AXQ Capital LP Grows Stock Position in Taylor Morrison Home Corporation $TMHC

AXQ Capital LP boosted its holdings in Taylor Morrison Home Corporation (NYSE:TMHC) by 274.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,824 shares of the construction company’s stock after acquiring an additional 12,332 shares during the period. AXQ Capital LP’s holdings in Taylor Morrison Home were worth $990,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in TMHC. Norges Bank acquired a new position in Taylor Morrison Home during the fourth quarter worth about $84,994,000. Eurizon Capital SGR S.p.A. purchased a new position in shares of Taylor Morrison Home during the 4th quarter worth approximately $603,000. Rothschild Investment LLC raised its position in shares of Taylor Morrison Home by 82.4% during the 4th quarter. Rothschild Investment LLC now owns 1,457 shares of the construction company’s stock worth $86,000 after purchasing an additional 658 shares during the last quarter. Intech Investment Management LLC raised its position in shares of Taylor Morrison Home by 1.5% during the 4th quarter. Intech Investment Management LLC now owns 47,275 shares of the construction company’s stock worth $2,783,000 after purchasing an additional 696 shares during the last quarter. Finally, AlphaQuest LLC lifted its stake in Taylor Morrison Home by 75.8% in the 4th quarter. AlphaQuest LLC now owns 68,085 shares of the construction company’s stock valued at $4,008,000 after buying an additional 29,351 shares in the last quarter. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

More Taylor Morrison Home News

Here are the key news stories impacting Taylor Morrison Home this week:

• Positive Sentiment: Berkshire Hathaway agreed to acquire Taylor Morrison Home Corp. for $72.50 per share in cash, valuing the deal at about $6.8 billion to $8.5 billion and representing roughly a 24% premium, which is the main reason the stock jumped. Article Title
• Positive Sentiment: The deal effectively puts a floor under TMHC shares and turns the stock into a merger-arbitrage story, with investors focused on closing risk rather than homebuilding fundamentals. Article Title
• Neutral Sentiment: Several law firms, including KSF, Ademi LLP, and Halper Sadeh, have launched investigations into whether Taylor Morrison shareholders are receiving a fair price and whether the sale process was adequate, which could create some headlines but does not change the announced offer today. Article Title
• Neutral Sentiment: Some commentary suggests Berkshire’s purchase validates the broader U.S. housing market and could lift sentiment across homebuilders, but that is a second-order effect for TMHC now that a buyout is in place. Article Title
• Negative Sentiment: Citizens JMP downgraded Taylor Morrison to “hold,” which is a mild headwind, though it is overshadowed by the acquisition announcement. Article Title

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Zacks Research raised Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 22nd. Bank of America reduced their price objective on Taylor Morrison Home from $72.00 to $68.00 and set a “neutral” rating on the stock in a research report on Monday, April 20th. Weiss Ratings cut Taylor Morrison Home from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, April 24th. Citizens Jmp downgraded shares of Taylor Morrison Home from a “market outperform” rating to a “hold” rating in a research note on Monday. Finally, Truist Financial reduced their target price on shares of Taylor Morrison Home from $80.00 to $72.50 and set a “buy” rating on the stock in a report on Monday. Four equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $76.86.

Taylor Morrison Home Stock Performance

NYSE:TMHC opened at $71.51 on Wednesday. The company has a market cap of $6.68 billion, a P/E ratio of 10.67, a P/E/G ratio of 1.65 and a beta of 1.47. The firm’s 50 day moving average is $59.37 and its two-hundred day moving average is $61.23. Taylor Morrison Home Corporation has a fifty-two week low of $54.15 and a fifty-two week high of $72.50. The company has a quick ratio of 1.45, a current ratio of 7.66 and a debt-to-equity ratio of 0.37.

Taylor Morrison Home (NYSE:TMHC) last issued its earnings results on Wednesday, April 22nd. The construction company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.30. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Taylor Morrison Home had a return on equity of 11.48% and a net margin of 8.77%.The firm’s revenue for the quarter was down 26.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.07 earnings per share. Analysts expect that Taylor Morrison Home Corporation will post 5.36 EPS for the current year.

Taylor Morrison Home Profile

Taylor Morrison Home Corporation (NYSE:TMHC) is a leading national homebuilder and developer specializing in the design, construction and sale of single-family detached and attached homes. The company’s portfolio spans entry-level, first-time, move-up and active-adult segments, offering buyers a diverse array of architectural styles, floor plans and personalized design options. Through its vertically integrated model, Taylor Morrison manages land acquisition, community development, construction and sales to deliver quality homes and customer-focused experiences across its markets.

The company’s heritage traces back to Morrison Homes, founded in 1977, and Taylor Woodrow, established in 1921 in the United Kingdom.