Short Interest in Taylor Morrison Home Co. (NYSE:TMHC) Declines By 20.8%

Taylor Morrison Home Co. (NYSE:TMHC) was the target of a significant drop in short interest in February. As of February 28th, there was short interest totalling 2,250,000 shares, a drop of 20.8% from the February 13th total of 2,840,000 shares. Based on an average daily trading volume, of 1,030,000 shares, the days-to-cover ratio is currently 2.2 days. Approximately 2.3% of the company’s stock are sold short.

Taylor Morrison Home Stock Down 0.1 %

Shares of Taylor Morrison Home stock traded down $0.07 on Tuesday, hitting $58.68. The company had a trading volume of 907,185 shares, compared to its average volume of 817,007. The stock has a market capitalization of $5.97 billion, a price-to-earnings ratio of 7.09 and a beta of 2.06. Taylor Morrison Home has a 1 year low of $53.17 and a 1 year high of $75.49. The stock has a 50 day moving average of $62.79 and a 200-day moving average of $66.00. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.94 and a current ratio of 6.39.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings data 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%. As a group, sell-side analysts forecast that Taylor Morrison Home will post 8.93 earnings per share for the current year.

Insider Buying and Selling

In other news, Director David C. Merritt sold 2,402 shares of Taylor Morrison Home stock in a transaction that occurred 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 available through this link. Also, CAO Joseph Terracciano sold 1,537 shares of Taylor Morrison Home stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total value of $93,372.75. The disclosure for this sale can be found here. 3.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Taylor Morrison Home

Several large investors have recently added to or reduced their stakes in TMHC. 111 Capital bought a new stake in shares of Taylor Morrison Home in the 4th quarter valued at about $809,000. GTS Securities LLC purchased a new position in shares of Taylor Morrison Home during the 4th quarter worth approximately $277,000. Vise Technologies Inc. purchased a new stake in shares of Taylor Morrison Home in the 4th quarter worth approximately $310,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Taylor Morrison Home by 17.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 283,509 shares of the construction company’s stock valued at $17,354,000 after acquiring an additional 42,984 shares in the last quarter. Finally, Voloridge Investment Management LLC lifted its holdings in shares of Taylor Morrison Home by 163.0% during the 4th quarter. Voloridge Investment Management LLC now owns 165,634 shares of the construction company’s stock valued at $10,138,000 after buying an additional 102,653 shares during the period. Institutional investors own 95.16% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on TMHC shares. Barclays raised Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $75.00 to $90.00 in a report on Wednesday, December 11th. JPMorgan Chase & Co. lowered their price target on Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. Royal Bank of Canada boosted their price target on Taylor Morrison Home from $72.00 to $74.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Wolfe Research upgraded Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price objective on the stock in a research report on Wednesday, January 8th. Finally, Seaport Res Ptn upgraded Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 6th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $82.43.

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.