Swiss National Bank Sells 1,500 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Swiss National Bank reduced its position in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 0.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 205,060 shares of the construction company’s stock after selling 1,500 shares during the period. Swiss National Bank owned approximately 0.20% of Taylor Morrison Home worth $12,552,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. KBC Group NV increased its stake in Taylor Morrison Home by 20.8% in the 3rd quarter. KBC Group NV now owns 3,121 shares of the construction company’s stock worth $219,000 after acquiring an additional 538 shares during the last quarter. CIBC Asset Management Inc bought a new position in shares of Taylor Morrison Home in the third quarter worth approximately $220,000. Natixis Advisors LLC raised its stake in Taylor Morrison Home by 14.1% in the third quarter. Natixis Advisors LLC now owns 21,862 shares of the construction company’s stock valued at $1,536,000 after purchasing an additional 2,705 shares in the last quarter. Pathstone Holdings LLC lifted its position in Taylor Morrison Home by 1.3% during the third quarter. Pathstone Holdings LLC now owns 78,824 shares of the construction company’s stock valued at $5,538,000 after purchasing an additional 1,044 shares during the last quarter. Finally, Strategy Asset Managers LLC purchased a new position in Taylor Morrison Home in the 3rd quarter worth approximately $207,000. Institutional investors own 95.16% of the company’s stock.

Insider Buying and Selling

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

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of 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. Wolfe Research raised Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price target for the company in a research note on Wednesday, January 8th. StockNews.com lowered Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Barclays upgraded Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $75.00 to $90.00 in a research report on Wednesday, December 11th. Finally, Royal Bank of Canada increased their price target on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. 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.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $82.43.

Taylor Morrison Home Stock Performance

Shares of TMHC stock opened at $60.26 on Thursday. The company has a market capitalization of $6.13 billion, a P/E ratio of 7.28 and a beta of 2.06. Taylor Morrison Home Co. has a fifty-two week low of $53.17 and a fifty-two week high of $75.49. 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 stock has a 50 day moving average price of $62.75 and a two-hundred day moving average price of $65.90.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings results on Wednesday, February 12th. The construction company reported $2.64 earnings per share for the quarter, beating 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%. Analysts expect that Taylor Morrison Home Co. will post 8.93 earnings per share for the current year.

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.