1 week Ago By Defense World Staff
Pictet Asset Management Holding SA boosted its stake in Taylor Morrison Home Co. (NYSE:TMHC – Free Report) by 6.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC.
The firm owned 14,715 shares of the construction company’s stock after acquiring an additional 915 shares during the period. Pictet Asset Management Holding SA’s holdings in Taylor Morrison Home were worth $901,000 as of its most recent filing with the SEC. A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TMHC.
Lord Abbett & CO. LLC increased its stake 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 worth $32,550,000 after purchasing an additional 11,302 shares in the last quarter. Principal Financial Group Inc.
lifted its stake in Taylor Morrison Home by 3.5% during the third quarter. Principal Financial Group Inc.
now owns 2,051,580 shares of the construction company’s stock worth $144,144,000 after purchasing an additional 69,222 shares during the last quarter. Sheets Smith Wealth Management purchased a new position in shares of Taylor Morrison Home in the 4th quarter worth about $550,000. Financial Enhancement Group LLC bought a new position in shares of Taylor Morrison Home during the 4th quarter valued at about $5,840,000.
Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in 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. 95.
16% of the stock is currently owned by hedge funds and other institutional investors. Insider Transactions at Taylor Morrison HomeIn other news, Director David C. Merritt sold 2,402 shares of Taylor Morrison Home stock in a transaction dated Tuesday, February 25th.
The stock was sold at an average price of $63.98, for a total transaction of $153,679.96.
The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Joseph Terracciano sold 1,537 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $60.
75, for a total transaction of $93,372.75. The disclosure for this sale can be found here.
Company insiders own 3.50% of the company’s stock. Analyst Upgrades and DowngradesTMHC has been the subject of a number of research reports.
Barclays raised shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $75.00 to $90.00 in a research note on Wednesday, December 11th.
StockNews.com cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. JPMorgan Chase & Co.
cut their target price on shares of Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th.
Royal Bank of Canada upped their price target on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the company an “outperform” rating in a report on Thursday, February 13th.
Finally, Wolfe Research raised 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 note on Wednesday, January 8th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock.
Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $82.43.
Check Out Our Latest Stock Analysis on Taylor Morrison HomeTaylor Morrison Home Price PerformanceShares of NYSE TMHC opened at $59.35 on Monday. The company has a 50 day moving average of $61.
81 and a 200 day moving average of $65.41. The company has a quick ratio of 0.
94, a current ratio of 6.39 and a debt-to-equity ratio of 0.36.
Taylor Morrison Home Co. has a twelve month low of $53.17 and a twelve month high of $75.
49. The firm has a market cap of $6.04 billion, a P/E ratio of 7.
17 and a beta of 1.76. Taylor Morrison Home (NYSE:TMHC – Get Free Report) last announced its quarterly earnings results 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 net margin of 10.81% and a return on equity of 16.
50%. As a group, research analysts expect that Taylor Morrison Home Co. will post 8.
93 EPS for the current fiscal year. Taylor Morrison Home Profile (Free Report)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.Read MoreFive stocks we like better than Taylor Morrison HomeRoth IRA Calculator: Calculate Your Potential ReturnsNewsmax’s IPO Whiplash: Meme Stock Hype or Growth Potential?What is a Bond Market Holiday? How to Invest and TradeDisney 2025 Shareholders: Major Updates for InvestorsHow is Compound Interest Calculated?Advance Auto Parts Stock: A Classic Rebound Play in the Making.
