AlphaQuest LLC Raises Stock Holdings in Taylor Morrison Home Corporation $TMHC

AlphaQuest LLC raised its stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 92.5% during the 2nd quarter, Holdings Channel.com reports. The fund owned 19,636 shares of the construction company’s stock after purchasing an additional 9,436 shares during the quarter. AlphaQuest LLC’s holdings in Taylor Morrison Home were worth $1,206,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in TMHC. GAMMA Investing LLC grew its position in Taylor Morrison Home by 193.0% in the 1st quarter. GAMMA Investing LLC now owns 674 shares of the construction company’s stock worth $40,000 after purchasing an additional 444 shares during the period. Parallel Advisors LLC boosted its stake in shares of Taylor Morrison Home by 29.9% in the 2nd quarter. Parallel Advisors LLC now owns 882 shares of the construction company’s stock worth $54,000 after buying an additional 203 shares during the last quarter. IFP Advisors Inc bought a new stake in shares of Taylor Morrison Home in the second quarter worth $65,000. Quarry LP increased its position in Taylor Morrison Home by 62.8% during the first quarter. Quarry LP now owns 1,146 shares of the construction company’s stock valued at $69,000 after acquiring an additional 442 shares during the last quarter. Finally, Reyes Financial Architecture Inc. lifted its holdings in Taylor Morrison Home by 33.5% in the first quarter. Reyes Financial Architecture Inc. now owns 1,283 shares of the construction company’s stock valued at $77,000 after acquiring an additional 322 shares during the period. 95.16% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Taylor Morrison Home news, CEO Sheryl Palmer sold 13,513 shares of Taylor Morrison Home stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $72.06, for a total value of $973,746.78. Following the sale, the chief executive officer owned 370,475 shares of the company’s stock, valued at $26,696,428.50. The trade was a 3.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Anne L. Mariucci sold 14,002 shares of the company’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $70.00, for a total transaction of $980,140.00. Following the sale, the director directly owned 48,191 shares in the company, valued at approximately $3,373,370. The trade was a 22.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 67,351 shares of company stock valued at $4,700,630 in the last quarter. 1.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have issued reports on TMHC. Royal Bank Of Canada cut their price target on Taylor Morrison Home from $75.00 to $68.00 and set an “outperform” rating for the company in a report on Thursday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Taylor Morrison Home in a report on Wednesday, October 8th. Seaport Res Ptn upgraded Taylor Morrison Home from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 23rd. Wedbush restated an “outperform” rating and issued a $85.00 price objective on shares of Taylor Morrison Home in a research report on Thursday. Finally, Bank of America dropped their price objective on Taylor Morrison Home from $75.00 to $72.00 and set a “buy” rating for the company in a research note on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $76.38.

Taylor Morrison Home Stock Performance

TMHC opened at $60.31 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.74 and a current ratio of 7.02. The stock has a market capitalization of $6.05 billion, a price-to-earnings ratio of 7.27 and a beta of 1.61. The company has a fifty day moving average of $66.21 and a 200 day moving average of $62.21. Taylor Morrison Home Corporation has a fifty-two week low of $51.90 and a fifty-two week high of $75.49.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings data on Wednesday, October 22nd. The construction company reported $2.11 EPS for the quarter, beating the consensus estimate of $1.93 by $0.18. Taylor Morrison Home had a net margin of 10.16% and a return on equity of 15.23%. The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the prior year, the firm earned $2.40 EPS. The business’s revenue was down 1.2% on a year-over-year basis. As a group, sell-side analysts forecast that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current fiscal year.

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.