Ruffer LLP Acquires New Stake in Taylor Morrison Home Co. (NYSE:TMHC)

Ruffer LLP purchased a new stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) during the fourth quarter, Holdings Channel.com reports. The fund purchased 49,849 shares of the construction company’s stock, valued at approximately $3,051,000.

Several other large investors have also recently modified their holdings of TMHC. CIBC Asset Management Inc boosted its stake in shares of Taylor Morrison Home by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 3,302 shares of the construction company’s stock valued at $202,000 after purchasing an additional 173 shares in the last quarter. Pacer Advisors Inc. raised its holdings in Taylor Morrison Home by 1.2% in the 4th 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 period. Captrust Financial Advisors lifted its stake in shares of Taylor Morrison Home by 2.9% during the 3rd quarter. Captrust Financial Advisors now owns 8,340 shares of the construction company’s stock valued at $586,000 after buying an additional 234 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings 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 buying an additional 243 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Taylor Morrison Home by 41.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company’s stock valued at $51,000 after purchasing an additional 243 shares in the last quarter. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Insider Activity

In other Taylor Morrison Home news, Director David C. Merritt sold 2,402 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total value of $153,679.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.50% of the company’s stock.

Taylor Morrison Home Trading Down 0.7 %

Taylor Morrison Home stock opened at $61.83 on Friday. The stock has a 50-day moving average price of $62.98 and a 200 day moving average price of $66.31. 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 stock has a market cap of $6.29 billion, a PE ratio of 7.47 and a beta of 2.06. Taylor Morrison Home Co. has a 52 week low of $53.17 and a 52 week high of $75.49.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings data on Wednesday, February 12th. The construction company reported $2.64 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.24. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. Equities research analysts predict that Taylor Morrison Home Co. will post 8.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TMHC has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reduced their target price on Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. Royal Bank of Canada increased their price objective on Taylor Morrison Home from $72.00 to $74.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Barclays raised Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $75.00 to $90.00 in a report on Wednesday, December 11th. Seaport Res Ptn raised Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Thursday. Finally, Wolfe Research upgraded Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 target price on the stock in a research report on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $82.43.

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.