First Eagle Investment Management LLC Raises Stock Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

First Eagle Investment Management LLC boosted its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 13.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 222,301 shares of the construction company’s stock after purchasing an additional 26,800 shares during the quarter. First Eagle Investment Management LLC owned approximately 0.21% of Taylor Morrison Home worth $13,607,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. V Square Quantitative Management LLC lifted its position in shares of Taylor Morrison Home by 68.1% during the fourth quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company’s stock worth $42,000 after purchasing an additional 277 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake 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 buying an additional 243 shares in the last quarter. SRS Capital Advisors Inc. acquired a new stake in Taylor Morrison Home during the fourth quarter valued at approximately $51,000. Smartleaf Asset Management LLC lifted its holdings in 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, Peterson Financial Group Inc. acquired a new position in shares of Taylor Morrison Home in the 3rd quarter worth approximately $62,000. 95.16% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Joseph Terracciano sold 1,537 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total transaction of $93,372.75. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director David C. Merritt sold 2,402 shares of the firm’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 disclosure for this sale can be found here. Corporate insiders own 3.50% of the company’s stock.

Analyst Upgrades and Downgrades

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

Taylor Morrison Home Stock Performance

TMHC opened at $58.64 on Friday. 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 business’s 50 day moving average is $62.82 and its 200-day moving average is $66.07. The stock has a market cap of $5.97 billion, a PE 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 earnings results 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%. On average, analysts predict that Taylor Morrison Home Co. will post 8.93 earnings per share for the current year.

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.