Systematic Financial Management LP Invests $1.11 Million in Taylor Morrison Home Co. (NYSE:TMHC)

Systematic Financial Management LP acquired a new stake in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 15,822 shares of the construction company's stock, valued at approximately $1,112,000.

Several other hedge funds also recently modified their holdings of TMHC. V Square Quantitative Management LLC bought a new position in Taylor Morrison Home during the third quarter worth about $29,000. Harbor Capital Advisors Inc. bought a new position in Taylor Morrison Home during the third quarter worth about $34,000. UMB Bank n.a. grew its holdings in Taylor Morrison Home by 263.9% during the third quarter. UMB Bank n.a. now owns 535 shares of the construction company's stock worth $38,000 after purchasing an additional 388 shares during the period. Peterson Financial Group Inc. bought a new position in Taylor Morrison Home during the third quarter worth about $62,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in Taylor Morrison Home during the second quarter worth about $100,000. Institutional investors own 95.16% of the company's stock.

Wall Street Analyst Weigh In

TMHC has been the subject of a number of research analyst reports. Barclays lifted 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. StockNews.com upgraded Taylor Morrison Home from a "hold" rating to a "buy" rating in a report on Thursday, October 24th. Zelman & Associates upgraded Taylor Morrison Home from a "neutral" rating to an "outperform" rating in a report on Monday, August 12th. Raymond James restated an "outperform" rating and set a $84.00 price objective (up previously from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th. Finally, Wedbush upgraded Taylor Morrison Home from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $65.00 to $85.00 in a report on Friday, October 25th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Taylor Morrison Home has an average rating of "Moderate Buy" and an average price target of $77.33.

Taylor Morrison Home Price Performance

Shares of NYSE TMHC traded down $0.42 during midday trading on Friday, reaching $68.89. The company's stock had a trading volume of 724,082 shares, compared to its average volume of 794,925. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.69 and a current ratio of 6.24. Taylor Morrison Home Co. has a fifty-two week low of $46.59 and a fifty-two week high of $75.49. The business's 50 day moving average price is $70.01 and its two-hundred day moving average price is $64.48. The company has a market cap of $7.13 billion, a P/E ratio of 9.11 and a beta of 1.97.

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

Insider Buying and Selling at Taylor Morrison Home

In other Taylor Morrison Home news, Director William H. Lyon sold 9,075 shares of the business's stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $72.08, for a total transaction of $654,126.00. Following the completion of the transaction, the director now directly owns 2,136,241 shares in the company, valued at $153,980,251.28. The trade was a 0.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Darrell Sherman sold 26,757 shares of the business's stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $70.00, for a total transaction of $1,872,990.00. Following the transaction, the executive vice president now owns 109,217 shares of the company's stock, valued at approximately $7,645,190. This represents a 19.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 128,621 shares of company stock worth $9,164,869 over the last three months. Corporate insiders own 3.50% of the company's stock.

Taylor Morrison Home Company 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.