Norges Bank Buys Shares of 1,532,593 Taylor Morrison Home Co. (NYSE:TMHC)

Norges Bank bought a new position in Taylor Morrison Home Co. (NYSE:TMHC) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,532,593 shares of the construction company’s stock, valued at approximately $93,810,000.

Other hedge funds also recently modified their holdings of the company. Cerity Partners LLC boosted its holdings in Taylor Morrison Home by 47.2% in the third quarter. Cerity Partners LLC now owns 17,689 shares of the construction company’s stock worth $1,243,000 after purchasing an additional 5,668 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Taylor Morrison Home by 1.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 240,525 shares of the construction company’s stock worth $16,899,000 after buying an additional 4,278 shares during the last quarter. Captrust Financial Advisors boosted its position in Taylor Morrison Home by 2.9% during 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 period. Paloma Partners Management Co acquired a new position in Taylor Morrison Home in the 3rd quarter valued at $561,000. Finally, Centiva Capital LP acquired a new stake in shares of Taylor Morrison Home in the third quarter valued at about $206,000. Institutional investors and hedge funds own 95.16% of the company’s stock.

Taylor Morrison Home Stock Up 0.8 %

TMHC opened at $60.55 on Wednesday. The firm has a market cap of $6.16 billion, a price-to-earnings ratio of 7.31 and a beta of 2.06. 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’s 50-day simple moving average is $62.19 and its 200-day simple moving average is $65.62. Taylor Morrison Home Co. has a twelve month low of $53.17 and a twelve month high of $75.49.

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, topping 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%. Equities research analysts anticipate that Taylor Morrison Home Co. will post 8.93 EPS for the current fiscal year.

Insider Buying and Selling at Taylor Morrison Home

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

Wall Street Analyst Weigh In

Several analysts have issued reports 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 price target on the stock in a research report on Wednesday, January 8th. JPMorgan Chase & Co. lowered 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. Seaport Res Ptn upgraded Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 6th. Royal Bank of Canada boosted their price objective on Taylor Morrison Home from $72.00 to $74.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Finally, Barclays raised Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $75.00 to $90.00 in a research report on Wednesday, December 11th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.