Capital Fund Management S.A. Takes $1.93 Million Position in Taylor Morrison Home Co. (NYSE:TMHC)

Capital Fund Management S.A. bought a new position in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 31,539 shares of the construction company's stock, valued at approximately $1,931,000.

Several other large investors have also recently made changes to their positions in the business. V Square Quantitative Management LLC increased its stake in shares of 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 worth $42,000 after purchasing an additional 277 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position 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 last quarter. SRS Capital Advisors Inc. bought a new position in Taylor Morrison Home during the 4th quarter valued at about $51,000. Smartleaf Asset Management LLC raised its holdings in shares of 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 period. Finally, R Squared Ltd bought a new stake in shares of Taylor Morrison Home during the fourth quarter worth $61,000. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Taylor Morrison Home Price Performance

Taylor Morrison Home stock traded up $1.53 during midday trading on Friday, reaching $56.44. The company had a trading volume of 1,008,345 shares, compared to its average volume of 890,234. Taylor Morrison Home Co. has a 12-month low of $51.90 and a 12-month high of $75.49. The firm's fifty day simple moving average is $59.89 and its 200-day simple moving average is $64.43. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.39 and a quick ratio of 0.94. The company has a market capitalization of $5.74 billion, a P/E ratio of 6.82 and a beta of 1.76.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last released 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 return on equity of 16.50% and a net margin of 10.81%. As a group, equities analysts anticipate that Taylor Morrison Home Co. will post 8.93 EPS for the current year.

Insider Buying and Selling at Taylor Morrison Home

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

Analyst Ratings Changes

Several research analysts have issued reports on TMHC shares. JPMorgan Chase & Co. dropped their target price on shares of Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. Barclays dropped their price target on Taylor Morrison Home from $90.00 to $70.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Wolfe Research raised 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 report on Wednesday, January 8th. Royal Bank of Canada raised their target price on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Finally, StockNews.com lowered Taylor Morrison Home from a "buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Taylor Morrison Home currently has a consensus rating of "Moderate Buy" and an average target price of $78.00.

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.