Axa S.A. Sells 1,276 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Axa S.A. lessened its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 1.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 105,856 shares of the construction company’s stock after selling 1,276 shares during the quarter. Axa S.A.’s holdings in Taylor Morrison Home were worth $6,479,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. CIBC Asset Management Inc lifted its position in Taylor Morrison Home by 5.5% in the 4th quarter. CIBC Asset Management Inc now owns 3,302 shares of the construction company’s stock valued at $202,000 after acquiring an additional 173 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of Taylor Morrison Home by 1.2% in the fourth quarter. Pacer Advisors Inc. now owns 15,428 shares of the construction company’s stock worth $944,000 after purchasing an additional 180 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of 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 during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Taylor Morrison Home by 41.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company’s stock valued at $51,000 after buying an additional 243 shares during the last quarter. Finally, Savant Capital LLC boosted its position in shares of Taylor Morrison Home by 5.3% during the fourth quarter. Savant Capital LLC now owns 5,012 shares of the construction company’s stock valued at $307,000 after buying an additional 251 shares during the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

Taylor Morrison Home Stock Performance

Taylor Morrison Home stock opened at $57.74 on Wednesday. Taylor Morrison Home Co. has a 1-year low of $51.90 and a 1-year high of $75.49. The company has a current ratio of 6.39, a quick ratio of 0.94 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $5.80 billion, a PE ratio of 6.97 and a beta of 1.68. The firm’s 50 day simple moving average is $58.58 and its 200 day simple moving average is $63.39.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings results on Wednesday, April 23rd. The construction company reported $2.18 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.33. The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. The business’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.75 earnings per share. As a group, analysts expect that Taylor Morrison Home Co. will post 8.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Taylor Morrison Home

In other news, Director David C. Merritt sold 2,402 shares of the firm’s 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 legal filing with the SEC, which is available at the SEC website. Also, CAO Joseph Terracciano sold 1,537 shares of the company’s 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 disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on TMHC. Royal Bank of Canada raised their price objective 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. StockNews.com cut shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. BTIG Research set a $75.00 target price on shares of Taylor Morrison Home and gave the stock a “buy” rating in a research report on Wednesday, April 16th. Seaport Res Ptn upgraded Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 6th. Finally, JPMorgan Chase & Co. decreased their price target on shares of 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. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $76.88.

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.