SummerHaven Investment Management LLC Boosts Position in Taylor Morrison Home Co. (NYSE:TMHC)

SummerHaven Investment Management LLC grew its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 1.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 14,383 shares of the construction company’s stock after purchasing an additional 213 shares during the period. SummerHaven Investment Management LLC’s holdings in Taylor Morrison Home were worth $767,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in TMHC. IFP Advisors Inc lifted its position in Taylor Morrison Home by 138.9% during the 3rd quarter. IFP Advisors Inc now owns 614 shares of the construction company’s stock worth $26,000 after acquiring an additional 357 shares in the last quarter. Daiwa Securities Group Inc. acquired a new position in shares of Taylor Morrison Home during the fourth quarter worth $48,000. Headlands Technologies LLC purchased a new position in shares of Taylor Morrison Home in the fourth quarter valued at $81,000. CWM LLC grew its holdings in Taylor Morrison Home by 17.2% during the 4th quarter. CWM LLC now owns 1,804 shares of the construction company’s stock valued at $96,000 after purchasing an additional 265 shares in the last quarter. Finally, Neo Ivy Capital Management acquired a new stake in Taylor Morrison Home during the 3rd quarter valued at $108,000. Institutional investors and hedge funds own 95.16% of the company’s stock.

Analyst Upgrades and Downgrades

TMHC has been the subject of a number of analyst reports. Seaport Res Ptn cut shares of Taylor Morrison Home from a “buy” rating to a “neutral” rating in a research report on Monday, January 22nd. Wedbush reissued a “neutral” rating and issued a $55.00 price target on shares of Taylor Morrison Home in a report on Tuesday. Zelman & Associates upgraded Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a report on Friday, April 12th. Royal Bank of Canada upped their target price on Taylor Morrison Home from $57.00 to $61.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. Finally, Barclays raised their price target on shares of Taylor Morrison Home from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 15th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $57.80.

Taylor Morrison Home Stock Up 0.2 %

TMHC stock opened at $57.70 on Tuesday. The firm has a market cap of $6.14 billion, a price-to-earnings ratio of 8.27 and a beta of 1.87. Taylor Morrison Home Co. has a 1-year low of $37.23 and a 1-year high of $62.64. The firm has a fifty day moving average price of $57.55 and a two-hundred day moving average price of $51.55. The company has a debt-to-equity ratio of 0.38, a current ratio of 6.00 and a quick ratio of 1.13.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings results on Wednesday, February 14th. The construction company reported $2.05 EPS for the quarter, beating the consensus estimate of $1.82 by $0.23. The business had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.85 billion. Taylor Morrison Home had a net margin of 10.37% and a return on equity of 16.21%. The company’s quarterly revenue was down 19.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.93 EPS. Research analysts predict that Taylor Morrison Home Co. will post 7.29 EPS for the current year.

Insider Buying and Selling at Taylor Morrison Home

In other news, CAO Joseph Terracciano sold 724 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $55.87, for a total transaction of $40,449.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director William H. Lyon sold 153,000 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $62.32, for a total value of $9,534,960.00. Following the completion of the transaction, the director now directly owns 40,570 shares of the company’s stock, valued at approximately $2,528,322.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Joseph Terracciano sold 724 shares of Taylor Morrison Home stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $55.87, for a total value of $40,449.88. The disclosure for this sale can be found here. Insiders sold a total of 613,537 shares of company stock worth $36,409,767 over the last ninety days. Company insiders own 3.50% of the company’s stock.

Taylor Morrison Home 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.