Raymond James Financial Inc. Makes New $5.03 Million Investment in Taylor Morrison Home Co. (NYSE:TMHC)

Raymond James Financial Inc. acquired a new stake in Taylor Morrison Home Co. (NYSE:TMHC) in the fourth quarter, HoldingsChannel reports. The firm acquired 82,193 shares of the construction company’s stock, valued at approximately $5,031,000.

Several other institutional investors and hedge funds have also modified their holdings of TMHC. CIBC Asset Management Inc raised its holdings in Taylor Morrison Home by 5.5% in the 4th quarter. CIBC Asset Management Inc now owns 3,302 shares of the construction company’s stock valued at $202,000 after acquiring an additional 173 shares during the last quarter. Pacer Advisors Inc. grew its position in shares of Taylor Morrison Home by 1.2% in the fourth quarter. Pacer Advisors Inc. now owns 15,428 shares of the construction company’s stock valued at $944,000 after purchasing an additional 180 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its position in Taylor Morrison Home by 43.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company’s stock worth $49,000 after buying an additional 243 shares during the period. Smartleaf Asset Management LLC boosted its stake in Taylor Morrison Home by 41.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company’s stock worth $51,000 after buying an additional 243 shares during the last quarter. Finally, Savant Capital LLC grew its holdings in Taylor Morrison Home by 5.3% in the 4th quarter. Savant Capital LLC now owns 5,012 shares of the construction company’s stock valued at $307,000 after buying an additional 251 shares during the period. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Wall Street Analysts Forecast Growth

TMHC has been the topic of several recent analyst reports. Wedbush reiterated an “outperform” rating and set a $85.00 price objective on shares of Taylor Morrison Home in a report on Wednesday. Seaport Res Ptn raised shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 6th. Royal Bank of Canada boosted their price objective on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. cut their target price on Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. Finally, StockNews.com downgraded Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $77.86.

Taylor Morrison Home Price Performance

TMHC stock opened at $57.71 on Friday. The stock has a 50-day simple moving average of $59.14 and a 200-day simple moving average of $63.96. The firm has a market cap of $5.87 billion, a P/E ratio of 6.97 and a beta of 1.76. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.94 and a current ratio of 6.39. Taylor Morrison Home Co. has a 1 year low of $51.90 and a 1 year high of $75.49.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings data on Wednesday, April 23rd. The construction company reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.33. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.81 billion. On average, equities analysts predict that Taylor Morrison Home Co. will post 8.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Taylor Morrison Home news, CAO Joseph Terracciano sold 1,537 shares of Taylor Morrison Home stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total transaction of $93,372.75. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director David C. Merritt sold 2,402 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total value of $153,679.96. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by company insiders.

Taylor Morrison Home Profile

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.