Dark Forest Capital Management LP Acquires 5,560 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Dark Forest Capital Management LP raised its position in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 160.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,033 shares of the construction company's stock after purchasing an additional 5,560 shares during the period. Dark Forest Capital Management LP's holdings in Taylor Morrison Home were worth $553,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in TMHC. Barclays PLC grew its stake in Taylor Morrison Home by 66.4% in the 3rd quarter. Barclays PLC now owns 420,419 shares of the construction company's stock valued at $29,539,000 after buying an additional 167,735 shares during the last quarter. World Investment Advisors LLC acquired a new stake in shares of Taylor Morrison Home during the 3rd quarter valued at about $10,291,000. Franklin Resources Inc. increased its stake in Taylor Morrison Home by 15.3% in the third quarter. Franklin Resources Inc. now owns 618,360 shares of the construction company's stock valued at $42,345,000 after acquiring an additional 81,841 shares during the period. Lord Abbett & CO. LLC raised its position in Taylor Morrison Home by 2.5% in the third quarter. Lord Abbett & CO. LLC now owns 463,287 shares of the construction company's stock worth $32,550,000 after purchasing an additional 11,302 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of Taylor Morrison Home by 3.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company's stock worth $144,144,000 after buying an additional 69,222 shares in the last quarter. Institutional investors own 95.16% of the company's stock.

Insider Transactions at Taylor Morrison Home

In other Taylor Morrison Home news, CAO Joseph Terracciano sold 1,537 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total value of $93,372.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director David C. Merritt sold 2,402 shares of the business's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $63.98, for a total transaction of $153,679.96. The disclosure for this sale can be found here. Company insiders own 1.40% of the company's stock.

Taylor Morrison Home Stock Down 0.6 %

Shares of TMHC stock traded down $0.33 on Tuesday, hitting $56.93. 736,671 shares of the stock were exchanged, compared to its average volume of 906,289. The company has a current ratio of 6.39, a quick ratio of 0.94 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $5.79 billion, a P/E ratio of 6.88 and a beta of 1.76. Taylor Morrison Home Co. has a fifty-two week low of $51.90 and a fifty-two week high of $75.49. The business has a 50-day moving average of $59.05 and a 200 day moving average of $63.84.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The construction company reported $2.18 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.33. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. The company had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $1.81 billion. During the same period last year, the business earned $1.75 EPS. The business's quarterly revenue was up 11.5% on a year-over-year basis. Equities analysts anticipate that Taylor Morrison Home Co. will post 8.93 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TMHC. Barclays set a $69.00 price target on Taylor Morrison Home and gave the company an "overweight" rating in a research report on Thursday, April 24th. Seaport Res Ptn raised shares of Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a report on Thursday, March 6th. JPMorgan Chase & Co. decreased their price objective 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. BTIG Research set a $75.00 target price on shares of Taylor Morrison Home and gave the company a "buy" rating in a research note on Wednesday, April 16th. Finally, Wedbush restated an "outperform" rating and set a $85.00 price target on shares of Taylor Morrison Home in a research report on Wednesday, April 23rd. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Taylor Morrison Home presently has an average rating of "Moderate Buy" and a consensus price target of $77.86.

About Taylor Morrison Home

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.