Canada Pension Plan Investment Board Acquires New Position in Taylor Morrison Home Co. (NYSE:TMHC)

Canada Pension Plan Investment Board purchased a new stake in Taylor Morrison Home Co. (NYSE:TMHCFree Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 177,900 shares of the construction company’s stock, valued at approximately $7,580,000. Canada Pension Plan Investment Board owned about 0.17% of Taylor Morrison Home at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in TMHC. IFP Advisors Inc lifted its stake in Taylor Morrison Home by 138.9% in the third quarter. IFP Advisors Inc now owns 614 shares of the construction company’s stock valued at $26,000 after acquiring an additional 357 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in Taylor Morrison Home in the first quarter valued at $44,000. Ronald Blue Trust Inc. lifted its stake in shares of Taylor Morrison Home by 3,911.1% during the 3rd quarter. Ronald Blue Trust Inc. now owns 1,083 shares of the construction company’s stock worth $46,000 after buying an additional 1,056 shares during the last quarter. West Tower Group LLC bought a new stake in shares of Taylor Morrison Home during the 2nd quarter worth about $56,000. Finally, Quantbot Technologies LP acquired a new position in Taylor Morrison Home in the 1st quarter valued at about $77,000. Institutional investors and hedge funds own 95.32% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on TMHC. Deutsche Bank Aktiengesellschaft upgraded shares of Taylor Morrison Home from a “hold” rating to a “buy” rating and raised their price objective for the stock from $50.00 to $57.00 in a research report on Friday, December 8th. Royal Bank of Canada raised Taylor Morrison Home from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $43.00 to $57.00 in a report on Friday, January 12th. StockNews.com cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Wednesday, January 17th. Seaport Res Ptn cut Taylor Morrison Home from a “buy” rating to a “neutral” rating in a research report on Monday, January 22nd. Finally, Wedbush reiterated a “neutral” rating and set a $52.00 price objective on shares of Taylor Morrison Home in a research report on Monday, December 18th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $55.40.

Get Our Latest Stock Analysis on TMHC

Taylor Morrison Home Stock Up 3.7 %

Shares of NYSE TMHC opened at $55.93 on Tuesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.97 and a current ratio of 5.78. Taylor Morrison Home Co. has a 52 week low of $34.10 and a 52 week high of $56.11. The stock has a market capitalization of $6.01 billion, a P/E ratio of 7.07 and a beta of 1.85. The stock’s fifty day moving average is $51.95 and its 200 day moving average is $46.95.

Insider Buying and Selling

In related news, Director William H. Lyon sold 2,285 shares of the firm’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $54.01, for a total value of $123,412.85. Following the transaction, the director now owns 17,744 shares in the company, valued at $958,353.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director William H. Lyon sold 2,285 shares of the firm’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $54.01, for a total value of $123,412.85. Following the transaction, the director now owns 17,744 shares in the company, valued at $958,353.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William H. Lyon sold 139,661 shares of the firm’s stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $54.10, for a total value of $7,555,660.10. Following the completion of the sale, the director now directly owns 85,570 shares in the company, valued at $4,629,337. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 142,043 shares of company stock worth $7,684,311. Company insiders own 5.20% of the company’s stock.

About Taylor Morrison Home

(Free Report)

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 also develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name; and offers title insurance and closing settlement services, as well as financial services.

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

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