111 Capital Takes Position in Taylor Morrison Home Corporation $TMHC

111 Capital bought a new position in Taylor Morrison Home Corporation (NYSE:TMHC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,855 shares of the construction company’s stock, valued at approximately $237,000.

Several other institutional investors have also added to or reduced their stakes in TMHC. QRG Capital Management Inc. boosted its position in shares of Taylor Morrison Home by 7.1% during the 2nd quarter. QRG Capital Management Inc. now owns 18,122 shares of the construction company’s stock valued at $1,113,000 after acquiring an additional 1,203 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in shares of Taylor Morrison Home by 14.3% in the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 7,200 shares of the construction company’s stock worth $442,000 after buying an additional 900 shares in the last quarter. SummerHaven Investment Management LLC increased its holdings in shares of Taylor Morrison Home by 1.8% in the 2nd quarter. SummerHaven Investment Management LLC now owns 14,467 shares of the construction company’s stock worth $889,000 after buying an additional 249 shares during the last quarter. KG&L Capital Management LLC purchased a new stake in shares of Taylor Morrison Home during the 2nd quarter valued at about $614,000. Finally, BOS Asset Management LLC lifted its holdings in shares of Taylor Morrison Home by 7.7% in the 2nd quarter. BOS Asset Management LLC now owns 14,989 shares of the construction company’s stock valued at $921,000 after acquiring an additional 1,070 shares during the last quarter. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Trading Down 2.2%

Shares of NYSE TMHC opened at $66.41 on Tuesday. Taylor Morrison Home Corporation has a twelve month low of $51.90 and a twelve month high of $75.49. The business has a fifty day simple moving average of $66.88 and a two-hundred day simple moving average of $61.96. The firm has a market cap of $6.67 billion, a PE ratio of 7.67 and a beta of 1.61. The company has a quick ratio of 0.74, a current ratio of 6.54 and a debt-to-equity ratio of 0.35.

Taylor Morrison Home (NYSE:TMHC) last posted its earnings results on Wednesday, July 23rd. The construction company reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.08. The business had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.93 billion. Taylor Morrison Home had a net margin of 10.72% and a return on equity of 16.22%. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.86 EPS. Analysts expect that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Curtis Vanhyfte sold 9,754 shares of the business’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $65.22, for a total transaction of $636,155.88. Following the transaction, the chief financial officer directly owned 14,163 shares in the company, valued at $923,710.86. The trade was a 40.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Anne L. Mariucci sold 14,002 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $70.00, for a total transaction of $980,140.00. Following the transaction, the director owned 48,191 shares in the company, valued at approximately $3,373,370. This trade represents a 22.51% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 67,351 shares of company stock worth $4,700,630. 1.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Bank of America upped their price objective on Taylor Morrison Home from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, September 18th. Seaport Res Ptn upgraded Taylor Morrison Home from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 23rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Taylor Morrison Home in a research note on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. Based on data from MarketBeat, Taylor Morrison Home has a consensus rating of “Buy” and a consensus target price of $77.50.

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.