Foster & Motley Inc. Increases Stock Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

Foster & Motley Inc. boosted its position in Taylor Morrison Home Co. (NYSE:TMHC) by 5.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,116 shares of the construction company’s stock after purchasing an additional 1,238 shares during the period. Foster & Motley Inc.’s holdings in Taylor Morrison Home were worth $1,476,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of TMHC. Creative Planning boosted its position in Taylor Morrison Home by 21.1% in the second quarter. Creative Planning now owns 20,315 shares of the construction company’s stock worth $1,126,000 after purchasing an additional 3,533 shares during the last quarter. Cetera Investment Advisers boosted its position in Taylor Morrison Home by 38.6% in the second quarter. Cetera Investment Advisers now owns 25,446 shares of the construction company’s stock worth $1,411,000 after purchasing an additional 7,086 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in Taylor Morrison Home in the second quarter worth about $766,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Taylor Morrison Home in the second quarter worth about $168,000. Finally, SG Americas Securities LLC raised its stake in shares of Taylor Morrison Home by 121.6% in the third quarter. SG Americas Securities LLC now owns 5,327 shares of the construction company’s stock worth $374,000 after buying an additional 2,923 shares during the period. 95.16% of the stock is owned by hedge funds and other institutional investors.

Taylor Morrison Home Stock Up 3.4 %

Shares of TMHC opened at $66.58 on Friday. The business’s 50 day moving average is $65.43 and its 200 day moving average is $66.46. The company has a market capitalization of $6.89 billion, a PE ratio of 8.81 and a beta of 2.01. Taylor Morrison Home Co. has a 12-month low of $51.18 and a 12-month high of $75.49. The company has a current ratio of 6.24, a quick ratio of 0.69 and a debt-to-equity ratio of 0.37.

Insider Activity at Taylor Morrison Home

In other Taylor Morrison Home news, Director William H. Lyon sold 9,075 shares of Taylor Morrison Home stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $72.08, for a total value of $654,126.00. Following the sale, the director now owns 2,136,241 shares of the company’s stock, valued at $153,980,251.28. The trade was a 0.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

TMHC has been the topic of several recent research reports. BTIG Research raised their price objective on Taylor Morrison Home from $78.00 to $86.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Raymond James reaffirmed an “outperform” rating and issued a $84.00 price objective (up previously from $81.00) on shares of Taylor Morrison Home in a research note on Tuesday, October 29th. Wolfe Research raised Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price objective on the stock in a research note on Wednesday, January 8th. StockNews.com downgraded Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Finally, Barclays raised Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $75.00 to $90.00 in a research note on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $84.00.

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.