Quantbot Technologies LP Purchases Shares of 27,402 Taylor Morrison Home Co. (NYSE:TMHC)

Quantbot Technologies LP acquired a new stake in Taylor Morrison Home Co. (NYSE:TMHC) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 27,402 shares of the construction company’s stock, valued at approximately $1,925,000.

Several other large investors also recently modified their holdings of the stock. Principal Financial Group Inc. raised its stake in Taylor Morrison Home by 3.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company’s stock worth $144,144,000 after purchasing an additional 69,222 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Taylor Morrison Home by 26.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,362,020 shares of the construction company’s stock valued at $95,696,000 after buying an additional 282,227 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of Taylor Morrison Home by 2.5% in the third quarter. Fisher Asset Management LLC now owns 1,151,977 shares of the construction company’s stock valued at $80,938,000 after buying an additional 28,166 shares during the period. Bank of New York Mellon Corp grew its position in Taylor Morrison Home by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 1,066,470 shares of the construction company’s stock worth $59,125,000 after buying an additional 4,638 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in Taylor Morrison Home by 271.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 896,032 shares of the construction company’s stock worth $62,955,000 after acquiring an additional 654,541 shares during the period. 95.16% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TMHC. Zelman & Associates upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research report on Monday, August 12th. Barclays increased their price objective on shares of Taylor Morrison Home from $72.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. Royal Bank of Canada boosted their target price on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. BTIG Research increased their price target on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Raymond James restated an “outperform” rating and set a $84.00 price objective (up from $81.00) on shares of Taylor Morrison Home in a research report on Tuesday, October 29th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $77.33.

Taylor Morrison Home Stock Performance

Shares of Taylor Morrison Home stock opened at $74.01 on Friday. The company’s 50 day moving average price is $69.78 and its two-hundred day moving average price is $64.01. The firm has a market capitalization of $7.66 billion, a P/E ratio of 9.79 and a beta of 1.96. Taylor Morrison Home Co. has a fifty-two week low of $44.32 and a fifty-two week high of $75.49. 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 (NYSE:TMHC) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.37 earnings per share for the quarter, topping analysts’ consensus estimates of $2.06 by $0.31. The business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $1.96 billion. Taylor Morrison Home had a return on equity of 15.91% and a net margin of 10.39%. Taylor Morrison Home’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.62 EPS. On average, equities analysts forecast that Taylor Morrison Home Co. will post 8.44 earnings per share for the current fiscal year.

Insider Activity

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