Pinebridge Investments L.P. Has $1.76 Million Stock Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

Pinebridge Investments L.P. increased its stake in Taylor Morrison Home Co. (NYSE:TMHC) by 42.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,698 shares of the construction company’s stock after acquiring an additional 8,587 shares during the quarter. Pinebridge Investments L.P.’s holdings in Taylor Morrison Home were worth $1,757,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. V Square Quantitative Management LLC raised its position in shares of Taylor Morrison Home by 68.1% in the 4th quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company’s stock worth $42,000 after acquiring an additional 277 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Taylor Morrison Home by 43.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company’s stock worth $49,000 after purchasing an additional 243 shares in the last quarter. SRS Capital Advisors Inc. acquired a new position in Taylor Morrison Home in the fourth quarter valued at approximately $51,000. Smartleaf Asset Management LLC boosted its holdings in shares of Taylor Morrison Home by 41.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company’s stock worth $51,000 after buying an additional 243 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Taylor Morrison Home during the 4th quarter worth approximately $61,000. 95.16% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Taylor Morrison Home 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 transaction of $93,372.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David C. Merritt sold 2,402 shares of the firm’s stock in a transaction 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. 1.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

TMHC has been the topic of several research analyst reports. Wedbush reissued an “outperform” rating and set a $85.00 target price on shares of Taylor Morrison Home in a research note on Wednesday, April 23rd. Royal Bank of Canada raised their target price on Taylor Morrison Home from $72.00 to $74.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Seaport Res Ptn raised Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 6th. JPMorgan Chase & Co. reduced their price objective on Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. Finally, StockNews.com cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Two equities 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $77.86.

Taylor Morrison Home Trading Down 0.7 %

Shares of TMHC stock opened at $57.71 on Monday. Taylor Morrison Home Co. has a 52-week low of $51.90 and a 52-week high of $75.49. The company has a 50-day simple moving average of $59.14 and a two-hundred day simple moving average of $63.91. 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 company has a market capitalization of $5.87 billion, a price-to-earnings ratio of 6.97 and a beta of 1.76.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings results on Wednesday, April 23rd. The construction company reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.33. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.81 billion. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. Research analysts anticipate that Taylor Morrison Home Co. will post 8.93 EPS for the current fiscal 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.