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

AlphaQuest LLC raised its position in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 92.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,636 shares of the construction company’s stock after buying an additional 9,436 shares during the period. AlphaQuest LLC’s holdings in Taylor Morrison Home were worth $1,206,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC boosted its holdings in shares of Taylor Morrison Home by 193.0% during the first 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. KBC Group NV raised its position in Taylor Morrison Home by 16.7% during the 1st quarter. KBC Group NV now owns 4,987 shares of the construction company’s stock valued at $299,000 after purchasing an additional 714 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. purchased a new stake in Taylor Morrison Home in the 1st quarter worth approximately $243,000. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Taylor Morrison Home by 10.8% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,200 shares of the construction company’s stock worth $552,000 after buying an additional 900 shares during the last quarter. Finally, Cerity Partners LLC increased its stake in shares of Taylor Morrison Home by 15.6% during the first quarter. Cerity Partners LLC now owns 24,507 shares of the construction company’s stock valued at $1,471,000 after buying an additional 3,311 shares during the period. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on TMHC shares. Seaport Res Ptn raised Taylor Morrison Home from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 23rd. Wedbush reaffirmed an “outperform” rating and issued a $85.00 target price on shares of Taylor Morrison Home in a research report on Thursday. Bank of America cut their target price on shares of Taylor Morrison Home from $75.00 to $72.00 and set a “buy” rating on the stock in a research note on Friday, October 10th. Royal Bank Of Canada decreased their price target on shares of Taylor Morrison Home from $75.00 to $68.00 and set an “outperform” rating for the company in a research note on Thursday. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Taylor Morrison Home in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $76.38.

Insider Buying and Selling at Taylor Morrison Home

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

Taylor Morrison Home Stock Down 1.3%

TMHC stock opened at $60.31 on Friday. The business has a 50 day moving average of $66.21 and a 200 day moving average of $62.21. The firm has a market cap of $6.05 billion, a PE ratio of 7.27 and a beta of 1.61. Taylor Morrison Home Corporation has a twelve month low of $51.90 and a twelve month high of $75.49. The company has a quick ratio of 0.74, a current ratio of 7.02 and a debt-to-equity ratio of 0.35.

Taylor Morrison Home (NYSE:TMHC) last released its earnings results on Wednesday, October 22nd. The construction company reported $2.11 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $0.18. Taylor Morrison Home had a return on equity of 15.23% and a net margin of 10.16%.The firm had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the prior year, the firm posted $2.40 earnings per share. The company’s quarterly revenue was down 1.2% on a year-over-year basis. On average, research analysts forecast that Taylor Morrison Home Corporation will post 8.93 EPS 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.