Taylor Morrison Home Co. (NYSE:TMHC) Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ trimmed its position in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 52.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 53,600 shares of the construction company’s stock after selling 58,000 shares during the period. Skandinaviska Enskilda Banken AB publ owned approximately 0.05% of Taylor Morrison Home worth $3,275,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. V Square Quantitative Management LLC increased its holdings in shares of 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 worth $42,000 after buying an additional 277 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings 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 $51,000. Smartleaf Asset Management LLC increased 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 last quarter. Finally, R Squared Ltd acquired a new stake in shares of Taylor Morrison Home during the 4th quarter worth $61,000. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Taylor Morrison Home Stock Up 1.0 %

TMHC stock opened at $58.64 on Monday. 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 firm has a 50 day simple moving average of $62.82 and a 200-day simple moving average of $66.06. The company has a market capitalization of $5.97 billion, a P/E ratio of 7.08 and a beta of 2.06. Taylor Morrison Home Co. has a twelve month low of $53.17 and a twelve month high of $75.49.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings data 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%. On average, equities research analysts predict that Taylor Morrison Home Co. will post 8.93 earnings per share for the current fiscal year.

Insider Activity at Taylor Morrison Home

In other news, Director David C. Merritt sold 2,402 shares of the firm’s stock in a transaction dated 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 filing with the SEC, which is available through this hyperlink. Also, CAO Joseph Terracciano sold 1,537 shares of the business’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. 3.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have commented on TMHC shares. Seaport Res Ptn raised Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 6th. StockNews.com downgraded Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Barclays upgraded Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $75.00 to $90.00 in a report on Wednesday, December 11th. Wolfe Research upgraded shares of Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price objective on the stock in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada boosted their target price on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $82.43.

About Taylor Morrison Home

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.