CIBC Asset Management Inc Buys 173 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

CIBC Asset Management Inc raised its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 5.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,302 shares of the construction company’s stock after acquiring an additional 173 shares during the period. CIBC Asset Management Inc’s holdings in Taylor Morrison Home were worth $202,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Harbor Capital Advisors Inc. bought a new position in shares of Taylor Morrison Home in the 3rd quarter worth approximately $34,000. V Square Quantitative Management LLC lifted its stake in shares of Taylor Morrison Home by 68.1% in the 4th quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company’s stock worth $42,000 after purchasing an additional 277 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted 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 worth $49,000 after purchasing an additional 243 shares during the period. R Squared Ltd bought a new position in shares of Taylor Morrison Home in the 4th quarter worth approximately $61,000. Finally, Peterson Financial Group Inc. bought a new position in shares of Taylor Morrison Home in the 3rd quarter worth approximately $62,000. Institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Trading Down 2.6 %

Shares of TMHC opened at $62.28 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.39 and a quick ratio of 0.94. Taylor Morrison Home Co. has a 1 year low of $53.17 and a 1 year high of $75.49. The company has a 50 day simple moving average of $62.87 and a two-hundred day simple moving average of $66.32. The firm has a market cap of $6.44 billion, a P/E ratio of 7.52 and a beta of 2.03.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings data on Wednesday, February 12th. The construction company reported $2.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.24. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. On average, equities analysts expect that Taylor Morrison Home Co. will post 8.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

TMHC has been the subject of several analyst reports. Royal Bank of Canada increased their target price on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Wolfe Research raised shares of Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 target price for the company in a report on Wednesday, January 8th. Seaport Res Ptn lowered shares of Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a report on Monday, January 27th. JPMorgan Chase & Co. reduced their target price on shares of Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. Finally, StockNews.com lowered shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Taylor Morrison Home currently has an average rating of “Moderate Buy” and an average target price of $82.43.

Insider Activity

In other news, Director David C. Merritt sold 2,402 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $63.98, for a total transaction of $153,679.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.50% of the company’s stock.

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.