XTX Topco Ltd Purchases Shares of 13,578 Taylor Morrison Home Co. (NYSE:TMHC)

XTX Topco Ltd purchased a new position in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 13,578 shares of the construction company's stock, valued at approximately $954,000.

A number of other hedge funds have also modified their holdings of the company. MQS Management LLC acquired a new position in shares of Taylor Morrison Home in the 3rd quarter valued at $768,000. Wedge Capital Management L L P NC increased its stake in shares of Taylor Morrison Home by 1,910.4% in the 2nd quarter. Wedge Capital Management L L P NC now owns 727,919 shares of the construction company's stock valued at $40,356,000 after purchasing an additional 691,711 shares in the last quarter. Intech Investment Management LLC acquired a new position in Taylor Morrison Home in the 3rd quarter worth about $1,899,000. Creative Planning increased its position in shares of Taylor Morrison Home by 46.3% in the third quarter. Creative Planning now owns 29,723 shares of the construction company's stock valued at $2,088,000 after buying an additional 9,408 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Taylor Morrison Home by 18.5% in the second quarter. Allspring Global Investments Holdings LLC now owns 786,249 shares of the construction company's stock valued at $43,590,000 after buying an additional 122,864 shares in the last quarter. 95.16% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Taylor Morrison Home

In other Taylor Morrison Home news, Director William H. Lyon sold 9,075 shares of the firm's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $72.08, for a total transaction of $654,126.00. Following the sale, the director now directly owns 2,136,241 shares of the company's stock, valued at $153,980,251.28. This trade represents a 0.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Darrell Sherman sold 68,433 shares of the company's stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $70.50, for a total value of $4,824,526.50. Following the completion of the transaction, the executive vice president now owns 109,217 shares of the company's stock, valued at $7,699,798.50. The trade was a 38.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 128,621 shares of company stock worth $9,164,869 over the last three months. 3.50% of the stock is currently owned by corporate insiders.

Taylor Morrison Home Stock Performance

Shares of NYSE:TMHC traded down $0.78 on Wednesday, reaching $67.47. The company's stock had a trading volume of 674,595 shares, compared to its average volume of 793,426. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.24 and a quick ratio of 0.69. Taylor Morrison Home Co. has a 52-week low of $46.73 and a 52-week high of $75.49. The stock's 50-day moving average is $69.92 and its two-hundred day moving average is $64.75. The stock has a market capitalization of $6.98 billion, a P/E ratio of 8.92 and a beta of 1.97.

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

Analysts Set New Price Targets

Several research firms have issued reports on TMHC. Raymond James reaffirmed an "outperform" rating and set a $84.00 price objective (up from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th. Wedbush raised Taylor Morrison Home from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $65.00 to $85.00 in a research note on Friday, October 25th. BTIG Research raised their price objective on Taylor Morrison Home from $78.00 to $86.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Barclays raised shares of Taylor Morrison Home from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $75.00 to $90.00 in a report on Wednesday. Finally, Royal Bank of Canada raised their price target on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $84.40.

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.