Victory Capital Management Inc. Sells 564 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Victory Capital Management Inc. lowered its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 0.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 267,168 shares of the construction company’s stock after selling 564 shares during the period. Victory Capital Management Inc. owned approximately 0.26% of Taylor Morrison Home worth $16,353,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of TMHC. Aigen Investment Management LP bought a new stake in Taylor Morrison Home during the third quarter worth about $789,000. MQS Management LLC bought a new stake in Taylor Morrison Home during the third quarter worth about $768,000. KBC Group NV boosted its stake in Taylor Morrison Home by 20.8% during the third quarter. KBC Group NV now owns 3,121 shares of the construction company’s stock worth $219,000 after acquiring an additional 538 shares in the last quarter. CIBC Asset Management Inc bought a new position in shares of Taylor Morrison Home in the third quarter worth approximately $220,000. Finally, Royce & Associates LP grew its holdings in shares of Taylor Morrison Home by 1.8% during the third quarter. Royce & Associates LP now owns 163,063 shares of the construction company’s stock valued at $11,457,000 after buying an additional 2,940 shares during the last quarter. Institutional investors own 95.16% of the company’s stock.

Analysts Set New Price Targets

TMHC has been the topic of a number of recent analyst reports. Wolfe Research upgraded shares of Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price target on the stock 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 price target for the company from $75.00 to $90.00 in a report on Wednesday, December 11th. Royal Bank of Canada increased 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. Seaport Res Ptn upgraded shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Thursday, March 6th. Finally, JPMorgan Chase & Co. cut their price target 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. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $82.43.

Insiders Place Their Bets

In other Taylor Morrison Home news, CAO Joseph Terracciano sold 1,537 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total value of $93,372.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director David C. Merritt sold 2,402 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $63.98, for a total transaction 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 Stock Down 1.5 %

Shares of Taylor Morrison Home stock opened at $59.55 on Thursday. The company has a market cap of $6.06 billion, a price-to-earnings ratio of 7.19 and a beta of 2.06. The company’s 50 day moving average is $62.92 and its 200 day moving average is $66.19. Taylor Morrison Home Co. has a twelve month low of $53.17 and a twelve month high of $75.49. 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 (NYSE:TMHC) last issued its quarterly earnings data on Wednesday, February 12th. The construction company reported $2.64 earnings per share for the quarter, beating 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%. Research analysts anticipate that Taylor Morrison Home Co. will post 8.93 EPS for the current year.

Taylor Morrison Home 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.