Taylor Morrison Home Co. (NYSE:TMHC) Shares Sold by Greenleaf Trust

Greenleaf Trust lessened its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 3.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 9,865 shares of the construction company’s stock after selling 405 shares during the quarter. Greenleaf Trust’s holdings in Taylor Morrison Home were worth $604,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Creative Planning raised its position in shares of Taylor Morrison Home by 21.1% during the 2nd quarter. Creative Planning now owns 20,315 shares of the construction company’s stock worth $1,126,000 after buying an additional 3,533 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Taylor Morrison Home by 38.6% during the 2nd quarter. Cetera Investment Advisers now owns 25,446 shares of the construction company’s stock worth $1,411,000 after buying an additional 7,086 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Taylor Morrison Home during the 2nd quarter worth about $766,000. SG Americas Securities LLC increased its position in shares of Taylor Morrison Home by 121.6% during the 3rd quarter. SG Americas Securities LLC now owns 5,327 shares of the construction company’s stock valued at $374,000 after purchasing an additional 2,923 shares during the period. Finally, Park Avenue Securities LLC raised its stake in shares of Taylor Morrison Home by 17.8% in the 3rd quarter. Park Avenue Securities LLC now owns 6,163 shares of the construction company’s stock worth $433,000 after buying an additional 932 shares in the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. 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 shares of Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a research note on Monday, January 27th. Royal Bank of Canada boosted their target price on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Barclays upgraded shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $75.00 to $90.00 in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. decreased their target price on Taylor Morrison Home from $101.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, December 13th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $84.00.

Taylor Morrison Home Price Performance

Shares of TMHC opened at $64.19 on Wednesday. The company has a market capitalization of $6.64 billion, a price-to-earnings ratio of 8.49 and a beta of 2.03. Taylor Morrison Home Co. has a fifty-two week low of $51.18 and a fifty-two week 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. The business’s 50-day moving average is $65.00 and its 200-day moving average is $66.50.

Insider Activity

In other news, Director William H. Lyon sold 9,075 shares of Taylor Morrison Home stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $72.08, for a total transaction of $654,126.00. Following the completion of the sale, the director now directly owns 2,136,241 shares in the company, valued at $153,980,251.28. The trade was a 0.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.50% of the stock is owned by corporate insiders.

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.