iSAM Funds UK Ltd Raises Stake in Taylor Morrison Home Co. (NYSE:TMHC)

iSAM Funds UK Ltd lifted its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 148.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,413 shares of the construction company’s stock after purchasing an additional 10,991 shares during the quarter. Taylor Morrison Home comprises about 0.8% of iSAM Funds UK Ltd’s investment portfolio, making the stock its 21st largest position. iSAM Funds UK Ltd’s holdings in Taylor Morrison Home were worth $1,127,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. Sheets Smith Wealth Management acquired a new position in shares of Taylor Morrison Home during the 4th quarter worth $550,000. JPMorgan Chase & Co. increased its holdings in Taylor Morrison Home by 24.0% during the 4th quarter. JPMorgan Chase & Co. now owns 811,253 shares of the construction company’s stock valued at $49,657,000 after acquiring an additional 156,793 shares in the last quarter. Barclays PLC raised its position in Taylor Morrison Home by 66.4% during the third 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 during the last quarter. Park Avenue Securities LLC lifted its holdings in shares of Taylor Morrison Home by 25.1% in the fourth quarter. Park Avenue Securities LLC now owns 7,710 shares of the construction company’s stock valued at $472,000 after purchasing an additional 1,547 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC grew its position in shares of Taylor Morrison Home by 174.5% in the fourth quarter. Counterpoint Mutual Funds LLC now owns 10,825 shares of the construction company’s stock valued at $663,000 after purchasing an additional 6,881 shares during the last quarter. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Stock Performance

Taylor Morrison Home stock opened at $59.23 on Tuesday. The stock has a fifty day moving average price of $58.31 and a 200 day moving average price of $62.80. Taylor Morrison Home Co. has a 52 week low of $51.90 and a 52 week high of $75.49. The firm has a market capitalization of $5.94 billion, a P/E ratio of 7.15 and a beta of 1.68. The company has a current ratio of 6.39, a quick ratio of 0.94 and a debt-to-equity ratio of 0.36.

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

Insiders Place Their Bets

In other Taylor Morrison Home news, CAO Joseph Terracciano sold 1,537 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total transaction of $93,372.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David C. Merritt sold 2,402 shares of Taylor Morrison Home stock in a transaction dated 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 insiders.

Analyst Upgrades and Downgrades

TMHC has been the topic of a number of recent research reports. JPMorgan Chase & Co. reduced their target price on Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. Bank of America started coverage on Taylor Morrison Home in a research report on Monday, May 5th. They issued a “buy” rating and a $70.00 price objective on the stock. Seaport Res Ptn raised Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 6th. BTIG Research set a $75.00 price objective on Taylor Morrison Home and gave the stock a “buy” rating in a research report on Wednesday, April 16th. Finally, Barclays set a $69.00 target price on shares of Taylor Morrison Home and gave the company an “overweight” rating in a report on Thursday, April 24th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $76.88.

Taylor Morrison Home 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.