Taylor Morrison Home Co. (NYSE:TMHC) is Bruni J V & Co. Co.’s 4th Largest Position

Bruni J V & Co. Co. cut its stake in Taylor Morrison Home Co. (NYSE:TMHC) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 889,837 shares of the construction company’s stock after selling 16,040 shares during the quarter. Taylor Morrison Home comprises approximately 5.9% of Bruni J V & Co. Co.’s holdings, making the stock its 4th largest holding. Bruni J V & Co. Co. owned approximately 0.83% of Taylor Morrison Home worth $47,473,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. IFP Advisors Inc lifted its holdings in Taylor Morrison Home by 138.9% during the 3rd quarter. IFP Advisors Inc now owns 614 shares of the construction company’s stock valued at $26,000 after buying an additional 357 shares in the last quarter. Daiwa Securities Group Inc. purchased a new stake in Taylor Morrison Home in the fourth quarter worth about $48,000. Headlands Technologies LLC bought a new position in Taylor Morrison Home during the 4th quarter worth about $81,000. CWM LLC lifted its position in shares of Taylor Morrison Home by 17.2% in the 4th quarter. CWM LLC now owns 1,804 shares of the construction company’s stock worth $96,000 after purchasing an additional 265 shares during the period. Finally, Neo Ivy Capital Management purchased a new stake in shares of Taylor Morrison Home during the 3rd quarter worth $108,000. 95.16% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on TMHC shares. Seaport Res Ptn lowered shares of Taylor Morrison Home from a “buy” rating to a “neutral” rating in a research report on Monday, January 22nd. Zelman & Associates raised Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a research report on Friday, April 12th. Royal Bank of Canada upped their price target on shares of Taylor Morrison Home from $57.00 to $61.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. StockNews.com lowered Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st. Finally, Barclays increased their price objective on shares of Taylor Morrison Home from $55.00 to $60.00 and gave the company an “equal weight” rating in a research note on Thursday, February 15th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $57.20.

Taylor Morrison Home Trading Up 2.3 %

Shares of NYSE:TMHC traded up $1.28 during midday trading on Friday, reaching $57.56. The company’s stock had a trading volume of 530,427 shares, compared to its average volume of 711,032. The business has a 50 day moving average price of $57.49 and a 200 day moving average price of $51.37. Taylor Morrison Home Co. has a 1 year low of $37.23 and a 1 year high of $62.64. The firm has a market cap of $6.13 billion, a price-to-earnings ratio of 8.25 and a beta of 1.87. The company has a quick ratio of 1.13, a current ratio of 6.00 and a debt-to-equity ratio of 0.38.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings data on Wednesday, February 14th. The construction company reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.23. Taylor Morrison Home had a net margin of 10.37% and a return on equity of 16.21%. The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the prior year, the company posted $2.93 EPS. The company’s quarterly revenue was down 19.0% compared to the same quarter last year. Research analysts forecast that Taylor Morrison Home Co. will post 7.29 EPS for the current year.

Insiders Place Their Bets

In other Taylor Morrison Home news, Director William H. Lyon sold 153,000 shares of the firm’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $62.32, for a total value of $9,534,960.00. Following the transaction, the director now directly owns 40,570 shares of the company’s stock, valued at $2,528,322.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director William H. Lyon sold 153,000 shares of Taylor Morrison Home stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $62.32, for a total transaction of $9,534,960.00. Following the sale, the director now owns 40,570 shares in the company, valued at $2,528,322.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William H. Lyon sold 20,896 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $56.01, for a total transaction of $1,170,384.96. Following the completion of the transaction, the director now owns 2,837,020 shares of the company’s stock, valued at $158,901,490.20. The disclosure for this sale can be found here. Insiders have sold a total of 613,537 shares of company stock valued at $36,409,767 over the last quarter. Company insiders own 5.50% of the company’s stock.

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.