Taylor Morrison Home Co. (NYSE:TMHC) Stock Holdings Increased by Resonant Capital Advisors LLC

Resonant Capital Advisors LLC boosted its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 3.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,451 shares of the construction company’s stock after purchasing an additional 348 shares during the period. Resonant Capital Advisors LLC’s holdings in Taylor Morrison Home were worth $578,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. MQS Management LLC acquired a new stake in Taylor Morrison Home in the 3rd quarter worth approximately $768,000. Lord Abbett & CO. LLC raised its position in shares of Taylor Morrison Home by 2.5% in the third quarter. Lord Abbett & CO. LLC now owns 463,287 shares of the construction company’s stock valued at $32,550,000 after purchasing an additional 11,302 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Taylor Morrison Home by 3.5% in 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 during the last quarter. Intech Investment Management LLC bought a new stake in shares of Taylor Morrison Home during the 3rd quarter worth $1,899,000. Finally, Sheets Smith Wealth Management acquired a new position in Taylor Morrison Home in the 4th quarter valued at $550,000. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Stock Performance

Shares of NYSE:TMHC opened at $62.89 on Tuesday. The company has a current ratio of 6.24, a quick ratio of 0.69 and a debt-to-equity ratio of 0.37. Taylor Morrison Home Co. has a 1-year low of $51.18 and a 1-year high of $75.49. The stock has a market capitalization of $6.51 billion, a P/E ratio of 8.32 and a beta of 2.03. The business has a 50-day moving average price of $65.24 and a two-hundred day moving average price of $66.51.

Insider Transactions at Taylor Morrison Home

In other news, Director William H. Lyon sold 24,284 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $74.46, for a total value of $1,808,186.64. Following the transaction, the director now directly owns 2,045,316 shares in the company, valued at $152,294,229.36. This trade represents a 1.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

TMHC has been the topic of several research analyst reports. BTIG Research raised their price target on Taylor Morrison Home from $78.00 to $86.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. lowered their target price on Taylor Morrison Home from $101.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, December 13th. Wedbush upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $65.00 to $85.00 in a report on Friday, October 25th. Royal Bank of Canada raised their price objective on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, StockNews.com cut shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $84.00.

Taylor Morrison Home Company 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.