Mercer Global Advisors Inc. ADV Decreases Stock Position in Taylor Morrison Home Co. (NYSE:TMHC)

Mercer Global Advisors Inc. ADV cut its position in Taylor Morrison Home Co. (NYSE:TMHC) by 24.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 19,898 shares of the construction company’s stock after selling 6,577 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Taylor Morrison Home were worth $1,218,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in TMHC. Principal Financial Group Inc. grew its holdings in shares of Taylor Morrison Home by 3.5% during the third quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company’s stock worth $144,144,000 after buying an additional 69,222 shares in the last quarter. Sheets Smith Wealth Management purchased a new stake in Taylor Morrison Home during the 4th quarter valued at about $550,000. JPMorgan Chase & Co. raised its holdings in Taylor Morrison Home by 24.0% in the 4th quarter. JPMorgan Chase & Co. now owns 811,253 shares of the construction company’s stock valued at $49,657,000 after acquiring an additional 156,793 shares during the last quarter. Financial Enhancement Group LLC purchased a new position in Taylor Morrison Home in the 4th quarter worth approximately $5,840,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Taylor Morrison Home by 43.2% during the 4th 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. 95.16% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Taylor Morrison Home

In other news, CAO Joseph Terracciano sold 1,537 shares of the firm’s stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David C. Merritt sold 2,402 shares of Taylor Morrison Home 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 disclosure for this sale can be found here. 1.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on TMHC shares. JPMorgan Chase & Co. reduced their price objective on 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. Bank of America initiated coverage on shares of Taylor Morrison Home in a research report on Monday, May 5th. They set a “buy” rating and a $70.00 price target on the stock. Wedbush restated an “outperform” rating and set a $85.00 price objective on shares of Taylor Morrison Home in a research report on Wednesday, April 23rd. BTIG Research set a $75.00 target price on shares of Taylor Morrison Home and gave the company a “buy” rating in a report on Wednesday, April 16th. Finally, Barclays set a $69.00 price target on shares of Taylor Morrison Home and gave the company an “overweight” rating in a research note on Thursday, April 24th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $76.88.

Taylor Morrison Home Stock Performance

Shares of TMHC stock opened at $58.71 on Friday. 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 market cap of $5.89 billion, a P/E ratio of 7.09 and a beta of 1.68. The firm’s 50 day moving average price is $58.45 and its 200-day moving average price is $63.25. Taylor Morrison Home Co. has a one year low of $51.90 and a one year high of $75.49.

Taylor Morrison Home (NYSE:TMHC) last released 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. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. The company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the prior year, the firm earned $1.75 earnings per share. The firm’s revenue was up 11.5% compared to the same quarter last year. As a group, equities research analysts predict that Taylor Morrison Home Co. will post 8.93 EPS 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.