Bridgefront Capital LLC Purchases New Shares in Taylor Morrison Home Co. (NYSE:TMHC)

Bridgefront Capital LLC acquired a new stake in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,330 shares of the construction company's stock, valued at approximately $326,000.

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

Insider Buying and Selling

In other Taylor Morrison Home news, CAO Joseph Terracciano sold 1,537 shares of Taylor Morrison Home stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total transaction of $93,372.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David C. Merritt sold 2,402 shares of the company's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total transaction of $153,679.96. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company's stock.

Taylor Morrison Home Stock Performance

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

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last released its earnings results on Wednesday, April 23rd. The construction company reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.33. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.81 billion. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. The firm's revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.75 EPS. As a group, sell-side analysts expect that Taylor Morrison Home Co. will post 8.93 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on TMHC. Seaport Res Ptn upgraded shares of Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a report on Thursday, March 6th. Barclays set a $69.00 price target on Taylor Morrison Home and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Bank of America initiated coverage on shares of Taylor Morrison Home in a report on Monday, May 5th. They set a "buy" rating and a $70.00 target price on the stock. Royal Bank of Canada lifted their price objective on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. reduced their price target 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. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, Taylor Morrison Home has a consensus rating of "Moderate Buy" and a consensus target price of $76.88.

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.