Taylor Morrison Home Co. (NYSE:TMHC) Short Interest Update

Taylor Morrison Home Co. (NYSE:TMHC - Get Free Report) was the target of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 1,970,000 shares, a drop of 12.4% from the February 28th total of 2,250,000 shares. Based on an average trading volume of 1,100,000 shares, the short-interest ratio is presently 1.8 days. Approximately 2.0% of the company's shares are short sold.

Insider Activity

In other Taylor Morrison Home news, Director David C. Merritt sold 2,402 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total value of $153,679.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Joseph Terracciano sold 1,537 shares of Taylor Morrison Home stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total transaction of $93,372.75. The disclosure for this sale can be found here. Insiders own 3.50% of the company's stock.

Institutional Trading of Taylor Morrison Home

Several hedge funds have recently bought and sold shares of TMHC. Lord Abbett & CO. LLC raised its holdings in shares of Taylor Morrison Home by 2.5% during the third quarter. Lord Abbett & CO. LLC now owns 463,287 shares of the construction company's stock valued at $32,550,000 after buying an additional 11,302 shares during the last quarter. Principal Financial Group Inc. increased its position in 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 valued at $144,144,000 after acquiring an additional 69,222 shares during the period. Sheets Smith Wealth Management bought a new stake in Taylor Morrison Home during the 4th quarter valued at $550,000. Financial Enhancement Group LLC acquired a new position in Taylor Morrison Home during the 4th quarter worth $5,840,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Taylor Morrison Home by 43.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company's stock worth $49,000 after purchasing an additional 243 shares in the last quarter. 95.16% of the stock is currently owned by institutional investors.

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Taylor Morrison Home Stock Performance

Shares of NYSE:TMHC traded down $3.61 during trading on Thursday, hitting $57.71. 1,180,916 shares of the company traded hands, compared to its average volume of 879,542. The company has a quick ratio of 0.94, a current ratio of 6.39 and a debt-to-equity ratio of 0.36. The business's fifty day moving average is $62.10 and its 200-day moving average is $65.59. The stock has a market capitalization of $5.87 billion, a price-to-earnings ratio of 6.97 and a beta of 1.76. Taylor Morrison Home has a one year low of $53.17 and a one year high of $75.49.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last issued its earnings results on Wednesday, February 12th. The construction company reported $2.64 earnings per share for the quarter, topping the consensus estimate 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, equities analysts predict that Taylor Morrison Home will post 8.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TMHC has been the topic of several analyst reports. Wolfe Research raised shares of Taylor Morrison Home from a "peer perform" rating to an "outperform" rating and set a $76.00 price target on the stock in a research note on Wednesday, January 8th. Royal Bank of Canada lifted their price objective on Taylor Morrison Home from $72.00 to $74.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Barclays upgraded shares of Taylor Morrison Home from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $75.00 to $90.00 in a research note on Wednesday, December 11th. StockNews.com lowered Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. cut their price objective on 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. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $82.43.

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.