Taylor Morrison Home Corporation $TMHC Stake Boosted by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd boosted its stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 74.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,770 shares of the construction company’s stock after buying an additional 17,408 shares during the period. Taylor Morrison Home comprises 0.3% of Dynamic Technology Lab Private Ltd’s investment portfolio, making the stock its 29th largest holding. Dynamic Technology Lab Private Ltd’s holdings in Taylor Morrison Home were worth $2,504,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Atlantic Union Bankshares Corp purchased a new position in shares of Taylor Morrison Home in the second quarter worth approximately $28,000. Parallel Advisors LLC grew its position in Taylor Morrison Home by 29.9% during the 2nd quarter. Parallel Advisors LLC now owns 882 shares of the construction company’s stock worth $54,000 after purchasing an additional 203 shares in the last quarter. IFP Advisors Inc acquired a new stake in Taylor Morrison Home during the 2nd quarter valued at $65,000. Quarry LP lifted its holdings in shares of Taylor Morrison Home by 62.8% in the first quarter. Quarry LP now owns 1,146 shares of the construction company’s stock valued at $69,000 after purchasing an additional 442 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Taylor Morrison Home by 71.8% in the second quarter. GAMMA Investing LLC now owns 1,158 shares of the construction company’s stock valued at $71,000 after purchasing an additional 484 shares in the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TMHC has been the topic of several recent analyst reports. Seaport Res Ptn raised Taylor Morrison Home from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 23rd. Bank of America lowered their target price on 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 reduced 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 report on Thursday, October 23rd. Wedbush restated an “outperform” rating and set a $85.00 price target on shares of Taylor Morrison Home in a report on Thursday, October 23rd. Finally, Weiss Ratings downgraded shares of Taylor Morrison Home from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $75.29.

Insiders Place Their Bets

In related news, Director Anne L. Mariucci sold 14,002 shares of the company’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $70.00, for a total value of $980,140.00. Following the completion of the sale, the director directly owned 48,191 shares in the company, valued at approximately $3,373,370. This represents a 22.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Sheryl Palmer sold 13,513 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $72.06, for a total transaction of $973,746.78. Following the transaction, the chief executive officer directly owned 370,475 shares in the company, valued at $26,696,428.50. The trade was a 3.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 57,597 shares of company stock valued at $4,064,474 over the last ninety days. Corporate insiders own 1.40% of the company’s stock.

Taylor Morrison Home Stock Down 0.6%

TMHC opened at $57.99 on Thursday. The company has a market capitalization of $5.67 billion, a PE ratio of 6.99 and a beta of 1.58. The company has a debt-to-equity ratio of 0.35, a current ratio of 7.02 and a quick ratio of 1.02. Taylor Morrison Home Corporation has a fifty-two week low of $51.90 and a fifty-two week high of $75.49. The business has a 50-day moving average of $62.90 and a 200-day moving average of $62.54.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings data on Wednesday, October 22nd. The construction company reported $2.11 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $0.18. The firm had revenue of $94.84 million for the quarter, compared to the consensus estimate of $2.03 billion. Taylor Morrison Home had a return on equity of 15.23% and a net margin of 10.16%.The firm’s revenue was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.40 earnings per share. Equities 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.