Anchor Investment Management LLC Takes $240,000 Position in Taylor Morrison Home Co. (NYSE:TMHC)

Anchor Investment Management LLC purchased a new stake in Taylor Morrison Home Co. (NYSE:TMHCFree Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 4,500 shares of the construction company’s stock, valued at approximately $240,000.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. increased its stake in Taylor Morrison Home by 14.6% in the 2nd 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 in the last quarter. Vanguard Group Inc. increased its stake in Taylor Morrison Home by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 11,404,759 shares of the construction company’s stock valued at $485,957,000 after purchasing an additional 217,222 shares in the last quarter. State Street Corp increased its stake in Taylor Morrison Home by 0.9% in the 2nd quarter. State Street Corp now owns 4,252,382 shares of the construction company’s stock valued at $207,389,000 after purchasing an additional 39,920 shares in the last quarter. Macquarie Group Ltd. increased its stake in Taylor Morrison Home by 2.3% in the 1st quarter. Macquarie Group Ltd. now owns 3,299,615 shares of the construction company’s stock valued at $126,243,000 after purchasing an additional 73,272 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. increased its stake in Taylor Morrison Home by 117.0% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 3,180,341 shares of the construction company’s stock valued at $135,514,000 after purchasing an additional 1,714,897 shares in the last quarter. 95.32% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Taylor Morrison Home

In other news, Director William H. Lyon sold 2,285 shares of the company’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $54.01, for a total value of $123,412.85. Following the completion of the sale, the director now owns 17,744 shares of the company’s stock, valued at $958,353.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CAO Joseph Terracciano sold 724 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $55.87, for a total value of $40,449.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 of the company’s stock, valued at approximately $958,353.44. The disclosure for this sale can be found here. Insiders sold 338,580 shares of company stock valued at $19,003,998 over the last quarter. Company insiders own 5.50% of the company’s stock.

Analyst Ratings Changes

TMHC has been the subject of several recent research reports. Wedbush reissued a “neutral” rating and set a $52.00 price target on shares of Taylor Morrison Home in a research report on Monday, December 18th. StockNews.com raised Taylor Morrison Home from a “hold” rating to a “buy” rating in a research report on Tuesday, March 12th. Seaport Res Ptn downgraded Taylor Morrison Home from a “buy” rating to a “neutral” rating in a research report on Monday, January 22nd. Deutsche Bank Aktiengesellschaft raised Taylor Morrison Home from a “hold” rating to a “buy” rating and lifted their price objective for the company from $50.00 to $57.00 in a research report on Friday, December 8th. Finally, Royal Bank of Canada boosted their price target on Taylor Morrison Home from $57.00 to $61.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $57.20.

View Our Latest Stock Report on Taylor Morrison Home

Taylor Morrison Home Price Performance

TMHC stock opened at $56.46 on Friday. Taylor Morrison Home Co. has a 12-month low of $34.68 and a 12-month high of $59.83. The stock has a 50-day moving average price of $54.49 and a two-hundred day moving average price of $48.51. The company has a current ratio of 6.00, a quick ratio of 1.13 and a debt-to-equity ratio of 0.38. The company has a market cap of $6.01 billion, a PE ratio of 8.09 and a beta of 1.87.

Taylor Morrison Home (NYSE:TMHCGet Free Report) last issued its earnings results on Wednesday, February 14th. The construction company reported $2.05 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.23. Taylor Morrison Home had a return on equity of 16.21% and a net margin of 10.37%. The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the prior year, the business earned $2.93 earnings per share. The company’s revenue was down 19.0% compared to the same quarter last year. As a group, research analysts predict that Taylor Morrison Home Co. will post 7.34 EPS for the current year.

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.

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

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