Sippican Capital Advisors Takes $246,000 Position in Taylor Morrison Home Co. (NYSE:TMHC)

Sippican Capital Advisors acquired a new stake in Taylor Morrison Home Co. (NYSE:TMHC) in the third quarter, according to its most recent filing with the SEC. The fund acquired 3,500 shares of the construction company’s stock, valued at approximately $246,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. V Square Quantitative Management LLC bought a new stake in shares of Taylor Morrison Home during the 3rd quarter valued at $29,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Taylor Morrison Home during the 2nd quarter valued at $31,000. UMB Bank n.a. raised its stake 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 purchasing an additional 388 shares during the period. Fidelis Capital Partners LLC bought a new stake in shares of Taylor Morrison Home during the 1st quarter valued at $82,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Taylor Morrison Home during the 1st quarter valued at $91,000. Institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Stock Performance

Shares of TMHC traded down $0.91 during trading hours on Thursday, hitting $68.51. The stock had a trading volume of 32,010 shares, compared to its average volume of 792,890. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.24 and a quick ratio of 0.69. The firm has a market capitalization of $7.25 billion, a PE ratio of 9.93 and a beta of 1.96. Taylor Morrison Home Co. has a 12 month low of $37.64 and a 12 month high of $71.95. The stock has a fifty day moving average price of $67.94 and a 200 day moving average price of $61.93.

Taylor Morrison Home (NYSE:TMHC) last posted its earnings results on Wednesday, October 23rd. The construction company reported $2.37 EPS for the quarter, topping analysts’ consensus estimates of $2.06 by $0.31. The company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $1.96 billion. Taylor Morrison Home had a return on equity of 15.91% and a net margin of 10.39%. The firm’s revenue for the quarter was up 26.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.62 earnings per share. Analysts anticipate that Taylor Morrison Home Co. will post 8.27 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on TMHC shares. BTIG Research boosted their target price on Taylor Morrison Home from $78.00 to $86.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Royal Bank of Canada boosted their target price on Taylor Morrison Home from $74.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Wedbush upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $65.00 to $85.00 in a report on Friday, October 25th. Barclays upped their price objective on Taylor Morrison Home from $72.00 to $75.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. Finally, Raymond James reiterated an “outperform” rating and issued a $84.00 price objective (up from $81.00) on shares of Taylor Morrison Home in a report on Tuesday. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $77.33.

Insider Activity

In other news, EVP Darrell Sherman sold 68,433 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $70.50, for a total transaction of $4,824,526.50. Following the transaction, the executive vice president now owns 109,217 shares of the company’s stock, valued at approximately $7,699,798.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders have sold 95,262 shares of company stock valued at $6,702,557. 3.50% of the stock is currently 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.