Choreo LLC Buys 358 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Choreo LLC boosted its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 2.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 15,642 shares of the construction company’s stock after acquiring an additional 358 shares during the period. Choreo LLC’s holdings in Taylor Morrison Home were worth $956,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. State Street Corp grew its holdings in shares of Taylor Morrison Home by 2.8% during the 3rd quarter. State Street Corp now owns 4,987,968 shares of the construction company’s stock worth $350,455,000 after purchasing an additional 136,432 shares in the last quarter. Principal Financial Group Inc. lifted its position in Taylor Morrison Home by 3.5% during the third quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company’s stock worth $144,144,000 after purchasing an additional 69,222 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Taylor Morrison Home by 26.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,362,020 shares of the construction company’s stock worth $95,696,000 after buying an additional 282,227 shares in the last quarter. Fisher Asset Management LLC increased its holdings in Taylor Morrison Home by 2.5% in the 3rd quarter. Fisher Asset Management LLC now owns 1,151,977 shares of the construction company’s stock valued at $80,938,000 after buying an additional 28,166 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in shares of Taylor Morrison Home by 271.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 896,032 shares of the construction company’s stock valued at $62,955,000 after buying an additional 654,541 shares in the last quarter. 95.16% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TMHC has been the topic of several analyst reports. Barclays upgraded shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $75.00 to $90.00 in a research report on Wednesday, December 11th. Wedbush upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $65.00 to $85.00 in a research note on Friday, October 25th. StockNews.com cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Seaport Res Ptn lowered Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a research note on Monday, January 27th. Finally, Raymond James reissued an “outperform” rating and set a $84.00 target price (up previously from $81.00) on shares of Taylor Morrison Home in a research note on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Taylor Morrison Home has an average rating of “Moderate Buy” and a consensus target price of $84.00.

Taylor Morrison Home Stock Performance

Shares of TMHC stock opened at $61.54 on Monday. The firm has a market capitalization of $6.37 billion, a price-to-earnings ratio of 8.14 and a beta of 2.03. The company has a current ratio of 6.24, a quick ratio of 0.69 and a debt-to-equity ratio of 0.37. The business’s 50-day moving average price is $64.18 and its 200-day moving average price is $66.44. Taylor Morrison Home Co. has a 12 month low of $52.72 and a 12 month high of $75.49.

Insider Activity at Taylor Morrison Home

In related news, Director William H. Lyon sold 24,284 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $74.46, for a total value of $1,808,186.64. Following the completion of the sale, the director now directly owns 2,045,316 shares in the company, valued at $152,294,229.36. This represents a 1.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.50% of the stock is owned by company insiders.

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.