Quantbot Technologies LP Makes New Investment in Taylor Morrison Home Co. (NYSE:TMHC)

Quantbot Technologies LP acquired a new stake in Taylor Morrison Home Co. (NYSE:TMHC) during the third quarter, Holdings Channel.com reports. The firm acquired 27,402 shares of the construction company’s stock, valued at approximately $1,925,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. V Square Quantitative Management LLC acquired a new position in Taylor Morrison Home in the third quarter valued at approximately $29,000. Harbor Capital Advisors Inc. bought a new stake in shares of Taylor Morrison Home in the 3rd quarter valued at $34,000. UMB Bank n.a. lifted its position in shares of Taylor Morrison Home by 263.9% during the 3rd quarter. UMB Bank n.a. now owns 535 shares of the construction company’s stock valued at $38,000 after acquiring an additional 388 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new position in Taylor Morrison Home during the second quarter worth $31,000. Finally, Peterson Financial Group Inc. acquired a new stake in Taylor Morrison Home in the third quarter worth $62,000. Institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Stock Performance

NYSE TMHC opened at $74.01 on Friday. The company has a fifty day moving average price of $69.78 and a 200-day moving average price of $64.01. The firm has a market cap of $7.66 billion, a price-to-earnings ratio of 9.79 and a beta of 1.96. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.24 and a quick ratio of 0.69. Taylor Morrison Home Co. has a 1 year low of $44.32 and a 1 year high of $75.49.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.06 by $0.31. Taylor Morrison Home had a net margin of 10.39% and a return on equity of 15.91%. The firm had revenue of $2.12 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter last year, the business posted $1.62 EPS. The company’s revenue for the quarter was up 26.6% on a year-over-year basis. As a group, equities research analysts predict that Taylor Morrison Home Co. will post 8.44 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Raymond James reiterated an “outperform” rating and set a $84.00 price objective (up previously from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th. BTIG Research increased their price target on Taylor Morrison Home from $78.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Zelman & Associates raised Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research report on Monday, August 12th. StockNews.com raised shares of Taylor Morrison Home from a “hold” rating to a “buy” rating in a research report on Thursday, October 24th. Finally, Royal Bank of Canada upped their price objective on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $77.33.

Insider Activity at Taylor Morrison Home

In related news, EVP Darrell Sherman sold 26,757 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $70.00, for a total transaction of $1,872,990.00. Following the completion of the sale, the executive vice president now owns 109,217 shares in the company, valued at approximately $7,645,190. This trade represents a 19.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director William H. Lyon sold 24,284 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $74.46, for a total transaction of $1,808,186.64. Following the completion of the transaction, the director now owns 2,045,316 shares in the company, valued at approximately $152,294,229.36. The trade was a 1.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 128,621 shares of company stock valued at $9,164,869. 3.50% of the stock is owned by insiders.

Taylor Morrison Home 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.