Qsemble Capital Management LP Takes $552,000 Position in Taylor Morrison Home Co. (NYSE:TMHC)

Qsemble Capital Management LP purchased a new position in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 9,952 shares of the construction company's stock, valued at approximately $552,000.

A number of other large investors have also recently bought and sold shares of TMHC. Norges Bank acquired a new stake in shares of Taylor Morrison Home in the 4th quarter valued at approximately $63,137,000. Wedge Capital Management L L P NC boosted its holdings in shares of Taylor Morrison Home by 1,910.4% in the 2nd quarter. Wedge Capital Management L L P NC now owns 727,919 shares of the construction company's stock valued at $40,356,000 after buying an additional 691,711 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Taylor Morrison Home by 4,586.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 663,385 shares of the construction company's stock valued at $41,243,000 after buying an additional 649,230 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of Taylor Morrison Home by 99.3% in the 4th quarter. Assetmark Inc. now owns 786,812 shares of the construction company's stock valued at $41,976,000 after buying an additional 391,964 shares during the last quarter. Finally, Lord Abbett & CO. LLC boosted its holdings in shares of Taylor Morrison Home by 203.0% in the 1st quarter. Lord Abbett & CO. LLC now owns 440,717 shares of the construction company's stock valued at $27,400,000 after buying an additional 295,256 shares during the last quarter. Institutional investors and hedge funds own 95.16% of the company's stock.

Insider Buying and Selling

In related news, Director William H. Lyon sold 30,000 shares of the firm's stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $64.33, for a total value of $1,929,900.00. Following the transaction, the director now owns 2,255,316 shares in the company, valued at $145,084,478.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Taylor Morrison Home news, Director William H. Lyon sold 30,000 shares of Taylor Morrison Home stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $64.33, for a total value of $1,929,900.00. Following the transaction, the director now owns 2,255,316 shares in the company, valued at $145,084,478.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William H. Lyon sold 1,741 shares of Taylor Morrison Home stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $68.03, for a total value of $118,440.23. Following the completion of the transaction, the director now owns 2,195,316 shares in the company, valued at approximately $149,347,347.48. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 90,000 shares of company stock worth $5,966,317. Company insiders own 3.50% of the company's stock.

Taylor Morrison Home Price Performance

Shares of NYSE TMHC traded up $3.36 during mid-day trading on Friday, reaching $68.66. The company had a trading volume of 736,126 shares, compared to its average volume of 787,028. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.67 and a current ratio of 6.01. Taylor Morrison Home Co. has a one year low of $37.23 and a one year high of $69.62. The firm has a market cap of $7.16 billion, a price-to-earnings ratio of 9.82 and a beta of 1.96. The business's 50-day simple moving average is $63.68 and its 200 day simple moving average is $59.52.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 24th. The construction company reported $1.97 EPS for the quarter, topping analysts' consensus estimates of $1.91 by $0.06. Taylor Morrison Home had a return on equity of 14.99% and a net margin of 9.92%. The company had revenue of $1.99 billion for the quarter, compared to analysts' expectations of $1.87 billion. On average, research analysts predict that Taylor Morrison Home Co. will post 8.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. StockNews.com downgraded Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Friday, August 2nd. Zelman & Associates raised Taylor Morrison Home from a "neutral" rating to an "outperform" rating in a report on Monday, August 12th. Raymond James assumed coverage on Taylor Morrison Home in a report on Wednesday, July 24th. They set an "outperform" rating and a $75.00 price target for the company. BTIG Research raised Taylor Morrison Home from a "neutral" rating to a "buy" rating and set a $78.00 price target for the company in a report on Monday, August 19th. Finally, Wedbush reaffirmed a "neutral" rating and set a $65.00 price target (up previously from $61.00) on shares of Taylor Morrison Home in a report on Wednesday, July 24th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Taylor Morrison Home has a consensus rating of "Moderate Buy" and an average price target of $70.17.

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.