Sawgrass Asset Management LLC purchased a new stake in Taylor Morrison Home Corporation (NYSE:TMHC) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 46,670 shares of the construction company’s stock, valued at approximately $1,142,000.
Several other institutional investors and hedge funds also recently bought and sold shares of TMHC. Greenhaven Associates Inc. boosted its stake in shares of Taylor Morrison Home by 94.9% in the 3rd quarter. Greenhaven Associates Inc. now owns 2,526,244 shares of the construction company’s stock valued at $55,704,000 after purchasing an additional 1,229,844 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Taylor Morrison Home by 31.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,591,375 shares of the construction company’s stock valued at $101,239,000 after purchasing an additional 1,089,798 shares in the last quarter. State Street Corp boosted its stake in shares of Taylor Morrison Home by 80.9% in the 2nd quarter. State Street Corp now owns 1,902,461 shares of the construction company’s stock valued at $45,680,000 after purchasing an additional 850,685 shares in the last quarter. Maltese Capital Management LLC acquired a new stake in shares of Taylor Morrison Home in the 4th quarter valued at approximately $10,400,000. Finally, First Quadrant L P CA boosted its stake in shares of Taylor Morrison Home by 237.6% in the 3rd quarter. First Quadrant L P CA now owns 373,597 shares of the construction company’s stock valued at $8,238,000 after purchasing an additional 262,945 shares in the last quarter. Institutional investors own 64.57% of the company’s stock.
Taylor Morrison Home Corporation (NYSE TMHC) opened at $24.26 on Thursday. The stock has a market cap of $2,858.61, a P/E ratio of 12.08, a P/E/G ratio of 0.77 and a beta of 1.44. Taylor Morrison Home Corporation has a fifty-two week low of $19.18 and a fifty-two week high of $28.42. The company has a quick ratio of 0.81, a current ratio of 6.85 and a debt-to-equity ratio of 0.63.
Taylor Morrison Home declared that its board has initiated a stock repurchase program on Wednesday, January 3rd that permits the company to buyback $200.00 million in shares. This buyback authorization permits the construction company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.
In other Taylor Morrison Home news, insider Group Holdings (Sbs) Advis Tpg sold 1,499,732 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $27.14, for a total transaction of $40,702,726.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.40% of the stock is currently owned by company insiders.
TMHC has been the topic of a number of research analyst reports. ValuEngine downgraded shares of Taylor Morrison Home from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 2nd. Citigroup upgraded shares of Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Tuesday, January 2nd. Barclays set a $28.00 price objective on shares of Taylor Morrison Home and gave the company an “equal weight” rating in a report on Thursday, February 8th. BidaskClub lowered shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Saturday, November 4th. Finally, Wedbush reiterated a “neutral” rating and issued a $27.00 price objective on shares of Taylor Morrison Home in a report on Friday, January 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. Taylor Morrison Home currently has a consensus rating of “Buy” and a consensus target price of $28.22.
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Taylor Morrison Home Company Profile
Taylor Morrison Home Corporation is a homebuilder, which designs, builds and sells single-family detached and attached homes. The Company is also a land developer, with a portfolio of lifestyle and master-planned communities. Its segments include East, which includes Atlanta, Charlotte, North Florida, Raleigh, Southwest Florida and Tampa; Central, which includes Austin, Dallas, and Houston (each of the Dallas and Houston markets include both a Taylor Morrison division and a Darling Homes division); West, which includes Bay Area, Chicago, Denver, Phoenix, Sacramento and Southern California, and Mortgage Operations, which includes Taylor Morrison Home Funding, LLC (TMHF) and Inspired Title Services, LLC (Inspired Title).
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