Quantbot Technologies LP Acquires New Stake in Taylor Morrison Home Co. (NYSE:TMHC)

Quantbot Technologies LP acquired a new position in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 27,402 shares of the construction company's stock, valued at approximately $1,925,000.

Several other institutional investors have also modified their holdings of TMHC. V Square Quantitative Management LLC acquired a new stake in shares of Taylor Morrison Home in the 3rd quarter valued at about $29,000. Harbor Capital Advisors Inc. acquired a new stake in shares of Taylor Morrison Home in the third quarter valued at approximately $34,000. UMB Bank n.a. boosted its holdings in shares of Taylor Morrison Home by 263.9% in the third quarter. UMB Bank n.a. now owns 535 shares of the construction company's stock valued at $38,000 after acquiring an additional 388 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Taylor Morrison Home during the second quarter worth approximately $31,000. Finally, Peterson Financial Group Inc. acquired a new position in shares of Taylor Morrison Home in the 3rd quarter valued at $62,000. Hedge funds and other institutional investors own 95.16% of the company's stock.

Insiders Place Their Bets

In other Taylor Morrison Home news, EVP Darrell Sherman sold 26,757 shares of the business's stock in a transaction on Monday, October 28th. The stock was sold at an average price of $70.00, for a total transaction of $1,872,990.00. Following the sale, the executive vice president now directly owns 109,217 shares in the company, valued at approximately $7,645,190. The trade was a 19.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William H. Lyon sold 24,284 shares of the company's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $74.46, for a total value of $1,808,186.64. Following the completion of the sale, the director now directly owns 2,045,316 shares in the company, valued at $152,294,229.36. This trade represents a 1.17 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 128,621 shares of company stock worth $9,164,869. 3.50% of the stock is owned by company insiders.

Taylor Morrison Home Stock Performance

NYSE TMHC traded down $0.14 on Friday, hitting $73.87. 295,507 shares of the company's stock were exchanged, compared to its average volume of 796,066. The firm's 50-day moving average price is $69.78 and its two-hundred day moving average price is $64.01. Taylor Morrison Home Co. has a fifty-two week low of $44.59 and a fifty-two week high of $75.49. The firm has a market cap of $7.64 billion, a price-to-earnings ratio of 9.78 and a beta of 1.96. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.24 and a quick ratio of 0.69.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The construction company reported $2.37 EPS for the quarter, topping the consensus estimate of $2.06 by $0.31. The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $1.96 billion. Taylor Morrison Home had a net margin of 10.39% and a return on equity of 15.91%. The business's revenue was up 26.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.62 EPS. On average, research analysts expect that Taylor Morrison Home Co. will post 8.44 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Raymond James reiterated an "outperform" rating and set a $84.00 price target (up previously from $81.00) on shares of Taylor Morrison Home in a research note on Tuesday, October 29th. Barclays raised their price target on Taylor Morrison Home from $72.00 to $75.00 and gave the stock an "equal weight" rating in a report on Thursday, October 24th. Zelman & Associates raised Taylor Morrison Home from a "neutral" rating to an "outperform" rating in a research note on Monday, August 12th. Wedbush upgraded Taylor Morrison Home from a "neutral" rating to an "outperform" rating and lifted their target price for the company from $65.00 to $85.00 in a research note on Friday, October 25th. Finally, StockNews.com upgraded Taylor Morrison Home from a "hold" rating to a "buy" rating in a research note on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $77.33.

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.