Point72 Asset Management L.P. Takes $13.33 Million Position in Taylor Morrison Home Co. (NYSE:TMHC)

Point72 Asset Management L.P. acquired a new position in Taylor Morrison Home Co. (NYSE:TMHC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 217,800 shares of the construction company’s stock, valued at approximately $13,332,000.

Other hedge funds have also recently bought and sold shares of the company. Barclays PLC boosted its stake in shares of Taylor Morrison Home by 66.4% during the 3rd quarter. Barclays PLC now owns 420,419 shares of the construction company’s stock worth $29,539,000 after acquiring an additional 167,735 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in Taylor Morrison Home by 25.1% in the 4th quarter. Park Avenue Securities LLC now owns 7,710 shares of the construction company’s stock worth $472,000 after purchasing an additional 1,547 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position in Taylor Morrison Home by 43.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company’s stock worth $49,000 after purchasing an additional 243 shares during the period. Sheets Smith Wealth Management acquired a new position in Taylor Morrison Home during the fourth quarter valued at approximately $550,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of Taylor Morrison Home in the fourth quarter valued at approximately $420,000. 95.16% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Taylor Morrison Home

In other Taylor Morrison Home news, CAO Joseph Terracciano sold 1,537 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total transaction of $93,372.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director David C. Merritt sold 2,402 shares of Taylor Morrison Home stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total value of $153,679.96. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TMHC shares. Barclays set a $69.00 price objective on shares of Taylor Morrison Home and gave the stock an “overweight” rating in a report on Thursday, April 24th. JPMorgan Chase & Co. lowered their price target on Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. Royal Bank of Canada lifted their price objective on Taylor Morrison Home from $72.00 to $74.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Seaport Res Ptn upgraded Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 6th. Finally, Bank of America assumed coverage on Taylor Morrison Home in a report on Monday, May 5th. They issued a “buy” rating and a $70.00 target price on the stock. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $76.88.

Taylor Morrison Home Stock Up 1.7%

NYSE TMHC opened at $59.92 on Monday. Taylor Morrison Home Co. has a twelve month low of $51.90 and a twelve month high of $75.49. The stock has a market cap of $6.01 billion, a PE ratio of 7.24 and a beta of 1.68. The firm has a 50-day simple moving average of $58.31 and a 200 day simple moving average of $62.86. 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 announced its quarterly earnings data on Wednesday, April 23rd. The construction company reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.33. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter last year, the company earned $1.75 EPS. The company’s quarterly revenue was up 11.5% on a year-over-year basis. On average, research analysts forecast that Taylor Morrison Home Co. will post 8.93 EPS for the current 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.