Capital Fund Management S.A. grew its holdings in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 154.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 309,693 shares of the construction company’s stock after purchasing an additional 188,045 shares during the quarter. Capital Fund Management S.A. owned about 0.26% of Taylor Morrison Home worth $7,578,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Ameritas Investment Partners Inc. raised its holdings in shares of Taylor Morrison Home by 62.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,369 shares of the construction company’s stock valued at $129,000 after purchasing an additional 2,060 shares in the last quarter. Dean Capital Investments Management LLC bought a new position in shares of Taylor Morrison Home during the 4th quarter valued at $218,000. Victory Capital Management Inc. raised its holdings in shares of Taylor Morrison Home by 37.3% during the 3rd quarter. Victory Capital Management Inc. now owns 10,197 shares of the construction company’s stock valued at $225,000 after purchasing an additional 2,768 shares in the last quarter. Optimum Investment Advisors bought a new position in shares of Taylor Morrison Home during the 3rd quarter valued at $225,000. Finally, Parametrica Management Ltd bought a new position in shares of Taylor Morrison Home during the 3rd quarter valued at $255,000. Institutional investors and hedge funds own 57.40% of the company’s stock.
Shares of Taylor Morrison Home Corporation (NYSE:TMHC) opened at $24.31 on Friday. The company has a quick ratio of 0.81, a current ratio of 6.85 and a debt-to-equity ratio of 0.63. The stock has a market cap of $2,921.97, a price-to-earnings ratio of 16.54, a price-to-earnings-growth ratio of 0.78 and a beta of 1.44. Taylor Morrison Home Corporation has a 12-month low of $18.83 and a 12-month high of $28.42.
Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings results on Wednesday, February 7th. The construction company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.07. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. Taylor Morrison Home had a net margin of 2.36% and a return on equity of 5.82%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the business posted $0.63 EPS. sell-side analysts predict that Taylor Morrison Home Corporation will post 2.6 earnings per share for the current fiscal year.
Taylor Morrison Home announced that its board has initiated a stock repurchase program on Wednesday, January 3rd that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the construction company to purchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
TMHC has been the topic of a number of recent research reports. Wedbush restated a “neutral” rating and set a $27.00 price target on shares of Taylor Morrison Home in a report on Friday, January 12th. ValuEngine downgraded shares of Taylor Morrison Home from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 2nd. Citigroup upgraded shares of Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Tuesday, January 2nd. BidaskClub downgraded shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Saturday, November 4th. Finally, B. Riley reiterated a “neutral” rating on shares of Taylor Morrison Home in a report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $28.22.
In other Taylor Morrison Home news, insider Group Holdings (Sbs) Advis Tpg sold 1,499,732 shares of the firm’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $27.14, for a total value of $40,702,726.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 2.40% of the company’s stock.
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About Taylor Morrison Home
Taylor Morrison Home Corporation is a homebuilder, which designs, builds and sells single-family detached and attached homes. The Company is also a land developer, with a portfolio of lifestyle and master-planned communities. Its segments include East, which includes Atlanta, Charlotte, North Florida, Raleigh, Southwest Florida and Tampa; Central, which includes Austin, Dallas, and Houston (each of the Dallas and Houston markets include both a Taylor Morrison division and a Darling Homes division); West, which includes Bay Area, Chicago, Denver, Phoenix, Sacramento and Southern California, and Mortgage Operations, which includes Taylor Morrison Home Funding, LLC (TMHF) and Inspired Title Services, LLC (Inspired Title).
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