Millennium Management LLC Has $36.66 Million Position in Taylor Morrison Home Co. (NYSE:TMHC)

Millennium Management LLC decreased its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 15.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 598,895 shares of the construction company’s stock after selling 109,463 shares during the period. Millennium Management LLC owned approximately 0.58% of Taylor Morrison Home worth $36,658,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TMHC. Northern Trust Corp grew its stake in shares of Taylor Morrison Home by 13.4% during the fourth quarter. Northern Trust Corp now owns 1,670,241 shares of the construction company’s stock worth $102,235,000 after purchasing an additional 197,880 shares during the period. Norges Bank acquired a new stake in shares of Taylor Morrison Home in the 4th quarter valued at approximately $93,810,000. Arrowstreet Capital Limited Partnership raised its position in shares of Taylor Morrison Home by 1.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,369,832 shares of the construction company’s stock valued at $83,847,000 after acquiring an additional 20,908 shares during the period. Fisher Asset Management LLC boosted its stake in Taylor Morrison Home by 9.0% during the 4th quarter. Fisher Asset Management LLC now owns 1,255,266 shares of the construction company’s stock worth $76,835,000 after acquiring an additional 103,289 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Taylor Morrison Home by 24.0% during the fourth quarter. JPMorgan Chase & Co. now owns 811,253 shares of the construction company’s stock valued at $49,657,000 after purchasing an additional 156,793 shares during the period. Institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Trading Up 1.7%

TMHC opened at $59.92 on Friday. The stock has a market capitalization of $6.01 billion, a P/E ratio of 7.24 and a beta of 1.68. Taylor Morrison Home Co. has a 12 month low of $51.90 and a 12 month high of $75.49. The firm’s fifty day simple moving average is $58.31 and its 200 day simple moving average is $62.90. The company has a current ratio of 6.39, a quick ratio of 0.94 and a debt-to-equity ratio of 0.36.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings data on Wednesday, April 23rd. The construction company reported $2.18 EPS for the quarter, beating the consensus estimate of $1.85 by $0.33. The business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. The firm’s revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.75 EPS. As a group, research analysts anticipate that Taylor Morrison Home Co. will post 8.93 EPS for the current fiscal year.

Insider Activity at Taylor Morrison Home

In other Taylor Morrison Home news, CAO Joseph Terracciano sold 1,537 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total transaction of $93,372.75. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director David C. Merritt sold 2,402 shares of the business’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $63.98, for a total transaction of $153,679.96. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on TMHC. BTIG Research set a $75.00 target price on shares of Taylor Morrison Home and gave the stock a “buy” rating in a report on Wednesday, April 16th. Bank of America initiated coverage on shares of Taylor Morrison Home in a report on Monday, May 5th. They issued a “buy” rating and a $70.00 price target for the company. Barclays set a $69.00 price target on shares of Taylor Morrison Home and gave the company an “overweight” rating in a report on Thursday, April 24th. Royal Bank of Canada boosted their price target 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. Finally, Wedbush reissued an “outperform” rating and issued a $85.00 price target on shares of Taylor Morrison Home in a report on Wednesday, April 23rd. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Taylor Morrison Home has a consensus rating of “Moderate Buy” and a consensus price target of $76.88.

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.