Sciencast Management LP Invests $576,000 in Taylor Morrison (TMHC) Stock

Sciencast Management LP purchased a new position in shares of Taylor Morrison (NYSE:TMHC) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 20,819 shares of the construction company’s stock, valued at approximately $576,000.

A number of other institutional investors have also made changes to their positions in the stock. Nationwide Fund Advisors raised its stake in shares of Taylor Morrison by 48.8% in the 3rd quarter. Nationwide Fund Advisors now owns 221,888 shares of the construction company’s stock valued at $4,893,000 after purchasing an additional 72,726 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Taylor Morrison by 37.3% in 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. American Century Companies Inc. raised its stake in shares of Taylor Morrison by 25.0% in the 3rd quarter. American Century Companies Inc. now owns 523,752 shares of the construction company’s stock valued at $11,549,000 after purchasing an additional 104,631 shares in the last quarter. New York State Common Retirement Fund raised its stake in Taylor Morrison by 172.4% during the third quarter. New York State Common Retirement Fund now owns 261,456 shares of the construction company’s stock worth $5,765,000 after acquiring an additional 165,466 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. raised its stake in Taylor Morrison by 1,171.3% during the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 130,234 shares of the construction company’s stock worth $2,872,000 after acquiring an additional 119,990 shares during the period. 73.07% of the stock is owned by hedge funds and other institutional investors.

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TMHC has been the topic of several research reports. Wedbush reiterated a “neutral” rating and set a $27.00 price objective on shares of Taylor Morrison in a research note on Friday, January 12th. Citigroup upgraded shares of Taylor Morrison from a “neutral” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Tuesday, January 2nd. Zacks Investment Research lowered shares of Taylor Morrison from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. Barclays set a $28.00 price target on shares of Taylor Morrison and gave the company an “equal weight” rating in a research note on Thursday, February 8th. Finally, Susquehanna Bancshares upgraded shares of Taylor Morrison from a “neutral” rating to a “positive” rating in a report on Thursday, January 4th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $28.00.

In other news, insider Joseph Terracciano sold 5,788 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $23.97, for a total transaction of $138,738.36. Following the transaction, the insider now owns 4,168 shares in the company, valued at approximately $99,906.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $40,702,726.48. The disclosure for this sale can be found here. 2.40% of the stock is owned by corporate insiders.

Taylor Morrison stock opened at $23.34 on Friday. Taylor Morrison has a 52 week low of $19.68 and a 52 week high of $28.42. The company has a debt-to-equity ratio of 0.64, a current ratio of 7.73 and a quick ratio of 1.55. The company has a market capitalization of $2,652.64, a P/E ratio of 11.79, a PEG ratio of 0.76 and a beta of 1.42.

Taylor Morrison (NYSE:TMHC) last released its earnings results on Wednesday, February 7th. The construction company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.07. Taylor Morrison had a net margin of 2.36% and a return on equity of 5.76%. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the firm earned $0.63 EPS. The company’s revenue was up 8.6% compared to the same quarter last year. equities analysts forecast that Taylor Morrison will post 2.61 EPS for the current year.

Taylor Morrison declared that its Board of Directors has approved a stock repurchase program on Wednesday, January 3rd that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the construction company to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

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About Taylor Morrison

Taylor Morrison Home Corporation operates as a public homebuilder in the United States. The company designs, builds, and sells single-family detached and attached homes; and develops lifestyle and master-planned communities. It operates under the Taylor Morrison and Darling Homes brand names in Arizona, California, Colorado, Florida, Georgia, Illinois, North Carolina and Texas.

Institutional Ownership by Quarter for Taylor Morrison (NYSE:TMHC)

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