Schonfeld Strategic Advisors LLC Trims Stock Position in Taylor Morrison Home Co. (NYSE:TMHC)

Schonfeld Strategic Advisors LLC trimmed its holdings in Taylor Morrison Home Co. (NYSE:TMHC) by 44.7% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 92,795 shares of the construction company’s stock after selling 74,937 shares during the period. Schonfeld Strategic Advisors LLC owned approximately 0.09% of Taylor Morrison Home worth $5,680,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TMHC. Principal Financial Group Inc. grew its holdings in shares of Taylor Morrison Home by 3.5% during the 3rd quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company’s stock worth $144,144,000 after purchasing an additional 69,222 shares during the period. Northern Trust Corp boosted its stake in Taylor Morrison Home by 13.4% during the fourth quarter. Northern Trust Corp now owns 1,670,241 shares of the construction company’s stock worth $102,235,000 after buying an additional 197,880 shares during the period. Norges Bank acquired a new stake in shares of Taylor Morrison Home during the fourth quarter valued at about $93,810,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Taylor Morrison Home by 1.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,369,832 shares of the construction company’s stock valued at $83,847,000 after acquiring an additional 20,908 shares during the period. Finally, Fisher Asset Management LLC lifted its holdings in shares of Taylor Morrison Home by 9.0% in the 4th quarter. Fisher Asset Management LLC now owns 1,255,266 shares of the construction company’s stock worth $76,835,000 after acquiring an additional 103,289 shares during the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on TMHC shares. StockNews.com cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Royal Bank of Canada raised their target price on Taylor Morrison Home from $72.00 to $74.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. BTIG Research set a $75.00 price target on shares of Taylor Morrison Home and gave the stock a “buy” rating in a research note on Wednesday, April 16th. Wedbush reissued an “outperform” rating and issued a $85.00 price objective on shares of Taylor Morrison Home in a research note on Wednesday, April 23rd. Finally, Barclays set a $69.00 price objective on shares of Taylor Morrison Home and gave the company an “overweight” rating in a report on Thursday, April 24th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $77.86.

Taylor Morrison Home Trading Up 2.5 %

Shares of Taylor Morrison Home stock opened at $58.89 on Friday. The company has a fifty day simple moving average of $58.71 and a 200-day simple moving average of $63.61. Taylor Morrison Home Co. has a 12-month low of $51.90 and a 12-month high of $75.49. The company has a current ratio of 6.39, a quick ratio of 0.94 and a debt-to-equity ratio of 0.36. The stock has a market cap of $5.99 billion, a price-to-earnings ratio of 7.11 and a beta of 1.76.

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, topping the consensus estimate of $1.85 by $0.33. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.81 billion. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.75 earnings per share. On average, equities analysts forecast that Taylor Morrison Home Co. will post 8.93 EPS for the current fiscal year.

Insider Activity

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 value of $93,372.75. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David C. Merritt sold 2,402 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The stock was 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. Corporate insiders own 1.40% of the company’s stock.

Taylor Morrison Home Company 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.