111 Capital Takes $809,000 Position in Taylor Morrison Home Co. (NYSE:TMHC)

111 Capital acquired a new stake in Taylor Morrison Home Co. (NYSE:TMHC) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 13,223 shares of the construction company’s stock, valued at approximately $809,000.

Several other large investors also recently made changes to their positions in the stock. CIBC Asset Management Inc raised its stake in Taylor Morrison Home by 5.5% in the 4th quarter. CIBC Asset Management Inc now owns 3,302 shares of the construction company’s stock valued at $202,000 after acquiring an additional 173 shares during the period. Pacer Advisors Inc. raised its stake in Taylor Morrison Home by 1.2% in the 4th quarter. Pacer Advisors Inc. now owns 15,428 shares of the construction company’s stock valued at $944,000 after acquiring an additional 180 shares during the period. Smartleaf Asset Management LLC raised its stake in Taylor Morrison Home by 41.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company’s stock valued at $51,000 after acquiring an additional 243 shares during the period. Savant Capital LLC raised its stake in Taylor Morrison Home by 5.3% in the 4th quarter. Savant Capital LLC now owns 5,012 shares of the construction company’s stock valued at $307,000 after acquiring an additional 251 shares during the period. Finally, V Square Quantitative Management LLC raised its stake in Taylor Morrison Home by 68.1% in the 4th quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company’s stock valued at $42,000 after acquiring an additional 277 shares during the period. Institutional investors and hedge funds own 95.16% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on TMHC shares. Bank of America started coverage on Taylor Morrison Home in a research note on Monday, May 5th. They issued a “buy” rating and a $70.00 price target on the stock. Wedbush restated an “outperform” rating and issued a $85.00 price target on shares of Taylor Morrison Home in a research note on Wednesday, April 23rd. Barclays set a $69.00 price target on Taylor Morrison Home and gave the company an “overweight” rating in a research note on Thursday, April 24th. Seaport Res Ptn upgraded Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 6th. Finally, BTIG Research set a $75.00 price objective on Taylor Morrison Home and gave the stock a “buy” rating in a research report on Wednesday, April 16th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Taylor Morrison Home currently has a consensus rating of “Moderate Buy” and a consensus target price of $76.88.

Taylor Morrison Home Stock Down 3.8%

TMHC stock opened at $56.02 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.39 and a quick ratio of 0.94. Taylor Morrison Home Co. has a fifty-two week low of $51.90 and a fifty-two week high of $75.49. The stock has a market capitalization of $5.62 billion, a price-to-earnings ratio of 6.77 and a beta of 1.68. The business’s fifty day moving average price is $58.01 and its two-hundred day moving average price is $62.22.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings results on Wednesday, April 23rd. The construction company reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.33. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. The company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter last year, the business earned $1.75 earnings per share. Taylor Morrison Home’s revenue was up 11.5% on a year-over-year basis. On average, equities analysts anticipate that Taylor Morrison Home Co. will post 8.93 earnings per share for the current year.

Insider Buying and Selling

In related news, CAO Joseph Terracciano sold 1,537 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total value of $93,372.75. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.40% of the stock is owned by company insiders.

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.