Fisher Asset Management LLC Sells 396,241 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Fisher Asset Management LLC cut its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 27.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,072,579 shares of the construction company’s stock after selling 396,241 shares during the quarter. Fisher Asset Management LLC owned approximately 1.01% of Taylor Morrison Home worth $57,222,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of TMHC. Fuller & Thaler Asset Management Inc. raised its holdings in Taylor Morrison Home by 117.0% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 3,180,341 shares of the construction company’s stock valued at $135,514,000 after acquiring an additional 1,714,897 shares during the period. Norges Bank purchased a new position in shares of Taylor Morrison Home during the fourth quarter valued at about $63,137,000. Assenagon Asset Management S.A. grew its position in shares of Taylor Morrison Home by 3,268.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 452,087 shares of the construction company’s stock valued at $24,119,000 after purchasing an additional 438,664 shares in the last quarter. Assetmark Inc. grew its position in shares of Taylor Morrison Home by 99.3% during the fourth quarter. Assetmark Inc. now owns 786,812 shares of the construction company’s stock valued at $41,976,000 after purchasing an additional 391,964 shares in the last quarter. Finally, Acadian Asset Management LLC grew its position in shares of Taylor Morrison Home by 15.3% during the third quarter. Acadian Asset Management LLC now owns 2,528,636 shares of the construction company’s stock valued at $107,726,000 after purchasing an additional 334,815 shares in the last quarter. 95.16% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TMHC. StockNews.com upgraded Taylor Morrison Home from a “hold” rating to a “buy” rating in a research report on Monday, June 10th. Wedbush restated an “outperform” rating and set a $61.00 price objective on shares of Taylor Morrison Home in a research report on Thursday, May 30th. Royal Bank of Canada raised 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, Zelman & Associates upgraded Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a research report on Friday, April 12th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.40.

Insider Buying and Selling at Taylor Morrison Home

In other Taylor Morrison Home news, Director William H. Lyon sold 164,000 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $60.33, for a total transaction of $9,894,120.00. Following the completion of the transaction, the director now owns 43,570 shares in the company, valued at $2,628,578.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Sheryl Palmer sold 100,000 shares of Taylor Morrison Home stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $61.70, for a total transaction of $6,170,000.00. Following the completion of the sale, the chief executive officer now owns 19,211 shares of the company’s stock, valued at $1,185,318.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William H. Lyon sold 164,000 shares of Taylor Morrison Home stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $60.33, for a total transaction of $9,894,120.00. Following the sale, the director now directly owns 43,570 shares of the company’s stock, valued at approximately $2,628,578.10. The disclosure for this sale can be found here. Insiders sold 417,000 shares of company stock worth $25,599,080 over the last 90 days. Company insiders own 3.50% of the company’s stock.

Taylor Morrison Home Trading Down 1.5 %

TMHC opened at $55.49 on Monday. Taylor Morrison Home Co. has a 12 month low of $37.23 and a 12 month high of $62.64. The stock has a 50-day moving average of $57.24 and a 200 day moving average of $55.29. The firm has a market cap of $5.87 billion, a P/E ratio of 7.94 and a beta of 1.93. The company has a current ratio of 6.16, a quick ratio of 0.91 and a debt-to-equity ratio of 0.39.

Taylor Morrison Home (NYSE:TMHC) last announced its earnings results on Tuesday, April 30th. The construction company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.18. Taylor Morrison Home had a return on equity of 15.75% and a net margin of 10.30%. The business had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the previous year, the business earned $1.74 earnings per share. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, research analysts forecast that Taylor Morrison Home Co. will post 7.62 EPS for the current year.

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.