Taylor Morrison Home Co. (NYSE:TMHC) Shares Bought by Hodges Capital Management Inc.

Hodges Capital Management Inc. grew its holdings in Taylor Morrison Home Co. (NYSE:TMHC) by 12.3% during the 4th quarter, Holdings Channel reports. The fund owned 411,366 shares of the construction company’s stock after purchasing an additional 45,139 shares during the period. Taylor Morrison Home makes up about 1.5% of Hodges Capital Management Inc.’s holdings, making the stock its 17th largest holding. Hodges Capital Management Inc.’s holdings in Taylor Morrison Home were worth $25,180,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TMHC. Resonant Capital Advisors LLC grew its holdings in Taylor Morrison Home by 3.8% in the fourth quarter. Resonant Capital Advisors LLC now owns 9,451 shares of the construction company’s stock valued at $578,000 after purchasing an additional 348 shares during the period. Spire Wealth Management purchased a new position in Taylor Morrison Home in the 4th quarter valued at $104,000. Foster & Motley Inc. boosted its stake in Taylor Morrison Home by 5.4% during the 4th quarter. Foster & Motley Inc. now owns 24,116 shares of the construction company’s stock worth $1,476,000 after purchasing an additional 1,238 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in Taylor Morrison Home by 89.9% during the 4th quarter. Hantz Financial Services Inc. now owns 10,362 shares of the construction company’s stock worth $634,000 after purchasing an additional 4,905 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Taylor Morrison Home in the fourth quarter valued at about $61,000. 95.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TMHC has been the topic of a number of recent research reports. StockNews.com lowered shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Wedbush upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating and upped their price target for the company from $65.00 to $85.00 in a research report on Friday, October 25th. Seaport Res Ptn downgraded Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a research report on Monday, January 27th. JPMorgan Chase & Co. lowered their price objective on Taylor Morrison Home from $101.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, December 13th. Finally, Raymond James reaffirmed an “outperform” rating and issued a $84.00 target price (up from $81.00) on shares of Taylor Morrison Home in a research note on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $84.00.

Insider Activity

In related news, Director William H. Lyon sold 24,284 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $74.46, for a total transaction of $1,808,186.64. Following the transaction, the director now owns 2,045,316 shares of the company’s stock, valued at approximately $152,294,229.36. This represents a 1.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.50% of the company’s stock.

Taylor Morrison Home Stock Performance

NYSE TMHC opened at $64.38 on Monday. The stock has a fifty day simple moving average of $65.24 and a 200-day simple moving average of $66.49. The company has a current ratio of 6.24, a quick ratio of 0.69 and a debt-to-equity ratio of 0.37. The stock has a market cap of $6.66 billion, a PE ratio of 8.52 and a beta of 2.03. Taylor Morrison Home Co. has a twelve month low of $51.18 and a twelve month high of $75.49.

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.