Parkside Financial Bank & Trust Grows Stock Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

Parkside Financial Bank & Trust lifted its stake in Taylor Morrison Home Co. (NYSE:TMHC) by 68.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,441 shares of the construction company’s stock after buying an additional 586 shares during the period. Parkside Financial Bank & Trust’s holdings in Taylor Morrison Home were worth $88,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. CIBC Asset Management Inc increased its holdings in shares of Taylor Morrison Home by 5.5% in the fourth quarter. CIBC Asset Management Inc now owns 3,302 shares of the construction company’s stock worth $202,000 after buying an additional 173 shares during the period. Pacer Advisors Inc. grew its stake in shares of Taylor Morrison Home by 1.2% in the fourth quarter. Pacer Advisors Inc. now owns 15,428 shares of the construction company’s stock worth $944,000 after purchasing an additional 180 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of Taylor Morrison Home by 2.9% in the third quarter. Captrust Financial Advisors now owns 8,340 shares of the construction company’s stock worth $586,000 after purchasing an additional 234 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of 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 purchasing an additional 243 shares during the last quarter. Finally, Savant Capital LLC grew its stake in shares of Taylor Morrison Home by 5.3% in the fourth quarter. Savant Capital LLC now owns 5,012 shares of the construction company’s stock worth $307,000 after purchasing an additional 251 shares during the last quarter. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Insider Activity

In other news, Director David C. Merritt sold 2,402 shares of Taylor Morrison Home stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total transaction of $153,679.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.50% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on TMHC. 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. JPMorgan Chase & Co. cut their target price on 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. StockNews.com cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Seaport Res Ptn cut Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a research note on Monday, January 27th. Finally, Royal Bank of Canada raised their target price on Taylor Morrison Home from $72.00 to $74.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Taylor Morrison Home presently has an average rating of “Moderate Buy” and a consensus target price of $82.43.

Taylor Morrison Home Stock Performance

Taylor Morrison Home stock opened at $61.59 on Monday. The stock’s 50 day simple moving average is $62.95 and its two-hundred day simple moving average is $66.38. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.94 and a current ratio of 6.39. The stock has a market cap of $6.37 billion, a price-to-earnings ratio of 7.44 and a beta of 2.03. Taylor Morrison Home Co. has a fifty-two week low of $53.17 and a fifty-two week high of $75.49.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings data on Wednesday, February 12th. The construction company reported $2.64 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.24. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. As a group, analysts expect that Taylor Morrison Home Co. will post 8.93 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.