional 932 shares during the last quarter. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on TMHC. Wedbush raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and increased their target price for the company from $65.00 to $85.00 in a report on Friday, October 25th. JPMorgan Chase & Co. reduced their price objective on Taylor Morrison Home from $101.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, December 13th. Royal Bank of Canada increased their target price on Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Wolfe Research raised 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, StockNews.com lowered Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $84.00.

Insider Transactions at Taylor Morrison Home

In related news, Director William H. Lyon sold 9,075 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $72.08, for a total transaction of $654,126.00. Following the completion of the transaction, the director now directly owns 2,136,241 shares of the company’s stock, valued at approximately $153,980,251.28. This trade represents a 0.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 3.50% of the company’s stock.

Taylor Morrison Home Stock Performance

Shares of TMHC stock opened at $64.38 on Monday. The firm has a market capitalization of $6.66 billion, a PE ratio of 8.52 and a beta of 2.03. Taylor Morrison Home Co. has a 52 week low of $51.18 and a 52 week high of $75.49. The company has a quick ratio of 0.69, a current ratio of 6.24 and a debt-to-equity ratio of 0.37. The company has a 50 day moving average price of $65.24 and a 200-day moving average price of $66.49.

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.