Alpha DNA Investment Management LLC Purchases 455 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Alpha DNA Investment Management LLC lifted its holdings in Taylor Morrison Home Co. (NYSE:TMHC) by 6.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 7,286 shares of the construction company’s stock after acquiring an additional 455 shares during the quarter. Alpha DNA Investment Management LLC’s holdings in Taylor Morrison Home were worth $446,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. lifted its stake in 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 valued at $144,144,000 after purchasing an additional 69,222 shares during the last quarter. Norges Bank bought a new position in shares of Taylor Morrison Home during the 4th quarter worth $93,810,000. Arrowstreet Capital Limited Partnership increased its holdings in Taylor Morrison Home by 1.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,369,832 shares of the construction company’s stock worth $83,847,000 after acquiring an additional 20,908 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in Taylor Morrison Home by 9.0% during the fourth quarter. Fisher Asset Management LLC now owns 1,255,266 shares of the construction company’s stock valued at $76,835,000 after purchasing an additional 103,289 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Taylor Morrison Home by 24.0% during the fourth quarter. JPMorgan Chase & Co. now owns 811,253 shares of the construction company’s stock worth $49,657,000 after purchasing an additional 156,793 shares during the period. 95.16% of the stock is owned by hedge funds and other institutional investors.

Taylor Morrison Home Stock Performance

Taylor Morrison Home stock opened at $56.44 on Friday. Taylor Morrison Home Co. has a fifty-two week low of $51.90 and a fifty-two week high of $75.49. The firm’s fifty day moving average price is $59.78 and its 200-day moving average price is $64.33. The stock has a market cap of $5.74 billion, a P/E ratio of 6.82 and a beta of 1.76. 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 (NYSE:TMHC) last posted its quarterly earnings data on Wednesday, February 12th. The construction company reported $2.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.40 by $0.24. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. On average, equities research analysts expect that Taylor Morrison Home Co. will post 8.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

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 stock was 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 can be accessed through this hyperlink. Also, CAO Joseph Terracciano sold 1,537 shares of the business’s stock in a transaction that occurred 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. Insiders own 3.50% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on TMHC shares. 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. JPMorgan Chase & Co. cut their price target on Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. StockNews.com cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. BTIG Research set a $75.00 target price on Taylor Morrison Home and gave the company a “buy” rating in a report on Wednesday. Finally, Barclays lowered their price target on shares of Taylor Morrison Home from $90.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $78.00.

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.