Daiwa Securities Group Inc. Acquires 2,700 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Daiwa Securities Group Inc. grew its position in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 22.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 14,600 shares of the construction company’s stock after acquiring an additional 2,700 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Taylor Morrison Home were worth $894,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Taylor Morrison Home by 20.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,672 shares of the construction company’s stock valued at $1,877,000 after buying an additional 5,307 shares during the period. Ruffer LLP bought a new position in shares of Taylor Morrison Home during the 4th quarter valued at $3,051,000. Raymond James Financial Inc. bought a new position in shares of Taylor Morrison Home during the 4th quarter valued at $5,031,000. Proficio Capital Partners LLC bought a new position in shares of Taylor Morrison Home during the 4th quarter valued at $4,489,000. Finally, Assetmark Inc. lifted its holdings in shares of Taylor Morrison Home by 2.1% during the 4th quarter. Assetmark Inc. now owns 760,920 shares of the construction company’s stock valued at $46,576,000 after buying an additional 15,819 shares during the period. 95.16% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Barclays raised 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 raised their target price on 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 cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Seaport Res Ptn raised Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Thursday, March 6th. Finally, JPMorgan Chase & Co. decreased their target price on 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 research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $82.43.

Insider Activity

In other news, CAO Joseph Terracciano sold 1,537 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total transaction of $93,372.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David C. Merritt sold 2,402 shares of Taylor Morrison Home stock in a transaction dated Tuesday, February 25th. The stock was 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. Company insiders own 3.50% of the company’s stock.

Taylor Morrison Home Trading Up 1.0 %

Shares of TMHC stock opened at $58.64 on Friday. Taylor Morrison Home Co. has a 52-week low of $53.17 and a 52-week high of $75.49. 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 firm has a market capitalization of $5.97 billion, a PE ratio of 7.08 and a beta of 2.06. The stock has a fifty day simple moving average of $62.82 and a two-hundred day simple moving average of $66.06.

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 return on equity of 16.50% and a net margin of 10.81%. On average, analysts predict that Taylor Morrison Home Co. will post 8.93 EPS for the current fiscal year.

About Taylor Morrison Home

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.