Hexavest Inc. lowered its position in Taylor Morrison Home Corporation (NYSE:TMHC) by 86.9% in the 4th quarter, Holdings Channel reports. The firm owned 161,500 shares of the construction company’s stock after selling 1,071,006 shares during the period. Hexavest Inc.’s holdings in Taylor Morrison Home were worth $3,952,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in TMHC. Great West Life Assurance Co. Can raised its holdings in shares of Taylor Morrison Home by 52.9% in the second quarter. Great West Life Assurance Co. Can now owns 6,882 shares of the construction company’s stock valued at $165,000 after purchasing an additional 2,382 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Taylor Morrison Home by 79.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 371,160 shares of the construction company’s stock valued at $8,912,000 after purchasing an additional 164,563 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Taylor Morrison Home by 56.8% in the second quarter. Rhumbline Advisers now owns 65,577 shares of the construction company’s stock valued at $1,575,000 after purchasing an additional 23,752 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Taylor Morrison Home in the second quarter valued at about $184,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of Taylor Morrison Home by 25.6% in the second quarter. Bank of New York Mellon Corp now owns 315,964 shares of the construction company’s stock valued at $7,586,000 after purchasing an additional 64,337 shares during the last quarter. Institutional investors own 59.08% of the company’s stock.

Several analysts have recently commented on TMHC shares. ValuEngine downgraded shares of Taylor Morrison Home from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 2nd. BidaskClub downgraded shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Saturday, November 4th. B. Riley reiterated a “neutral” rating on shares of Taylor Morrison Home in a report on Thursday, November 2nd. Susquehanna Bancshares upgraded shares of Taylor Morrison Home from a “neutral” rating to a “positive” rating in a report on Thursday, January 4th. Finally, Citigroup upgraded shares of Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $30.00 target price for the company in a report on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $27.57.

Taylor Morrison Home Corporation (NYSE TMHC) opened at $27.75 on Friday. The firm has a market cap of $3,320.00, a PE ratio of 44.76, a P/E/G ratio of 0.99 and a beta of 1.47. The company has a current ratio of 6.85, a quick ratio of 0.81 and a debt-to-equity ratio of 0.63. Taylor Morrison Home Corporation has a 1 year low of $18.26 and a 1 year high of $28.42.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings results on Wednesday, November 1st. The construction company reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.04. The company had revenue of $908.00 million during the quarter, compared to analyst estimates of $914.19 million. Taylor Morrison Home had a net margin of 2.41% and a return on equity of 4.18%. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.49 earnings per share. equities analysts forecast that Taylor Morrison Home Corporation will post 1.85 EPS for the current year.

Taylor Morrison Home declared that its board has authorized a stock buyback plan on Wednesday, January 3rd that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the construction company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

In related news, insider C. David Cone sold 35,000 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $23.79, for a total transaction of $832,650.00. Following the completion of the transaction, the insider now owns 42,511 shares in the company, valued at $1,011,336.69. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.40% of the stock is currently owned by corporate insiders.

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Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation is a homebuilder, which designs, builds and sells single-family detached and attached homes. The Company is also a land developer, with a portfolio of lifestyle and master-planned communities. Its segments include East, which includes Atlanta, Charlotte, North Florida, Raleigh, Southwest Florida and Tampa; Central, which includes Austin, Dallas, and Houston (each of the Dallas and Houston markets include both a Taylor Morrison division and a Darling Homes division); West, which includes Bay Area, Chicago, Denver, Phoenix, Sacramento and Southern California, and Mortgage Operations, which includes Taylor Morrison Home Funding, LLC (TMHF) and Inspired Title Services, LLC (Inspired Title).

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Institutional Ownership by Quarter for Taylor Morrison Home (NYSE:TMHC)

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