Caxton Associates LP Has $1.90 Million Stake in Taylor Morrison Home Co. (NYSE:TMHC)

Caxton Associates LP reduced its stake in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 31.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,952 shares of the construction company's stock after selling 14,334 shares during the period. Caxton Associates LP's holdings in Taylor Morrison Home were worth $1,895,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in TMHC. Ameriprise Financial Inc. increased its holdings in Taylor Morrison Home by 3.6% in the 4th quarter. Ameriprise Financial Inc. now owns 641,170 shares of the construction company's stock worth $39,247,000 after purchasing an additional 22,421 shares in the last quarter. Algert Global LLC grew its holdings in shares of Taylor Morrison Home by 31.2% during the fourth quarter. Algert Global LLC now owns 232,881 shares of the construction company's stock worth $14,255,000 after purchasing an additional 55,443 shares during the last quarter. Aristeia Capital L.L.C. acquired a new position in shares of Taylor Morrison Home in the fourth quarter valued at approximately $422,000. Gallagher Fiduciary Advisors LLC raised its holdings in Taylor Morrison Home by 15.6% in the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 6,254 shares of the construction company's stock valued at $383,000 after buying an additional 843 shares during the last quarter. Finally, Freestone Grove Partners LP acquired a new stake in Taylor Morrison Home during the 4th quarter worth approximately $510,000. 95.16% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on TMHC. Royal Bank of Canada raised their price target on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. 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 target price for the company. Seaport Res Ptn upgraded Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research report on Thursday, March 6th. BTIG Research set a $75.00 price target on Taylor Morrison Home and gave the company a "buy" rating in a research note on Wednesday, April 16th. Finally, Barclays set a $69.00 price objective on Taylor Morrison Home and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $76.88.

Taylor Morrison Home Trading Down 0.7 %

TMHC traded down $0.44 during trading on Friday, hitting $58.71. The company's stock had a trading volume of 550,973 shares, compared to its average volume of 906,530. The firm has a market capitalization of $5.89 billion, a P/E 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 quick ratio of 0.94, a current ratio of 6.39 and a debt-to-equity ratio of 0.36. The stock's fifty day moving average price is $58.45 and its 200-day moving average price is $63.22.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The construction company reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.33. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.81 billion. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. Taylor Morrison Home'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 earnings per share. Analysts anticipate that Taylor Morrison Home Co. will post 8.93 EPS for the current year.

Insider Transactions at Taylor Morrison Home

In other news, CAO Joseph Terracciano sold 1,537 shares of the business's stock in a transaction that occurred on 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 Securities & Exchange Commission, which is available at this link. Also, Director David C. Merritt sold 2,402 shares of the company's stock in a transaction that occurred 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. Insiders own 1.40% of the company's stock.

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.