Taylor Morrison Home Co. (NYSE:TMHC) Shares Bought by KBC Group NV

KBC Group NV lifted its stake in Taylor Morrison Home Co. (NYSE:TMHC) by 36.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,273 shares of the construction company’s stock after purchasing an additional 1,152 shares during the quarter. KBC Group NV’s holdings in Taylor Morrison Home were worth $262,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new position in shares of Taylor Morrison Home during the 3rd quarter valued at about $29,000. Harbor Capital Advisors Inc. purchased a new position in Taylor Morrison Home during the third quarter worth about $34,000. UMB Bank n.a. boosted its holdings in Taylor Morrison Home by 263.9% in the 3rd quarter. UMB Bank n.a. now owns 535 shares of the construction company’s stock valued at $38,000 after purchasing an additional 388 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Taylor Morrison Home by 43.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company’s stock valued at $49,000 after buying an additional 243 shares during the period. Finally, Peterson Financial Group Inc. purchased a new position in Taylor Morrison Home in the third quarter worth approximately $62,000. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Insider Activity at Taylor Morrison Home

In other Taylor Morrison Home news, Director William H. Lyon sold 9,075 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $72.08, for a total value of $654,126.00. Following the completion of the sale, the director now owns 2,136,241 shares in the company, valued at approximately $153,980,251.28. The trade was a 0.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on TMHC shares. StockNews.com lowered Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Wedbush raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and upped their target price for the company from $65.00 to $85.00 in a research report on Friday, October 25th. Raymond James reiterated an “outperform” rating and set a $84.00 price target (up from $81.00) on shares of Taylor Morrison Home in a research report on Tuesday, October 29th. JPMorgan Chase & Co. reduced their price target on shares of Taylor Morrison Home from $101.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, December 13th. Finally, BTIG Research increased their price objective on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $84.00.

Taylor Morrison Home Trading Down 2.4 %

NYSE TMHC opened at $62.89 on Tuesday. Taylor Morrison Home Co. has a 52 week low of $51.18 and a 52 week high of $75.49. The firm has a 50 day moving average of $65.24 and a two-hundred day moving average of $66.51. The stock has a market capitalization of $6.51 billion, a PE ratio of 8.32 and a beta of 2.03. The company has a quick ratio of 0.69, a current ratio of 6.24 and a debt-to-equity ratio of 0.37.

About Taylor Morrison Home

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.