Taylor Morrison Home Co. (NYSE:TMHC) Stake Reduced by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ reduced its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 52.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 53,600 shares of the construction company’s stock after selling 58,000 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Taylor Morrison Home were worth $3,275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vestcor Inc raised its stake in Taylor Morrison Home by 82.4% during the 4th quarter. Vestcor Inc now owns 26,820 shares of the construction company’s stock valued at $1,642,000 after acquiring an additional 12,120 shares in the last quarter. Jupiter Asset Management Ltd. increased its holdings in shares of Taylor Morrison Home by 2,101.4% during the fourth quarter. Jupiter Asset Management Ltd. now owns 95,804 shares of the construction company’s stock valued at $5,864,000 after purchasing an additional 91,452 shares during the period. HighTower Advisors LLC increased its holdings in shares of Taylor Morrison Home by 28.2% during the fourth quarter. HighTower Advisors LLC now owns 12,394 shares of the construction company’s stock valued at $759,000 after purchasing an additional 2,729 shares during the period. Daiwa Securities Group Inc. increased its holdings in shares of Taylor Morrison Home by 22.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 14,600 shares of the construction company’s stock valued at $894,000 after purchasing an additional 2,700 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Taylor Morrison Home by 20.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,672 shares of the construction company’s stock valued at $1,877,000 after purchasing an additional 5,307 shares during the period. 95.16% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TMHC has been the topic of a number of research analyst reports. Barclays raised Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $75.00 to $90.00 in a report on Wednesday, December 11th. StockNews.com downgraded Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Wolfe Research raised Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price target for the company in a research note on Wednesday, January 8th. JPMorgan Chase & Co. decreased their price target on 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. Finally, Seaport Res Ptn raised Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 6th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $82.43.

Insider Activity

In other news, CAO Joseph Terracciano sold 1,537 shares of the 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David C. Merritt sold 2,402 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total value of $153,679.96. The disclosure for this sale can be found here. Insiders own 3.50% of the company’s stock.

Taylor Morrison Home Price Performance

Shares of NYSE:TMHC opened at $58.64 on Monday. Taylor Morrison Home Co. has a one year low of $53.17 and a one year high of $75.49. The stock has a fifty day moving average of $62.82 and a 200-day moving average of $66.06. The company has a market capitalization of $5.97 billion, a PE ratio of 7.08 and a beta of 2.06. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.94 and a current ratio of 6.39.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings data on Wednesday, February 12th. The construction company reported $2.64 EPS for the quarter, beating 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%. As a group, equities analysts anticipate that Taylor Morrison Home Co. will post 8.93 EPS for the current fiscal 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.