Bryce Point Capital LLC Acquires New Position in Taylor Morrison Home Co. (NYSE:TMHC)

Bryce Point Capital LLC purchased a new stake in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 34,186 shares of the construction company's stock, valued at approximately $2,093,000. Taylor Morrison Home makes up approximately 0.6% of Bryce Point Capital LLC's portfolio, making the stock its 5th largest position.

Several other institutional investors and hedge funds have also modified their holdings of TMHC. V Square Quantitative Management LLC grew its stake in Taylor Morrison Home by 68.1% in the fourth quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company's stock valued at $42,000 after purchasing an additional 277 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Taylor Morrison Home by 43.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company's stock valued at $49,000 after buying an additional 243 shares in the last quarter. SRS Capital Advisors Inc. bought a new stake in shares of Taylor Morrison Home in the 4th quarter valued at approximately $51,000. Smartleaf Asset Management LLC increased its holdings in Taylor Morrison Home by 41.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company's stock worth $51,000 after buying an additional 243 shares during the last quarter. Finally, R Squared Ltd bought a new position in Taylor Morrison Home during the fourth quarter valued at approximately $61,000. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

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Taylor Morrison Home Stock Performance

NYSE TMHC traded up $1.76 during trading on Friday, hitting $59.35. The company's stock had a trading volume of 1,512,858 shares, compared to its average volume of 881,472. Taylor Morrison Home Co. has a 52 week low of $53.17 and a 52 week high of $75.49. The firm has a 50 day moving average price of $61.81 and a 200 day moving average price of $65.47. The firm has a market cap of $6.04 billion, a P/E ratio of 7.17 and a beta of 1.76. The company has a quick ratio of 0.94, a current ratio of 6.39 and a debt-to-equity ratio of 0.36.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The construction company reported $2.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.24. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. Equities research analysts forecast that Taylor Morrison Home Co. will post 8.93 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TMHC has been the topic of several analyst reports. Royal Bank of Canada increased their price target on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Wolfe Research upgraded Taylor Morrison Home from a "peer perform" rating to an "outperform" rating and set a $76.00 price target for the company in a research note on Wednesday, January 8th. Seaport Res Ptn raised Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 6th. Barclays upgraded Taylor Morrison Home from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $75.00 to $90.00 in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. lowered 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. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $82.43.

Insider Activity

In other news, CAO Joseph Terracciano sold 1,537 shares of Taylor Morrison Home stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total value of $93,372.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David C. Merritt sold 2,402 shares of Taylor Morrison Home stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total value of $153,679.96. The disclosure for this sale can be found here. Corporate insiders own 3.50% of the company's stock.

Taylor Morrison Home 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.