Rafferty Asset Management LLC Buys 12,691 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Rafferty Asset Management LLC lifted its stake in shares of Taylor Morrison Home Co. (NYSE:TMHCFree Report) by 19.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 77,414 shares of the construction company’s stock after purchasing an additional 12,691 shares during the quarter. Rafferty Asset Management LLC owned 0.07% of Taylor Morrison Home worth $4,130,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in TMHC. Swiss National Bank boosted its stake in Taylor Morrison Home by 1.0% during the third quarter. Swiss National Bank now owns 227,860 shares of the construction company’s stock worth $9,709,000 after acquiring an additional 2,300 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Taylor Morrison Home by 529.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 34,214 shares of the construction company’s stock valued at $1,458,000 after buying an additional 28,782 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Taylor Morrison Home by 6.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,022,334 shares of the construction company’s stock valued at $43,562,000 after buying an additional 60,875 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in Taylor Morrison Home in the third quarter worth $7,580,000. Finally, Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Taylor Morrison Home by 33.7% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 31,683 shares of the construction company’s stock worth $1,350,000 after acquiring an additional 7,990 shares during the last quarter. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Trading Down 2.2 %

NYSE:TMHC opened at $55.52 on Friday. The company has a market cap of $5.87 billion, a PE ratio of 7.94 and a beta of 1.93. Taylor Morrison Home Co. has a 12 month low of $37.23 and a 12 month high of $62.64. The company has a current ratio of 6.16, a quick ratio of 0.91 and a debt-to-equity ratio of 0.39. The company has a 50 day simple moving average of $57.60 and a two-hundred day simple moving average of $54.76.

Taylor Morrison Home (NYSE:TMHCGet Free Report) last released its quarterly earnings results on Tuesday, April 30th. The construction company reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.18. Taylor Morrison Home had a net margin of 10.30% and a return on equity of 15.75%. The business had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same period last year, the firm earned $1.74 earnings per share. The company’s quarterly revenue was up 2.3% on a year-over-year basis. Research analysts forecast that Taylor Morrison Home Co. will post 7.62 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Sheryl Palmer sold 100,000 shares of Taylor Morrison Home stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $56.61, for a total transaction of $5,661,000.00. Following the transaction, the chief executive officer now directly owns 119,211 shares of the company’s stock, valued at approximately $6,748,534.71. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Taylor Morrison Home news, Director William H. Lyon sold 153,000 shares of the firm’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $62.32, for a total transaction of $9,534,960.00. Following the sale, the director now directly owns 40,570 shares of the company’s stock, valued at $2,528,322.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Sheryl Palmer sold 100,000 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $56.61, for a total value of $5,661,000.00. Following the completion of the transaction, the chief executive officer now owns 119,211 shares in the company, valued at $6,748,534.71. The disclosure for this sale can be found here. Insiders sold a total of 517,000 shares of company stock worth $31,260,080 over the last quarter. 3.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

TMHC has been the subject of several recent analyst reports. StockNews.com raised Taylor Morrison Home from a “hold” rating to a “buy” rating in a research report on Friday, May 31st. Zelman & Associates upgraded shares of Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a report on Friday, April 12th. Barclays raised their price target on shares of Taylor Morrison Home from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Thursday, February 15th. Royal Bank of Canada upped their price objective on Taylor Morrison Home from $61.00 to $63.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Finally, Wedbush reissued an “outperform” rating and issued a $61.00 target price on shares of Taylor Morrison Home in a report on Thursday, May 30th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Taylor Morrison Home currently has an average rating of “Moderate Buy” and a consensus target price of $59.40.

View Our Latest Analysis on Taylor Morrison Home

Taylor Morrison Home 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 develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name.

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

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