Taylor Morrison Home Co. (NYSE:TMHC) Short Interest Up 36.5% in February

Taylor Morrison Home Co. (NYSE:TMHC) saw a significant increase in short interest in February. As of February 15th, there was short interest totalling 2,840,000 shares, an increase of 36.5% from the January 31st total of 2,080,000 shares. Currently, 2.9% of the company’s shares are short sold. Based on an average trading volume of 955,300 shares, the days-to-cover ratio is currently 3.0 days.

Insider Activity at Taylor Morrison Home

In related news, Director David C. Merritt sold 2,402 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total transaction of $153,679.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 3.50% of the stock is owned by corporate insiders.

Institutional Trading of Taylor Morrison Home

Institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank bought a new position in shares of Taylor Morrison Home during the fourth quarter valued at $93,810,000. Vision Capital Corp bought a new position in Taylor Morrison Home during the 3rd quarter valued at about $38,173,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Taylor Morrison Home by 26.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,362,020 shares of the construction company’s stock valued at $95,696,000 after acquiring an additional 282,227 shares during the last quarter. Boston Partners grew its stake in shares of Taylor Morrison Home by 88.7% in the fourth quarter. Boston Partners now owns 594,347 shares of the construction company’s stock worth $36,794,000 after acquiring an additional 279,361 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Taylor Morrison Home during the fourth quarter valued at approximately $14,736,000. Institutional investors own 95.16% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Wolfe Research upgraded Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 target price on the stock in a report on Wednesday, January 8th. StockNews.com downgraded Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Royal Bank of Canada boosted their target price on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Barclays raised shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $75.00 to $90.00 in a research report on Wednesday, December 11th. Finally, Seaport Res Ptn lowered shares of Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Taylor Morrison Home currently has a consensus rating of “Moderate Buy” and an average target price of $82.43.

Taylor Morrison Home Stock Performance

Shares of Taylor Morrison Home stock opened at $60.37 on Tuesday. The stock has a market cap of $6.14 billion, a price-to-earnings ratio of 7.29 and a beta of 2.03. 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 has a 1 year low of $53.17 and a 1 year high of $75.49. The firm’s 50-day moving average is $62.94 and its 200 day moving average is $66.37.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings results on Wednesday, February 12th. The construction company reported $2.64 EPS for the quarter, beating analysts’ consensus estimates of $2.40 by $0.24. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. Sell-side analysts anticipate that Taylor Morrison Home 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.