Massachusetts Financial Services Co. MA Grows Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

Massachusetts Financial Services Co. MA raised its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHCFree Report) by 529.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,214 shares of the construction company’s stock after buying an additional 28,782 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Taylor Morrison Home were worth $1,458,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. lifted its position in Taylor Morrison Home by 14.6% during the second quarter. BlackRock Inc. now owns 16,885,291 shares of the construction company’s stock valued at $823,496,000 after purchasing an additional 2,146,779 shares during the last quarter. Acadian Asset Management LLC grew its position in Taylor Morrison Home by 1,182.0% in the second quarter. Acadian Asset Management LLC now owns 2,193,821 shares of the construction company’s stock worth $106,972,000 after acquiring an additional 2,022,694 shares in the last quarter. Norges Bank bought a new position in Taylor Morrison Home in the fourth quarter valued at $32,973,000. Balyasny Asset Management L.P. purchased a new stake in Taylor Morrison Home during the first quarter valued at about $34,770,000. Finally, Envestnet Asset Management Inc. lifted its stake in Taylor Morrison Home by 946.5% during the first quarter. Envestnet Asset Management Inc. now owns 530,529 shares of the construction company’s stock worth $1,218,000 after purchasing an additional 479,832 shares during the last quarter. 95.32% of the stock is currently owned by institutional investors.

Taylor Morrison Home Price Performance

Shares of Taylor Morrison Home stock opened at $55.93 on Tuesday. The company’s fifty day simple moving average is $51.95 and its two-hundred day simple moving average is $46.95. Taylor Morrison Home Co. has a 12-month low of $34.10 and a 12-month high of $56.11. The firm has a market cap of $6.01 billion, a PE ratio of 7.07 and a beta of 1.85. The company has a quick ratio of 0.97, a current ratio of 5.78 and a debt-to-equity ratio of 0.38.

Analyst Upgrades and Downgrades

TMHC has been the topic of several recent research reports. Barclays increased their price objective on Taylor Morrison Home from $47.00 to $55.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 13th. Wedbush reaffirmed a “neutral” rating and issued a $52.00 price objective on shares of Taylor Morrison Home in a research note on Monday, December 18th. Royal Bank of Canada upgraded shares of Taylor Morrison Home from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $43.00 to $57.00 in a research report on Friday, January 12th. Seaport Res Ptn downgraded shares of Taylor Morrison Home from a “buy” rating to a “neutral” rating in a research note on Monday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft raised Taylor Morrison Home from a “hold” rating to a “buy” rating and raised their price objective for the company from $50.00 to $57.00 in a research note on Friday, December 8th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Taylor Morrison Home currently has an average rating of “Hold” and a consensus price target of $55.40.

View Our Latest Analysis on Taylor Morrison Home

Insider Buying and Selling at Taylor Morrison Home

In other news, 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 of the company’s stock, valued at approximately $4,629,337. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director William H. Lyon sold 2,285 shares of the stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $54.01, for a total value of $123,412.85. Following the completion of the transaction, the director now directly owns 17,744 shares in the company, valued at approximately $958,353.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William H. Lyon sold 139,661 shares of the firm’s stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $54.10, for a total transaction of $7,555,660.10. Following the transaction, the director now directly owns 85,570 shares of the company’s stock, valued at approximately $4,629,337. The disclosure for this sale can be found here. Insiders sold 142,043 shares of company stock valued at $7,684,311 in the last 90 days. Insiders own 5.20% of the company’s stock.

Taylor Morrison Home Company Profile

(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.

Featured Stories

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

Receive News & Ratings for Taylor Morrison Home Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taylor Morrison Home and related companies with MarketBeat.com's FREE daily email newsletter.