Short Interest in Taylor Morrison Home Co. (NYSE:TMHC) Declines By 12.4%

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

Insider Activity

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cerity Partners LLC increased its position in shares of Taylor Morrison Home by 47.2% in the 3rd quarter. Cerity Partners LLC now owns 17,689 shares of the construction company's stock valued at $1,243,000 after acquiring an additional 5,668 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Taylor Morrison Home by 1.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 240,525 shares of the construction company's stock valued at $16,899,000 after purchasing an additional 4,278 shares during the period. Captrust Financial Advisors increased its holdings in shares of Taylor Morrison Home by 2.9% in the third quarter. Captrust Financial Advisors now owns 8,340 shares of the construction company's stock valued at $586,000 after purchasing an additional 234 shares during the period. Paloma Partners Management Co purchased a new position in shares of Taylor Morrison Home in the third quarter worth about $561,000. Finally, Centiva Capital LP acquired a new stake in shares of Taylor Morrison Home during the third quarter worth about $206,000. Hedge funds and other institutional investors own 95.16% of the company's stock.

Analysts Set New Price Targets

TMHC has been the topic of a number of research reports. StockNews.com downgraded shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Seaport Res Ptn raised shares of Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 6th. Royal Bank of Canada increased their target price on Taylor Morrison Home from $72.00 to $74.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. reduced their price target on Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating for the company in a research report on Tuesday, February 18th. Finally, Wolfe Research upgraded Taylor Morrison Home from a "peer perform" rating to an "outperform" rating and set a $76.00 price objective for the company in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $82.43.

Taylor Morrison Home Stock Up 3.0 %

TMHC stock traded up $1.76 on Friday, hitting $59.35. 1,512,858 shares of the company's stock were exchanged, compared to its average volume of 880,685. The firm has a 50 day moving average price of $61.81 and a two-hundred day moving average price of $65.41. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.94 and a current ratio of 6.39. Taylor Morrison Home has a 12-month low of $53.17 and a 12-month high of $75.49. The stock has a market cap of $6.04 billion, a P/E ratio of 7.17 and a beta of 1.76.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The construction company reported $2.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.24. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. As a group, equities research analysts expect that Taylor Morrison Home will post 8.93 EPS for the current fiscal year.

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.