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

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

Insiders Place Their Bets

In other Taylor Morrison Home news, CAO Joseph Terracciano sold 1,537 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total transaction of $93,372.75. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director David C. Merritt sold 2,402 shares of Taylor Morrison Home stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total value of $153,679.96. The disclosure for this sale can be found here. 3.50% of the stock is owned by company insiders.

Institutional Trading of Taylor Morrison Home

Several large investors have recently made changes to their positions in the business. 111 Capital bought a new stake in shares of Taylor Morrison Home during the fourth quarter worth $809,000. GTS Securities LLC bought a new position in Taylor Morrison Home in the fourth quarter valued at about $277,000. Vise Technologies Inc. bought a new position in Taylor Morrison Home in the fourth quarter valued at about $310,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Taylor Morrison Home by 17.9% in the fourth 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 during the last quarter. Finally, Voloridge Investment Management LLC boosted its holdings in Taylor Morrison Home by 163.0% in the fourth quarter. Voloridge Investment Management LLC now owns 165,634 shares of the construction company’s stock valued at $10,138,000 after acquiring an additional 102,653 shares during the last quarter. Institutional investors own 95.16% of the company’s stock.

Analyst Upgrades and Downgrades

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

Taylor Morrison Home Price Performance

NYSE:TMHC traded down $0.07 during trading hours on Tuesday, reaching $58.68. The company had a trading volume of 907,185 shares, compared to its average volume of 817,007. The stock has a 50-day moving average of $62.79 and a two-hundred day moving average of $66.00. Taylor Morrison Home has a one year low of $53.17 and a one year high of $75.49. The firm has a market capitalization of $5.97 billion, a PE ratio of 7.09 and a beta of 2.06. The company has a quick ratio of 0.94, a current ratio of 6.39 and a debt-to-equity ratio of 0.36.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings results on Wednesday, February 12th. The construction company reported $2.64 earnings per share for the quarter, beating analysts’ consensus estimates of $2.40 by $0.24. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. Analysts forecast that Taylor Morrison Home will post 8.93 earnings per share 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.