XTX Topco Ltd Lowers Stake in Taylor Morrison Home Co. (NYSE:TMHC)

XTX Topco Ltd lessened its position in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 38.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 8,317 shares of the construction company's stock after selling 5,261 shares during the period. XTX Topco Ltd's holdings in Taylor Morrison Home were worth $509,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. V Square Quantitative Management LLC boosted its stake in Taylor Morrison Home by 68.1% during the 4th quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company's stock valued at $42,000 after purchasing an additional 277 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings 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 valued at $49,000 after purchasing an additional 243 shares in the last quarter. SRS Capital Advisors Inc. purchased a new position in shares of Taylor Morrison Home during the fourth quarter valued at approximately $51,000. Smartleaf Asset Management LLC grew its holdings in Taylor Morrison Home by 41.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company's stock worth $51,000 after buying an additional 243 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in Taylor Morrison Home in the 4th quarter valued at $61,000. Institutional investors own 95.16% of the company's stock.

Insider Activity at Taylor Morrison Home

In other news, CAO Joseph Terracciano sold 1,537 shares of the firm's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total value of $93,372.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David C. Merritt sold 2,402 shares of the company's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total transaction of $153,679.96. The disclosure for this sale can be found here. 1.40% of the stock is owned by insiders.

Taylor Morrison Home Stock Performance

Shares of Taylor Morrison Home stock traded down $1.27 during trading hours on Wednesday, reaching $57.52. 1,822,178 shares of the stock traded hands, compared to its average volume of 898,258. The firm has a market capitalization of $5.85 billion, a price-to-earnings ratio of 6.95 and a beta of 1.76. 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 company has a 50 day moving average price of $59.50 and a 200 day moving average price of $64.14. Taylor Morrison Home Co. has a one year low of $51.90 and a one year high of $75.49.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last released its earnings results on Wednesday, April 23rd. The construction company reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.33. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. On average, equities research analysts expect that Taylor Morrison Home Co. will post 8.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TMHC has been the topic of a number of analyst reports. Royal Bank of Canada lifted their price objective on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Wedbush restated an "outperform" rating and set a $85.00 price target on shares of Taylor Morrison Home in a report on Wednesday. Seaport Res Ptn upgraded shares of Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 6th. Barclays cut their target price on Taylor Morrison Home from $90.00 to $70.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, Wolfe Research raised Taylor Morrison Home from a "peer perform" rating to an "outperform" rating and set a $76.00 price target for the company in a research report on Wednesday, January 8th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $78.00.

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.