Bridgefront Capital LLC Takes Position in Taylor Morrison Home Co. (NYSE:TMHC)

Bridgefront Capital LLC acquired a new stake in Taylor Morrison Home Co. (NYSE:TMHC) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 5,330 shares of the construction company’s stock, valued at approximately $326,000.

Several other hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new stake in Taylor Morrison Home during the fourth quarter worth about $93,810,000. Boston Partners increased its stake in Taylor Morrison Home by 88.7% during the 4th quarter. Boston Partners now owns 594,347 shares of the construction company’s stock worth $36,794,000 after buying an additional 279,361 shares during the period. Northern Trust Corp lifted its holdings in Taylor Morrison Home by 13.4% during the 4th quarter. Northern Trust Corp now owns 1,670,241 shares of the construction company’s stock worth $102,235,000 after buying an additional 197,880 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in Taylor Morrison Home by 1,172.8% during the 4th quarter. Hsbc Holdings PLC now owns 211,515 shares of the construction company’s stock worth $12,993,000 after buying an additional 194,897 shares in the last quarter. Finally, Barclays PLC boosted its position in Taylor Morrison Home by 42.3% in the 4th quarter. Barclays PLC now owns 598,454 shares of the construction company’s stock valued at $36,630,000 after buying an additional 178,035 shares during the period. Institutional investors and hedge funds own 95.16% of the company’s stock.

Taylor Morrison Home Stock Up 1.1 %

Shares of NYSE TMHC opened at $58.33 on Thursday. The stock has a market cap of $5.85 billion, a PE ratio of 7.04 and a beta of 1.68. The business has a 50-day moving average price of $58.51 and a 200 day moving average price of $63.35. Taylor Morrison Home Co. has a 52-week low of $51.90 and a 52-week high of $75.49. The company has a quick ratio of 0.94, a current ratio of 6.39 and a debt-to-equity ratio of 0.36.

Taylor Morrison Home (NYSE:TMHC) last posted its earnings results on Wednesday, April 23rd. The construction company reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.33. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.81 billion. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. Taylor Morrison Home’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.75 earnings per share. Equities research analysts forecast that Taylor Morrison Home Co. will post 8.93 earnings per share for the current year.

Insider Activity at Taylor Morrison Home

In related news, Director David C. Merritt sold 2,402 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $63.98, for a total value of $153,679.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Joseph Terracciano sold 1,537 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was 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. Corporate insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on TMHC. Wedbush reissued an “outperform” rating and set a $85.00 target price on shares of Taylor Morrison Home in a research note on Wednesday, April 23rd. StockNews.com lowered shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. 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. Bank of America started coverage on shares of Taylor Morrison Home in a research report on Monday. They issued a “buy” rating and a $70.00 price objective on the stock. Finally, Barclays set a $69.00 target price on shares of Taylor Morrison Home and gave the stock an “overweight” rating in a research note on Thursday, April 24th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Taylor Morrison Home presently has a consensus rating of “Moderate Buy” and a consensus price target of $76.88.

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.