Axa S.A. Sells 1,276 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Axa S.A. lowered its holdings in Taylor Morrison Home Co. (NYSE:TMHC) by 1.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 105,856 shares of the construction company’s stock after selling 1,276 shares during the period. Axa S.A. owned approximately 0.10% of Taylor Morrison Home worth $6,479,000 at the end of the most recent quarter.

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

Insider Activity at Taylor Morrison Home

In other Taylor Morrison Home news, Director David C. Merritt sold 2,402 shares of the business’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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Joseph Terracciano sold 1,537 shares of the 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 disclosure for this sale can be found here. 1.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

TMHC has been the subject of several recent analyst reports. BTIG Research set a $75.00 price objective on Taylor Morrison Home and gave the stock a “buy” rating in a research report on Wednesday, April 16th. Seaport Res Ptn upgraded shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 6th. JPMorgan Chase & Co. lowered their price objective on shares of Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating for the company in a research report on Tuesday, February 18th. Wedbush restated an “outperform” rating and issued a $85.00 target price on shares of Taylor Morrison Home in a research report on Wednesday, April 23rd. Finally, Bank of America began coverage on shares of Taylor Morrison Home in a report on Monday. They set a “buy” rating and a $70.00 price target for the company. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Taylor Morrison Home has an average rating of “Moderate Buy” and an average target price of $76.88.

Taylor Morrison Home Price Performance

Shares of TMHC opened at $57.74 on Wednesday. The business has a 50-day moving average of $58.58 and a 200-day moving average of $63.39. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.39 and a quick ratio of 0.94. The company has a market capitalization of $5.80 billion, a price-to-earnings ratio of 6.97 and a beta of 1.68. 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 released its quarterly earnings results 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. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter last year, the business earned $1.75 EPS. The company’s revenue was up 11.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Taylor Morrison Home Co. will post 8.93 earnings per share for the current year.

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.