Empirical Finance LLC Lowers Stake in Taylor Morrison Home Co. (NYSE:TMHC)

Empirical Finance LLC lessened its holdings in Taylor Morrison Home Co. (NYSE:TMHC) by 51.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,538 shares of the construction company’s stock after selling 10,953 shares during the quarter. Empirical Finance LLC’s holdings in Taylor Morrison Home were worth $645,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. MQS Management LLC bought a new stake in shares of Taylor Morrison Home in the 3rd quarter worth approximately $768,000. Lord Abbett & CO. LLC raised its stake in Taylor Morrison Home by 2.5% during the third quarter. Lord Abbett & CO. LLC now owns 463,287 shares of the construction company’s stock valued at $32,550,000 after buying an additional 11,302 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Taylor Morrison Home by 3.5% in the third quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company’s stock worth $144,144,000 after acquiring an additional 69,222 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of Taylor Morrison Home in the third quarter worth $1,899,000. Finally, Sheets Smith Wealth Management bought a new position in shares of Taylor Morrison Home during the fourth quarter valued at $550,000. Institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Stock Performance

TMHC stock opened at $62.16 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.24 and a quick ratio of 0.69. Taylor Morrison Home Co. has a 1 year low of $52.72 and a 1 year high of $75.49. The company has a market cap of $6.43 billion, a P/E ratio of 8.22 and a beta of 2.03. The stock’s fifty day moving average price is $64.18 and its 200-day moving average price is $66.45.

Insiders Place Their Bets

In other news, Director William H. Lyon sold 24,284 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $74.46, for a total transaction of $1,808,186.64. Following the completion of the sale, the director now owns 2,045,316 shares of the company’s stock, valued at $152,294,229.36. The trade was a 1.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 3.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on TMHC shares. JPMorgan Chase & Co. dropped their price target on shares of 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. 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. BTIG Research boosted their price objective on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. StockNews.com downgraded Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Finally, Raymond James restated an “outperform” rating and issued a $84.00 price target (up previously from $81.00) on shares of Taylor Morrison Home in a research note on Tuesday, October 29th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Taylor Morrison Home has a consensus rating of “Moderate Buy” and a consensus target price of $84.00.

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.