Janney Montgomery Scott LLC Makes New Investment in Taylor Morrison Home Co. (NYSE:TMHC)

Janney Montgomery Scott LLC purchased a new stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 6,855 shares of the construction company’s stock, valued at approximately $420,000.

Other large investors have also made changes to their positions in the company. V Square Quantitative Management LLC bought a new stake in shares of Taylor Morrison Home during the 3rd quarter valued at about $29,000. Harbor Capital Advisors Inc. bought a new stake in shares of Taylor Morrison Home during the 3rd quarter valued at about $34,000. UMB Bank n.a. grew its stake in shares of Taylor Morrison Home by 263.9% during the 3rd quarter. UMB Bank n.a. now owns 535 shares of the construction company’s stock valued at $38,000 after purchasing an additional 388 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of 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 valued at $49,000 after purchasing an additional 243 shares during the period. Finally, Peterson Financial Group Inc. bought a new stake in shares of Taylor Morrison Home during the 3rd quarter valued at about $62,000. 95.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TMHC has been the subject of a number of recent research reports. Royal Bank of Canada boosted their price target on Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Raymond James reissued an “outperform” rating and issued a $84.00 target price (up from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th. Seaport Res Ptn lowered shares of Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a report on Monday, January 27th. StockNews.com lowered shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, Wolfe Research raised shares of Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 target price for the company in a report on Wednesday, January 8th. 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $84.00.

Insider Activity at Taylor Morrison Home

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

Taylor Morrison Home Trading Down 4.7 %

Shares of TMHC opened at $61.54 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.24 and a quick ratio of 0.69. Taylor Morrison Home Co. has a 1 year low of $52.72 and a 1 year high of $75.49. The company has a 50 day simple moving average of $64.18 and a two-hundred day simple moving average of $66.44. The firm has a market cap of $6.37 billion, a P/E ratio of 8.14 and a beta of 2.03.

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.