Proficio Capital Partners LLC Takes $4.49 Million Position in Taylor Morrison Home Co. (NYSE:TMHC)

Proficio Capital Partners LLC acquired a new stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 73,330 shares of the construction company’s stock, valued at approximately $4,489,000. Proficio Capital Partners LLC owned about 0.07% of Taylor Morrison Home at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Harbor Capital Advisors Inc. bought a new position in shares of Taylor Morrison Home during the third quarter valued at about $34,000. V Square Quantitative Management LLC boosted its holdings in shares of Taylor Morrison Home by 68.1% during the fourth quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company’s stock worth $42,000 after purchasing an additional 277 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Taylor Morrison Home by 43.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company’s stock worth $49,000 after purchasing an additional 243 shares during the period. Peterson Financial Group Inc. purchased a new stake in shares of Taylor Morrison Home during the third quarter worth about $62,000. Finally, R Squared Ltd purchased a new stake in shares of Taylor Morrison Home during the fourth quarter worth about $61,000. 95.16% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Wolfe Research upgraded shares of Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 target price for the company in a report on Wednesday, January 8th. Royal Bank of Canada increased their target price on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. StockNews.com lowered shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Barclays upgraded shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $75.00 to $90.00 in a report on Wednesday, December 11th. Finally, Seaport Res Ptn lowered shares of Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the stock. 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 Stock Performance

Shares of TMHC opened at $60.29 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.39 and a quick ratio of 0.94. Taylor Morrison Home Co. has a one year low of $53.17 and a one year high of $75.49. The company has a 50-day simple moving average of $62.93 and a two-hundred day simple moving average of $66.36. The firm has a market capitalization of $6.13 billion, a PE ratio of 7.28 and a beta of 2.03.

Taylor Morrison Home (NYSE:TMHC) last released its earnings results on Wednesday, February 12th. The construction company reported $2.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.24. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. On average, analysts anticipate that Taylor Morrison Home Co. will post 8.93 EPS for the current fiscal year.

Insider Activity

In other news, Director David C. Merritt sold 2,402 shares of Taylor Morrison Home stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total transaction of $153,679.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.50% of the company’s stock.

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.