Balyasny Asset Management L.P. Sells 350,026 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Balyasny Asset Management L.P. lessened its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 24.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,099,339 shares of the construction company's stock after selling 350,026 shares during the period. Balyasny Asset Management L.P. owned about 1.06% of Taylor Morrison Home worth $67,291,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC lifted its stake in shares of Taylor Morrison Home by 68.1% in the 4th quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company's stock valued at $42,000 after purchasing an additional 277 shares during the last quarter. Quarry LP raised its holdings in Taylor Morrison Home by 202.1% during the fourth quarter. Quarry LP now owns 704 shares of the construction company's stock valued at $43,000 after buying an additional 471 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Taylor Morrison Home by 43.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company's stock worth $49,000 after buying an additional 243 shares during the last quarter. SRS Capital Advisors Inc. bought a new stake in shares of Taylor Morrison Home during the 4th quarter worth about $51,000. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Taylor Morrison Home by 41.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company's stock valued at $51,000 after acquiring an additional 243 shares during the last quarter. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on TMHC shares. Seaport Res Ptn upgraded Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a report on Thursday, March 6th. Wedbush reiterated an "outperform" rating and issued a $85.00 target price on shares of Taylor Morrison Home in a report on Wednesday, April 23rd. BTIG Research set a $75.00 price target on Taylor Morrison Home and gave the company a "buy" rating in a research report on Wednesday, April 16th. Bank of America started coverage on Taylor Morrison Home in a research report on Monday, May 5th. They set a "buy" rating and a $70.00 price objective for the company. Finally, JPMorgan Chase & Co. lowered their target price on Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, Taylor Morrison Home presently has a consensus rating of "Moderate Buy" and a consensus target price of $76.88.

Taylor Morrison Home Stock Performance

Shares of TMHC stock traded down $0.44 during mid-day trading on Friday, reaching $58.71. The stock had a trading volume of 550,973 shares, compared to its average volume of 906,530. The firm's 50 day simple moving average is $58.45 and its 200 day simple moving average is $63.22. The company has a quick ratio of 0.94, a current ratio of 6.39 and a debt-to-equity ratio of 0.36. The firm has a market cap of $5.89 billion, a PE ratio of 7.09 and a beta of 1.68. Taylor Morrison Home Co. has a one year low of $51.90 and a one year high of $75.49.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The construction company reported $2.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.85 by $0.33. The company had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $1.81 billion. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. The business's revenue was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.75 EPS. On average, analysts forecast that Taylor Morrison Home Co. will post 8.93 EPS for the current year.

Insider Buying and Selling at Taylor Morrison Home

In other Taylor Morrison Home news, CAO Joseph Terracciano sold 1,537 shares of Taylor Morrison Home stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total value of $93,372.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David C. Merritt sold 2,402 shares of the stock in a transaction on Tuesday, February 25th. The stock was 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. Company insiders own 1.40% of the company's stock.

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.