16,210 Shares in Taylor Morrison Home Co. (NYSE:TMHC) Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. acquired a new position in shares of Taylor Morrison Home Co. (NYSE:TMHC) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 16,210 shares of the construction company’s stock, valued at approximately $992,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. KLP Kapitalforvaltning AS acquired a new position in Taylor Morrison Home during the fourth quarter worth $1,347,000. AXQ Capital LP acquired a new position in shares of Taylor Morrison Home in the fourth quarter worth $268,000. Sei Investments Co. raised its holdings in shares of Taylor Morrison Home by 18.4% in the fourth quarter. Sei Investments Co. now owns 486,250 shares of the construction company’s stock worth $29,763,000 after acquiring an additional 75,481 shares during the last quarter. Quantbot Technologies LP raised its holdings in shares of Taylor Morrison Home by 31.1% in the fourth quarter. Quantbot Technologies LP now owns 35,915 shares of the construction company’s stock worth $2,198,000 after acquiring an additional 8,513 shares during the last quarter. Finally, Magnetar Financial LLC raised its holdings in shares of Taylor Morrison Home by 58.7% in the fourth quarter. Magnetar Financial LLC now owns 8,883 shares of the construction company’s stock worth $544,000 after acquiring an additional 3,286 shares during the last quarter. 95.16% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Taylor Morrison Home

In other news, Director David C. Merritt sold 2,402 shares of the company’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $63.98, for a total value of $153,679.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Joseph Terracciano sold 1,537 shares of the company’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total value of $93,372.75. The disclosure for this sale can be found here. 3.50% of the stock is owned by company insiders.

Taylor Morrison Home Price Performance

Shares of NYSE:TMHC opened at $59.41 on Friday. The business has a fifty day simple moving average of $62.75 and a 200-day simple moving average of $65.81. Taylor Morrison Home Co. has a 52 week low of $53.17 and a 52 week high of $75.49. The company has a quick ratio of 0.94, a current ratio of 6.39 and a debt-to-equity ratio of 0.36. The company has a market cap of $6.04 billion, a P/E ratio of 7.18 and a beta of 2.06.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings results on Wednesday, February 12th. The construction company reported $2.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.24. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. Equities research analysts forecast that Taylor Morrison Home Co. will post 8.93 EPS for the current year.

Analyst Ratings Changes

TMHC has been the subject of a number of analyst reports. Seaport Res Ptn raised Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Thursday, March 6th. JPMorgan Chase & Co. cut their price target on Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. Wolfe Research raised Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price target for the company in a report on Wednesday, January 8th. Barclays raised Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $75.00 to $90.00 in a report on Wednesday, December 11th. Finally, Royal Bank of Canada boosted their price target on Taylor Morrison Home from $72.00 to $74.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $82.43.

About Taylor Morrison Home

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.