Congress Wealth Management LLC DE Sells 15,974 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Congress Wealth Management LLC DE lessened its stake in Taylor Morrison Home Co. (NYSE:TMHC) by 44.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,360 shares of the construction company’s stock after selling 15,974 shares during the period. Congress Wealth Management LLC DE’s holdings in Taylor Morrison Home were worth $1,246,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in TMHC. Lord Abbett & CO. LLC raised its holdings in Taylor Morrison Home by 2.5% in the 3rd quarter. Lord Abbett & CO. LLC now owns 463,287 shares of the construction company’s stock valued at $32,550,000 after acquiring an additional 11,302 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of 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 valued at $144,144,000 after purchasing an additional 69,222 shares in the last quarter. Sheets Smith Wealth Management acquired a new position in shares of Taylor Morrison Home in the fourth quarter valued at $550,000. Quantbot Technologies LP bought a new position in Taylor Morrison Home in the third quarter worth $1,925,000. Finally, Citigroup Inc. boosted its stake in Taylor Morrison Home by 61.7% during the third quarter. Citigroup Inc. now owns 170,960 shares of the construction company’s stock worth $12,012,000 after buying an additional 65,252 shares in the last quarter. 95.16% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Joseph Terracciano sold 1,537 shares of Taylor Morrison Home 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David C. Merritt sold 2,402 shares of the company’s 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.

Taylor Morrison Home Trading Up 0.6 %

TMHC stock opened at $61.27 on Friday. The business has a fifty day moving average price of $62.52 and a 200 day moving average price of $65.71. 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 fifty-two week low of $53.17 and a fifty-two week high of $75.49. The stock has a market capitalization of $6.23 billion, a price-to-earnings ratio of 7.40 and a beta of 2.06.

Taylor Morrison Home (NYSE:TMHC) last announced its earnings results 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%. Analysts expect that Taylor Morrison Home Co. will post 8.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on TMHC shares. Wolfe Research upgraded shares of 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 report on Wednesday, January 8th. StockNews.com downgraded Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Barclays raised Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $75.00 to $90.00 in a report on Wednesday, December 11th. JPMorgan Chase & Co. decreased their price target 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. Finally, Seaport Res Ptn upgraded Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 6th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $82.43.

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.