Entropy Technologies LP Makes New $422,000 Investment in Taylor Morrison Home Co. (NYSE:TMHC)

Entropy Technologies LP purchased a new position in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 6,892 shares of the construction company's stock, valued at approximately $422,000.

A number of other large investors have also recently bought and sold shares of the business. Empowered Funds LLC boosted its stake in Taylor Morrison Home by 0.9% during the 4th quarter. Empowered Funds LLC now owns 48,496 shares of the construction company's stock worth $2,968,000 after purchasing an additional 449 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its position in Taylor Morrison Home by 19.4% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 36,900 shares of the construction company's stock worth $2,259,000 after buying an additional 6,000 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in Taylor Morrison Home by 9.2% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 8,300 shares of the construction company's stock worth $508,000 after buying an additional 700 shares during the last quarter. Meritage Portfolio Management raised its position in Taylor Morrison Home by 12.3% during the 4th quarter. Meritage Portfolio Management now owns 12,615 shares of the construction company's stock worth $772,000 after buying an additional 1,380 shares during the last quarter. Finally, Choreo LLC raised its position in Taylor Morrison Home by 2.3% during the 4th quarter. Choreo LLC now owns 15,642 shares of the construction company's stock worth $956,000 after buying an additional 358 shares during the last quarter. Institutional investors and hedge funds own 95.16% of the company's stock.

Insider Buying and Selling at Taylor Morrison Home

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on TMHC. JPMorgan Chase & Co. cut their price objective on shares of Taylor Morrison Home from $101.00 to $90.00 and set an "overweight" rating for the company in a research report on Friday, December 13th. Barclays upgraded shares of Taylor Morrison Home from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $75.00 to $90.00 in a research report on Wednesday, December 11th. Seaport Res Ptn downgraded shares of Taylor Morrison Home from a "hold" rating to a "strong sell" rating in a research report on Monday, January 27th. Royal Bank of Canada increased their price target on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the company an "outperform" rating in a report on Thursday. Finally, Wedbush upgraded shares of Taylor Morrison Home from a "neutral" rating to an "outperform" rating and increased their price target for the company from $65.00 to $85.00 in a report on Friday, October 25th. 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 company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $83.57.

Taylor Morrison Home Price Performance

NYSE:TMHC traded up $0.16 during mid-day trading on Friday, hitting $64.11. 1,156,444 shares of the company's stock traded hands, compared to its average volume of 928,946. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.69 and a current ratio of 6.24. The firm's 50 day simple moving average is $63.43 and its 200 day simple moving average is $66.32. Taylor Morrison Home Co. has a 1 year low of $53.17 and a 1 year high of $75.49. The company has a market cap of $6.63 billion, a PE ratio of 8.48 and a beta of 2.03.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last posted its earnings results on Wednesday, February 12th. The construction company reported $2.64 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.24. Taylor Morrison Home had a net margin of 10.39% and a return on equity of 15.91%. Sell-side analysts expect that Taylor Morrison Home Co. will post 8.44 EPS for the current year.

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.