AXQ Capital LP acquired a new stake in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,384 shares of the construction company's stock, valued at approximately $268,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vision Capital Corp acquired a new stake in Taylor Morrison Home during the third quarter valued at approximately $38,173,000. Charles Schwab Investment Management Inc. raised its position in shares of Taylor Morrison Home by 26.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,362,020 shares of the construction company's stock valued at $95,696,000 after acquiring an additional 282,227 shares in the last quarter. Boston Partners lifted its stake in Taylor Morrison Home by 88.7% during the fourth quarter. Boston Partners now owns 594,347 shares of the construction company's stock worth $36,794,000 after purchasing an additional 279,361 shares during the last quarter. Barclays PLC boosted its holdings in Taylor Morrison Home by 66.4% in the third quarter. Barclays PLC now owns 420,419 shares of the construction company's stock worth $29,539,000 after purchasing an additional 167,735 shares during the period. Finally, World Investment Advisors LLC bought a new stake in Taylor Morrison Home during the third quarter valued at $10,291,000. 95.16% of the stock is currently owned by hedge funds and other institutional investors.
Taylor Morrison Home Trading Up 0.6 %
Shares of Taylor Morrison Home stock traded up $0.38 on Thursday, reaching $61.27. 832,583 shares of the company were exchanged, compared to its average volume of 824,207. The company has a current ratio of 6.39, a quick ratio of 0.94 and a debt-to-equity ratio of 0.36. Taylor Morrison Home Co. has a fifty-two week low of $53.17 and a fifty-two week high of $75.49. The firm has a market capitalization of $6.23 billion, a price-to-earnings ratio of 7.40 and a beta of 2.06. The stock has a fifty day moving average price of $62.62 and a 200-day moving average price of $65.75.
Taylor Morrison Home (NYSE:TMHC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The construction company reported $2.64 EPS for the quarter, topping analysts' consensus estimates of $2.40 by $0.24. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. On average, analysts expect that Taylor Morrison Home Co. will post 8.93 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on TMHC. Wolfe Research upgraded Taylor Morrison Home from a "peer perform" rating to an "outperform" rating and set a $76.00 target price on the stock in a research note on Wednesday, January 8th. JPMorgan Chase & Co. dropped their price target on shares of Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th. Royal Bank of Canada boosted their price objective on Taylor Morrison Home from $72.00 to $74.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Barclays upgraded Taylor Morrison Home from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $75.00 to $90.00 in a research report on Wednesday, December 11th. Finally, Seaport Res Ptn raised Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 6th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $82.43.
Check Out Our Latest Stock Analysis on TMHC
Insider Activity
In other Taylor Morrison Home news, Director David C. Merritt sold 2,402 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total value of $153,679.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Joseph Terracciano sold 1,537 shares of the firm's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total transaction of $93,372.75. The disclosure for this sale can be found here. 3.50% of the stock is currently owned by corporate insiders.
About Taylor Morrison Home
(
Free Report)
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.
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