Swiss National Bank Trims Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

Swiss National Bank reduced its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 0.7% in the fourth quarter, HoldingsChannel reports. The fund owned 205,060 shares of the construction company’s stock after selling 1,500 shares during the period. Swiss National Bank’s holdings in Taylor Morrison Home were worth $12,552,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. V Square Quantitative Management LLC lifted 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 valued at $42,000 after purchasing an additional 277 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings 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 acquiring an additional 243 shares in the last quarter. SRS Capital Advisors Inc. bought a new stake in Taylor Morrison Home in the fourth quarter worth $51,000. Smartleaf Asset Management LLC grew its stake in shares of Taylor Morrison Home by 41.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company’s stock worth $51,000 after acquiring an additional 243 shares during the last quarter. Finally, R Squared Ltd bought a new position in shares of Taylor Morrison Home during the fourth quarter valued at $61,000. Institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Stock Performance

TMHC stock opened at $60.26 on Thursday. The company has a market cap of $6.13 billion, a P/E ratio of 7.28 and a beta of 2.06. 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 1 year low of $53.17 and a 1 year high of $75.49. The stock’s fifty day moving average price is $62.75 and its 200-day moving average price is $65.90.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings results on Wednesday, February 12th. The construction company reported $2.64 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, equities analysts forecast that Taylor Morrison Home Co. will post 8.93 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Joseph Terracciano sold 1,537 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total value of $93,372.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David C. Merritt sold 2,402 shares of Taylor Morrison Home stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total value of $153,679.96. The disclosure for this sale can be found here. Insiders own 3.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. dropped 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 research note on Tuesday, February 18th. 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. Royal Bank of Canada boosted their price objective 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 downgraded Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Finally, Barclays upgraded Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $75.00 to $90.00 in a research note on Wednesday, December 11th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Taylor Morrison Home has a consensus rating of “Moderate Buy” and an average target price of $82.43.

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.