Ruffer LLP Takes Position in Taylor Morrison Home Co. (NYSE:TMHC)

Ruffer LLP bought a new stake in Taylor Morrison Home Co. (NYSE:TMHC) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 49,849 shares of the construction company’s stock, valued at approximately $3,051,000.

Other hedge funds also recently modified their holdings of the company. Harbor Capital Advisors Inc. bought a new stake in Taylor Morrison Home during the third quarter worth $34,000. Asset Management One Co. Ltd. bought a new position in Taylor Morrison Home in the 3rd quarter valued at approximately $947,000. QRG Capital Management Inc. raised its holdings in Taylor Morrison Home by 40.5% in the 3rd quarter. QRG Capital Management Inc. now owns 16,048 shares of the construction company’s stock valued at $1,128,000 after buying an additional 4,625 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Taylor Morrison Home by 3.5% during the 3rd quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company’s stock worth $144,144,000 after acquiring an additional 69,222 shares during the last quarter. Finally, AIA Group Ltd grew its holdings in Taylor Morrison Home by 94.1% during the 3rd quarter. AIA Group Ltd now owns 7,548 shares of the construction company’s stock worth $530,000 after acquiring an additional 3,659 shares during the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on TMHC. Wolfe Research upgraded shares of Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price target on the stock in a report on Wednesday, January 8th. Barclays raised Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $75.00 to $90.00 in a report on Wednesday, December 11th. Royal Bank of Canada increased their price target on Taylor Morrison Home from $72.00 to $74.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. StockNews.com lowered Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Taylor Morrison Home has a consensus rating of “Moderate Buy” and a consensus target price of $82.43.

Insider Activity

In related news, Director David C. Merritt sold 2,402 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $63.98, for a total transaction of $153,679.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.50% of the company’s stock.

Taylor Morrison Home Price Performance

TMHC stock opened at $61.83 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.39 and a quick ratio of 0.94. The company’s 50-day moving average is $62.98 and its 200-day moving average is $66.31. The stock has a market capitalization of $6.29 billion, a PE ratio of 7.47 and a beta of 2.06. Taylor Morrison Home Co. has a 1 year low of $53.17 and a 1 year high of $75.49.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings data on Wednesday, February 12th. The construction company reported $2.64 EPS for the quarter, beating the consensus estimate 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 expect that Taylor Morrison Home Co. 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.