Nordea Investment Management AB Has $8.53 Million Position in Taylor Morrison Home Co. (NYSE:TMHC)

Nordea Investment Management AB lifted its position in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 138,871 shares of the construction company’s stock after purchasing an additional 2,760 shares during the period. Nordea Investment Management AB owned 0.13% of Taylor Morrison Home worth $8,529,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of TMHC. V Square Quantitative Management LLC acquired a new position in Taylor Morrison Home in the 3rd quarter valued at about $29,000. Harbor Capital Advisors Inc. acquired a new stake in Taylor Morrison Home during the 3rd quarter worth approximately $34,000. UMB Bank n.a. boosted its stake in Taylor Morrison Home by 263.9% in the 3rd quarter. UMB Bank n.a. now owns 535 shares of the construction company’s stock valued at $38,000 after purchasing an additional 388 shares during the period. Peterson Financial Group Inc. bought a new position in Taylor Morrison Home during the 3rd quarter worth $62,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Taylor Morrison Home during the second quarter worth $100,000. 95.16% of the stock is owned by institutional investors.

Insider Activity at Taylor Morrison Home

In other news, EVP Darrell Sherman sold 68,433 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $70.50, for a total value of $4,824,526.50. Following the transaction, the executive vice president now owns 109,217 shares in the company, valued at approximately $7,699,798.50. The trade was a 38.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William H. Lyon sold 24,284 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $74.46, for a total transaction of $1,808,186.64. Following the sale, the director now owns 2,045,316 shares of the company’s stock, valued at approximately $152,294,229.36. This trade represents a 1.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 128,549 shares of company stock worth $9,159,829 over the last three months. Company insiders own 3.50% of the company’s stock.

Analysts Set New Price Targets

TMHC has been the subject of several analyst reports. Royal Bank of Canada lifted their price objective on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Wedbush upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $65.00 to $85.00 in a research note on Friday, October 25th. BTIG Research increased their target price on 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 cut shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Raymond James reissued an “outperform” rating and issued a $84.00 target price (up from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $84.00.

Taylor Morrison Home Price Performance

Shares of NYSE:TMHC opened at $60.91 on Friday. The firm has a 50 day simple moving average of $67.03 and a 200 day simple moving average of $65.47. The company has a market cap of $6.30 billion, a price-to-earnings ratio of 8.06 and a beta of 2.01. Taylor Morrison Home Co. has a one year low of $50.68 and a one year high of $75.49. 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 (NYSE:TMHC) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.06 by $0.31. Taylor Morrison Home had a return on equity of 15.91% and a net margin of 10.39%. The company had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the prior year, the firm posted $1.62 earnings per share. The firm’s revenue was up 26.6% compared to the same quarter last year. Research analysts predict that Taylor Morrison Home Co. will post 8.44 earnings per share for the current fiscal year.

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.