Avantax Advisory Services Inc. Cuts Stake in Taylor Morrison Home Co. (NYSE:TMHC)

Avantax Advisory Services Inc. decreased its holdings in Taylor Morrison Home Co. (NYSE:TMHC) by 4.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,690 shares of the construction company’s stock after selling 281 shares during the period. Avantax Advisory Services Inc.’s holdings in Taylor Morrison Home were worth $348,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in TMHC. Vision Capital Corp bought a new position in Taylor Morrison Home in the third quarter worth approximately $38,173,000. Charles Schwab Investment Management Inc. lifted its position in shares of Taylor Morrison Home by 26.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,362,020 shares of the construction company’s stock worth $95,696,000 after buying an additional 282,227 shares in the last quarter. Barclays PLC increased its position in Taylor Morrison Home by 66.4% in the third quarter. Barclays PLC now owns 420,419 shares of the construction company’s stock worth $29,539,000 after purchasing an additional 167,735 shares during the last quarter. World Investment Advisors LLC bought a new position in shares of Taylor Morrison Home in the 3rd quarter valued at about $10,291,000. Finally, State Street Corp increased its position in shares of Taylor Morrison Home by 2.8% during the 3rd quarter. State Street Corp now owns 4,987,968 shares of the construction company’s stock valued at $350,455,000 after purchasing an additional 136,432 shares during the last quarter. 95.16% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on TMHC. Royal Bank of Canada lifted their price target on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Seaport Res Ptn upgraded shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Thursday, March 6th. Barclays upgraded Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $75.00 to $90.00 in a research note on Wednesday, December 11th. JPMorgan Chase & Co. reduced their target price on Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. Finally, Wolfe Research raised Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 target price on the stock in a research report on Wednesday, January 8th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Taylor Morrison Home has a consensus rating of “Moderate Buy” and an average target price of $82.43.

Insider Buying and Selling

In related news, CAO Joseph Terracciano sold 1,537 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total value of $93,372.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 disclosure for this sale can be found here. 3.50% of the stock is currently owned by corporate insiders.

Taylor Morrison Home Stock Performance

NYSE:TMHC opened at $61.31 on Tuesday. The company has a market cap of $6.24 billion, a P/E ratio of 7.40 and a beta of 2.06. Taylor Morrison Home Co. has a twelve month low of $53.17 and a twelve month high of $75.49. The company’s 50-day moving average price is $62.75 and its 200-day moving average price is $65.80. The company has a current ratio of 6.39, a quick ratio of 0.94 and a debt-to-equity ratio of 0.36.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings data on Wednesday, February 12th. The construction company reported $2.64 earnings per share (EPS) for the quarter, topping the consensus estimate 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, sell-side analysts forecast that Taylor Morrison Home Co. will post 8.93 earnings per share for the current fiscal 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.