Natixis Advisors LLC Sells 1,901 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Natixis Advisors LLC decreased its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 8.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,961 shares of the construction company’s stock after selling 1,901 shares during the quarter. Natixis Advisors LLC’s holdings in Taylor Morrison Home were worth $1,222,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of TMHC. Lord Abbett & CO. LLC boosted its position in Taylor Morrison Home by 2.5% during the third quarter. Lord Abbett & CO. LLC now owns 463,287 shares of the construction company’s stock worth $32,550,000 after purchasing an additional 11,302 shares during the period. Principal Financial Group Inc. grew its stake in Taylor Morrison Home by 3.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company’s stock valued at $144,144,000 after buying an additional 69,222 shares during the last quarter. Sheets Smith Wealth Management bought a new position in Taylor Morrison Home in the 4th quarter worth $550,000. Charles Schwab Investment Management Inc. lifted its position in Taylor Morrison Home by 26.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,362,020 shares of the construction company’s stock worth $95,696,000 after acquiring an additional 282,227 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in Taylor Morrison Home during the 3rd quarter worth $1,925,000. Institutional investors own 95.16% of the company’s stock.

Wall Street Analyst Weigh In

TMHC has been the topic of a number of recent analyst reports. Barclays upgraded Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $75.00 to $90.00 in a research note on Wednesday, December 11th. JPMorgan Chase & Co. dropped their price target 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. Royal Bank of Canada increased their price objective on Taylor Morrison Home from $72.00 to $74.00 and gave the company an “outperform” rating in a research 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 on the stock in a research report on Wednesday, January 8th. Finally, Seaport Res Ptn upgraded shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 6th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.43.

Insider Activity

In other news, Director David C. Merritt sold 2,402 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total value of $153,679.96. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Joseph Terracciano sold 1,537 shares of Taylor Morrison Home stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total transaction of $93,372.75. The disclosure for this sale can be found here. Corporate insiders own 3.50% of the company’s stock.

Taylor Morrison Home Trading Down 0.8 %

Shares of Taylor Morrison Home stock opened at $60.84 on Wednesday. Taylor Morrison Home Co. has a 52-week low of $53.17 and a 52-week high of $75.49. The firm has a market capitalization of $6.19 billion, a PE ratio of 7.35 and a beta of 2.06. 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’s fifty day moving average price is $62.70 and its two-hundred day moving average price is $65.78.

Taylor Morrison Home (NYSE:TMHC) last posted its earnings results on Wednesday, February 12th. The construction company reported $2.64 earnings per share 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, analysts expect that Taylor Morrison Home Co. will post 8.93 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.