Taylor Morrison Home Co. (NYSE:TMHC) Short Interest Down 20.8% in February

Taylor Morrison Home Co. (NYSE:TMHC - Get Free Report) was the recipient of a large decrease in short interest in February. As of February 28th, there was short interest totalling 2,250,000 shares, a decrease of 20.8% from the February 13th total of 2,840,000 shares. Based on an average trading volume of 1,030,000 shares, the short-interest ratio is currently 2.2 days. Currently, 2.3% of the company's shares are short sold.

Taylor Morrison Home Stock Performance

TMHC traded down $1.37 on Friday, reaching $59.41. The company had a trading volume of 1,867,268 shares, compared to its average volume of 822,854. 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 has a 1 year low of $53.17 and a 1 year high of $75.49. The stock has a market capitalization of $6.04 billion, a PE ratio of 7.18 and a beta of 2.06. The stock has a 50-day moving average price of $62.75 and a 200-day moving average price of $65.87.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last posted its earnings results on Wednesday, February 12th. The construction company reported $2.64 EPS for the quarter, topping analysts' consensus estimates 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, research analysts forecast that Taylor Morrison Home will post 8.93 EPS for the current fiscal year.

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Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on TMHC shares. Royal Bank of Canada lifted their price objective on Taylor Morrison Home from $72.00 to $74.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. reduced 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. StockNews.com cut shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Wednesday, January 8th. Wolfe Research upgraded shares of Taylor Morrison Home from a "peer perform" rating to an "outperform" rating and set a $76.00 price objective on the stock in a report on Wednesday, January 8th. Finally, Seaport Res Ptn raised shares of Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research report on Thursday, March 6th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $82.43.

Insider Buying and Selling

In other news, CAO Joseph Terracciano sold 1,537 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total transaction of $93,372.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director David C. Merritt sold 2,402 shares of Taylor Morrison Home stock in a transaction on 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. 3.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Taylor Morrison Home

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TMHC. KBC Group NV raised its position in Taylor Morrison Home by 20.8% in the 3rd quarter. KBC Group NV now owns 3,121 shares of the construction company's stock valued at $219,000 after purchasing an additional 538 shares during the last quarter. CIBC Asset Management Inc acquired a new position in Taylor Morrison Home in the third quarter valued at $220,000. Royce & Associates LP boosted its stake in shares of Taylor Morrison Home by 1.8% during the third quarter. Royce & Associates LP now owns 163,063 shares of the construction company's stock worth $11,457,000 after buying an additional 2,940 shares during the period. Natixis Advisors LLC boosted its stake in shares of Taylor Morrison Home by 14.1% during the third quarter. Natixis Advisors LLC now owns 21,862 shares of the construction company's stock worth $1,536,000 after buying an additional 2,705 shares during the period. Finally, Peterson Financial Group Inc. purchased a new position in shares of Taylor Morrison Home during the third quarter worth about $62,000. Hedge funds and other institutional investors own 95.16% of the company's stock.

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.