Deutsche Bank AG Grows Stake in Taylor Morrison Home Co. (NYSE:TMHC)

Deutsche Bank AG boosted its position in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 25.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 180,023 shares of the construction company’s stock after purchasing an additional 36,142 shares during the quarter. Deutsche Bank AG owned about 0.17% of Taylor Morrison Home worth $11,019,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. CIBC Asset Management Inc increased its holdings in Taylor Morrison Home by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 3,302 shares of the construction company’s stock worth $202,000 after purchasing an additional 173 shares during the period. Pacer Advisors Inc. increased its holdings in Taylor Morrison Home by 1.2% during the 4th quarter. Pacer Advisors Inc. now owns 15,428 shares of the construction company’s stock worth $944,000 after purchasing an additional 180 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Taylor Morrison Home by 43.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company’s stock worth $49,000 after purchasing an additional 243 shares during the period. Smartleaf Asset Management LLC increased its holdings in Taylor Morrison Home by 41.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company’s stock worth $51,000 after purchasing an additional 243 shares during the period. Finally, Savant Capital LLC increased its holdings in Taylor Morrison Home by 5.3% during the 4th quarter. Savant Capital LLC now owns 5,012 shares of the construction company’s stock worth $307,000 after purchasing an additional 251 shares during the period. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TMHC has been the topic of a number of analyst reports. JPMorgan Chase & Co. cut their price target on Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. Wedbush reiterated an “outperform” rating and issued a $85.00 price target on shares of Taylor Morrison Home in a report on Wednesday, April 23rd. BTIG Research set a $75.00 price target on Taylor Morrison Home and gave the company a “buy” rating in a report on Wednesday, April 16th. Bank of America started coverage on Taylor Morrison Home in a report on Monday, May 5th. They issued a “buy” rating and a $70.00 price target on the stock. Finally, Barclays set a $69.00 target price on shares of Taylor Morrison Home and gave the company an “overweight” rating in a research report on Thursday, April 24th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Taylor Morrison Home has a consensus rating of “Moderate Buy” and a consensus price target of $76.88.

Taylor Morrison Home Stock Up 1.7%

Shares of TMHC stock opened at $59.92 on Friday. Taylor Morrison Home Co. has a 1-year low of $51.90 and a 1-year high of $75.49. The stock’s fifty day moving average price is $58.31 and its 200 day moving average price is $62.95. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.39 and a quick ratio of 0.94. The company has a market cap of $6.01 billion, a price-to-earnings ratio of 7.24 and a beta of 1.68.

Taylor Morrison Home (NYSE:TMHC) last announced its earnings results on Wednesday, April 23rd. The construction company reported $2.18 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.33. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the previous year, the business earned $1.75 EPS. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. On average, research analysts expect that Taylor Morrison Home Co. will post 8.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Taylor Morrison Home news, Director David C. Merritt sold 2,402 shares of Taylor Morrison Home stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $63.98, for a total transaction of $153,679.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Joseph Terracciano sold 1,537 shares of Taylor Morrison Home stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total value of $93,372.75. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by insiders.

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.