Smartleaf Asset Management LLC Has $51,000 Stake in Taylor Morrison Home Co. (NYSE:TMHC)

Smartleaf Asset Management LLC boosted its position in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 41.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 830 shares of the construction company’s stock after buying an additional 243 shares during the period. Smartleaf Asset Management LLC’s holdings in Taylor Morrison Home were worth $51,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Bridges Investment Management Inc. boosted its stake in shares of Taylor Morrison Home by 110.5% in the 4th quarter. Bridges Investment Management Inc. now owns 14,854 shares of the construction company’s stock valued at $909,000 after purchasing an additional 7,799 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of Taylor Morrison Home by 9.0% in the 4th quarter. Fisher Asset Management LLC now owns 1,255,266 shares of the construction company’s stock valued at $76,835,000 after purchasing an additional 103,289 shares in the last quarter. SVB Wealth LLC acquired a new stake in shares of Taylor Morrison Home in the 4th quarter valued at approximately $209,000. Parkside Financial Bank & Trust boosted its stake in shares of Taylor Morrison Home by 68.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,441 shares of the construction company’s stock valued at $88,000 after purchasing an additional 586 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its stake in shares of Taylor Morrison Home by 10.1% in the 4th quarter. QRG Capital Management Inc. now owns 17,666 shares of the construction company’s stock valued at $1,081,000 after purchasing an additional 1,618 shares in the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, Director David C. Merritt sold 2,402 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total transaction of $153,679.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.50% of the company’s stock.

Taylor Morrison Home Stock Down 1.8 %

Taylor Morrison Home stock opened at $60.66 on Tuesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.94 and a current ratio of 6.39. Taylor Morrison Home Co. has a 52-week low of $53.17 and a 52-week high of $75.49. The firm has a 50 day moving average price of $62.97 and a two-hundred day moving average price of $66.29. The firm has a market cap of $6.17 billion, a price-to-earnings ratio of 7.33 and a beta of 2.06.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings results 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%. Equities analysts predict 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.