Assetmark Inc. Buys 581 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Assetmark Inc. raised its stake in shares of Taylor Morrison Home Co. (NYSE:TMHCGet Rating) by 47.6% in the 3rd quarter, Holdings Channel reports. The firm owned 1,802 shares of the construction company’s stock after purchasing an additional 581 shares during the quarter. Assetmark Inc.’s holdings in Taylor Morrison Home were worth $42,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. AQR Capital Management LLC lifted its stake in Taylor Morrison Home by 212.1% in the second quarter. AQR Capital Management LLC now owns 1,291,450 shares of the construction company’s stock valued at $29,096,000 after buying an additional 877,614 shares during the period. Prudential Financial Inc. lifted its stake in Taylor Morrison Home by 156.5% in the second quarter. Prudential Financial Inc. now owns 873,642 shares of the construction company’s stock valued at $20,409,000 after buying an additional 532,985 shares during the period. JPMorgan Chase & Co. lifted its stake in Taylor Morrison Home by 41.0% in the second quarter. JPMorgan Chase & Co. now owns 1,114,057 shares of the construction company’s stock valued at $26,025,000 after buying an additional 323,961 shares during the period. Invesco Ltd. lifted its stake in Taylor Morrison Home by 19.5% in the first quarter. Invesco Ltd. now owns 1,743,697 shares of the construction company’s stock valued at $47,464,000 after buying an additional 285,099 shares during the period. Finally, Millennium Management LLC lifted its stake in Taylor Morrison Home by 206.1% in the second quarter. Millennium Management LLC now owns 406,172 shares of the construction company’s stock valued at $9,488,000 after buying an additional 273,476 shares during the period. 96.33% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. StockNews.com raised Taylor Morrison Home from a “hold” rating to a “buy” rating in a research note on Tuesday, January 10th. Barclays upped their target price on Taylor Morrison Home from $30.00 to $35.00 in a research report on Wednesday, December 14th. TheStreet lowered Taylor Morrison Home from a “b-” rating to a “c+” rating in a research report on Tuesday, September 27th. JPMorgan Chase & Co. upped their target price on Taylor Morrison Home from $29.50 to $39.50 in a research report on Tuesday, November 22nd. Finally, BTIG Research lowered Taylor Morrison Home from a “buy” rating to a “neutral” rating in a research report on Thursday, October 27th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $32.36.

Taylor Morrison Home Trading Up 1.8 %

NYSE TMHC opened at $32.85 on Monday. The firm has a market capitalization of $3.56 billion, a P/E ratio of 3.73 and a beta of 1.67. The business has a fifty day simple moving average of $30.57 and a 200 day simple moving average of $27.57. Taylor Morrison Home Co. has a 12 month low of $20.05 and a 12 month high of $34.02. The company has a current ratio of 5.24, a quick ratio of 0.57 and a debt-to-equity ratio of 0.62.

Taylor Morrison Home (NYSE:TMHCGet Rating) last released its quarterly earnings results on Wednesday, October 26th. The construction company reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.50 by $0.22. The business had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.18 billion. Taylor Morrison Home had a return on equity of 24.70% and a net margin of 12.75%. On average, analysts predict that Taylor Morrison Home Co. will post 9.39 EPS for the current fiscal year.

Insider Activity at Taylor Morrison Home

In related news, Director David C. Merritt sold 8,737 shares of the stock in a transaction on Wednesday, January 4th. The stock was sold at an average price of $32.00, for a total value of $279,584.00. Following the completion of the sale, the director now directly owns 2,402 shares of the company’s stock, valued at approximately $76,864. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Taylor Morrison Home news, Director David C. Merritt sold 8,737 shares of the company’s stock in a transaction on Wednesday, January 4th. The stock was sold at an average price of $32.00, for a total value of $279,584.00. Following the completion of the transaction, the director now owns 2,402 shares in the company, valued at approximately $76,864. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Darrell Sherman sold 8,782 shares of the company’s stock in a transaction on Tuesday, December 13th. The shares were sold at an average price of $32.31, for a total value of $283,746.42. Following the completion of the transaction, the executive vice president now owns 100,506 shares of the company’s stock, valued at approximately $3,247,348.86. The disclosure for this sale can be found here. In the last three months, insiders sold 17,819 shares of company stock valued at $573,530. 5.20% of the stock is owned by insiders.

Taylor Morrison Home Profile

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Taylor Morrison Home Corp. engages in the business of residential homebuilding and the development of lifestyle communities. It operates through the following segments: East, Central, West, and Financial Services. The East segment includes operations in Atlanta, Charlotte, Chicago, Orlando, Raleigh, Southwest Florida, and Tampa regions.

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Institutional Ownership by Quarter for Taylor Morrison Home (NYSE:TMHC)

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