Short Interest in Taylor Morrison Home Co. (NYSE:TMHC) Grows By 36.5%

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

Wall Street Analyst Weigh In

TMHC has been the topic of several research reports. JPMorgan Chase & Co. cut their price objective on Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. Wolfe Research raised 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 research report on Wednesday, January 8th. Barclays raised Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $75.00 to $90.00 in a report on Wednesday, December 11th. Royal Bank of Canada increased their target price on Taylor Morrison Home from $72.00 to $74.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Finally, StockNews.com downgraded Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock 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 stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total transaction of $153,679.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.50% of the company’s stock.

Institutional Trading of Taylor Morrison Home

Institutional investors have recently modified their holdings of the company. Morse Asset Management Inc bought a new position in shares of Taylor Morrison Home during the 4th quarter valued at about $29,000. Harbor Capital Advisors Inc. acquired a new stake in Taylor Morrison Home during the third quarter valued at approximately $34,000. V Square Quantitative Management LLC boosted its holdings in Taylor Morrison Home by 68.1% during the fourth quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company’s stock worth $42,000 after buying an additional 277 shares in the last quarter. Quarry LP grew its position in Taylor Morrison Home by 202.1% in the fourth quarter. Quarry LP now owns 704 shares of the construction company’s stock worth $43,000 after buying an additional 471 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Taylor Morrison Home by 43.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company’s stock valued at $49,000 after buying an additional 243 shares in the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

Taylor Morrison Home Stock Performance

Shares of NYSE TMHC traded up $1.28 during midday trading on Wednesday, hitting $61.53. 1,288,292 shares of the company’s stock were exchanged, compared to its average volume of 1,039,487. Taylor Morrison Home has a twelve month low of $53.17 and a twelve month high of $75.49. The firm has a market cap of $6.26 billion, a P/E ratio of 7.43 and a beta of 2.03. The stock’s 50 day moving average price is $62.93 and its 200-day moving average price is $66.36. 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 (NYSE:TMHC) last announced its earnings results on Wednesday, February 12th. The construction company reported $2.64 EPS for the quarter, topping 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 anticipate that Taylor Morrison Home will post 8.93 EPS for the current year.

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.