Bank of New York Mellon Corp Decreases Stock Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

Bank of New York Mellon Corp trimmed its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 3.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 854,395 shares of the construction company’s stock after selling 34,508 shares during the period. Bank of New York Mellon Corp owned approximately 0.83% of Taylor Morrison Home worth $52,298,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. International Assets Investment Management LLC increased its holdings in Taylor Morrison Home by 6,926.2% during the third quarter. International Assets Investment Management LLC now owns 10,188 shares of the construction company’s stock valued at $716,000 after buying an additional 10,043 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in Taylor Morrison Home by 4.4% during the third quarter. State of Alaska Department of Revenue now owns 12,108 shares of the construction company’s stock valued at $850,000 after buying an additional 505 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in Taylor Morrison Home during the third quarter valued at approximately $34,000. Asset Management One Co. Ltd. purchased a new stake in Taylor Morrison Home during the third quarter valued at approximately $947,000. Finally, QRG Capital Management Inc. increased its holdings in Taylor Morrison Home by 40.5% during the third quarter. QRG Capital Management Inc. now owns 16,048 shares of the construction company’s stock valued at $1,128,000 after buying an additional 4,625 shares during the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Taylor Morrison Home news, Director David C. Merritt sold 2,402 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total transaction of $153,679.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.50% of the stock is owned by company insiders.

Taylor Morrison Home Price Performance

Shares of NYSE:TMHC opened at $61.53 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.94 and a current ratio of 6.39. The firm has a fifty day moving average price of $62.93 and a 200 day moving average price of $66.33. Taylor Morrison Home Co. has a fifty-two week low of $53.17 and a fifty-two week high of $75.49. The firm has a market cap of $6.26 billion, a price-to-earnings ratio of 7.43 and a beta of 2.03.

Taylor Morrison Home (NYSE:TMHC) last issued its earnings results on Wednesday, February 12th. The construction company reported $2.64 earnings per share for the quarter, topping 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%. As a group, sell-side analysts expect that Taylor Morrison Home Co. will post 8.93 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on TMHC. 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. Royal Bank of Canada increased their price objective 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. Barclays raised shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $75.00 to $90.00 in a research note on Wednesday, December 11th. Seaport Res Ptn cut shares of Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a research note on Monday, January 27th. Finally, StockNews.com cut shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $82.43.

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.