Counterpoint Mutual Funds LLC Purchases New Shares in Taylor Morrison Home Co. (NYSE:TMHC)

Counterpoint Mutual Funds LLC purchased a new position in shares of Taylor Morrison Home Co. (NYSE:TMHC) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,349 shares of the construction company’s stock, valued at approximately $270,000.

A number of other institutional investors also recently bought and sold shares of TMHC. Rise Advisors LLC acquired a new position in shares of Taylor Morrison Home in the first quarter valued at approximately $26,000. ICA Group Wealth Management LLC purchased a new position in Taylor Morrison Home during the 4th quarter worth $27,000. Private Wealth Management Group LLC purchased a new stake in shares of Taylor Morrison Home in the fourth quarter valued at about $39,000. Daiwa Securities Group Inc. acquired a new position in shares of Taylor Morrison Home during the fourth quarter worth about $48,000. Finally, Headlands Technologies LLC purchased a new position in Taylor Morrison Home during the fourth quarter worth about $81,000. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Taylor Morrison Home Price Performance

Shares of NYSE:TMHC traded down $1.44 during midday trading on Tuesday, hitting $55.23. 1,049,625 shares of the stock were exchanged, compared to its average volume of 767,749. Taylor Morrison Home Co. has a twelve month low of $37.23 and a twelve month high of $62.64. The company has a current ratio of 6.16, a quick ratio of 0.91 and a debt-to-equity ratio of 0.39. The company has a 50 day moving average price of $57.00 and a 200-day moving average price of $55.67. The stock has a market cap of $5.84 billion, a P/E ratio of 8.11 and a beta of 1.93.

Taylor Morrison Home (NYSE:TMHC) last announced its earnings results on Tuesday, April 30th. The construction company reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.18. The company had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.66 billion. Taylor Morrison Home had a net margin of 10.30% and a return on equity of 15.75%. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.74 earnings per share. On average, research analysts forecast that Taylor Morrison Home Co. will post 7.62 earnings per share for the current year.

Insider Activity at Taylor Morrison Home

In related news, CEO Sheryl Palmer sold 100,000 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $61.70, for a total transaction of $6,170,000.00. Following the sale, the chief executive officer now owns 19,211 shares of the company’s stock, valued at $1,185,318.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director William H. Lyon sold 153,000 shares of the firm’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $62.32, for a total transaction of $9,534,960.00. Following the sale, the director now owns 40,570 shares in the company, valued at $2,528,322.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sheryl Palmer sold 100,000 shares of Taylor Morrison Home stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $61.70, for a total value of $6,170,000.00. Following the completion of the sale, the chief executive officer now directly owns 19,211 shares of the company’s stock, valued at approximately $1,185,318.70. The disclosure for this sale can be found here. 3.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Wedbush reissued an “outperform” rating and issued a $61.00 price target on shares of Taylor Morrison Home in a report on Thursday, May 30th. Zelman & Associates upgraded shares of Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a research report on Friday, April 12th. Royal Bank of Canada increased their price target on shares of Taylor Morrison Home from $61.00 to $63.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Finally, StockNews.com raised shares of Taylor Morrison Home from a “hold” rating to a “buy” rating in a report on Monday, June 10th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $59.40.

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.