Trexquant Investment LP Acquires New Position in Taylor Morrison Home Co. (NYSE:TMHC)

Trexquant Investment LP bought a new position in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 113,187 shares of the construction company's stock, valued at approximately $6,928,000. Trexquant Investment LP owned about 0.11% of Taylor Morrison Home as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. State Street Corp increased its holdings in Taylor Morrison Home by 2.8% during the 3rd quarter. State Street Corp now owns 4,987,968 shares of the construction company's stock worth $350,455,000 after purchasing an additional 136,432 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Taylor Morrison Home by 3.5% in the third quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company's stock worth $144,144,000 after buying an additional 69,222 shares during the last quarter. Norges Bank acquired a new stake in Taylor Morrison Home in the fourth quarter valued at $93,810,000. Arrowstreet Capital Limited Partnership boosted its stake in Taylor Morrison Home by 1.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,369,832 shares of the construction company's stock valued at $83,847,000 after acquiring an additional 20,908 shares during the last quarter. Finally, Fisher Asset Management LLC grew its holdings in Taylor Morrison Home by 9.0% during the 4th quarter. Fisher Asset Management LLC now owns 1,255,266 shares of the construction company's stock worth $76,835,000 after acquiring an additional 103,289 shares in the last quarter. Institutional investors and hedge funds own 95.16% of the company's stock.

Insider Buying and Selling at Taylor Morrison Home

In related news, Director David C. Merritt sold 2,402 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total transaction of $153,679.96. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Joseph Terracciano sold 1,537 shares of Taylor Morrison Home stock in a transaction on Tuesday, March 11th. The shares were 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. 3.50% of the stock is owned by company insiders.

Taylor Morrison Home Stock Performance

Shares of Taylor Morrison Home stock traded up $3.38 during trading on Wednesday, hitting $57.31. 1,259,967 shares of the stock were exchanged, compared to its average volume of 887,701. 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 Co. has a 12 month low of $51.90 and a 12 month high of $75.49. The stock's fifty day moving average is $60.81 and its 200 day moving average is $64.96. The stock has a market cap of $5.83 billion, a PE ratio of 6.92 and a beta of 1.76.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The construction company reported $2.64 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, sell-side analysts anticipate that Taylor Morrison Home Co. will post 8.93 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TMHC. Royal Bank of Canada upped their target price on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. StockNews.com downgraded Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Wednesday, January 8th. Barclays lowered their price target on Taylor Morrison Home from $90.00 to $70.00 and set an "overweight" rating for the company in a report on Tuesday. Wolfe Research raised shares of Taylor Morrison Home from a "peer perform" rating to an "outperform" rating and set a $76.00 price objective for the company in a report on Wednesday, January 8th. Finally, 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. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Taylor Morrison Home presently has an average rating of "Moderate Buy" and an average target price of $79.57.

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.