Crestline Management LP Takes Position in Taylor Morrison Home Co. (NYSE:TMHC)

Crestline Management LP acquired a new position in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 87,116 shares of the construction company's stock, valued at approximately $5,332,000. Crestline Management LP owned 0.08% of Taylor Morrison Home as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the stock. Barclays PLC raised its position in shares of Taylor Morrison Home by 66.4% in the third quarter. Barclays PLC now owns 420,419 shares of the construction company's stock valued at $29,539,000 after purchasing an additional 167,735 shares during the period. Franklin Resources Inc. increased its holdings in Taylor Morrison Home by 15.3% during the 3rd quarter. Franklin Resources Inc. now owns 618,360 shares of the construction company's stock worth $42,345,000 after acquiring an additional 81,841 shares during the period. Principal Financial Group Inc. increased its holdings in Taylor Morrison Home by 3.5% during the 3rd quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company's stock worth $144,144,000 after acquiring an additional 69,222 shares during the period. Nordea Investment Management AB increased its holdings in Taylor Morrison Home by 2.0% during the 4th quarter. Nordea Investment Management AB now owns 138,871 shares of the construction company's stock worth $8,529,000 after acquiring an additional 2,760 shares during the period. Finally, Range Financial Group LLC bought a new stake in Taylor Morrison Home during the 4th quarter worth approximately $307,000. Institutional investors own 95.16% of the company's stock.

Taylor Morrison Home Trading Up 1.9%

TMHC traded up $1.14 during trading on Monday, hitting $59.81. 262,678 shares of the stock traded hands, compared to its average volume of 904,022. The firm has a market capitalization of $6.00 billion, a P/E ratio of 7.24 and a beta of 1.68. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.39 and a quick ratio of 0.94. The firm has a 50-day moving average of $58.45 and a 200 day moving average of $63.19. Taylor Morrison Home Co. has a 12-month low of $51.90 and a 12-month high of $75.49.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The construction company reported $2.18 EPS for the quarter, topping the consensus estimate of $1.85 by $0.33. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. The firm had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $1.81 billion. During the same period last year, the company posted $1.75 EPS. The company's quarterly revenue was up 11.5% compared to the same quarter last year. Equities research analysts anticipate that Taylor Morrison Home Co. will post 8.93 EPS for the current year.

Insider Transactions at Taylor Morrison Home

In related news, CAO Joseph Terracciano sold 1,537 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total value of $93,372.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David C. Merritt sold 2,402 shares of the firm's stock in a transaction dated 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.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TMHC. Barclays set a $69.00 price target on shares of Taylor Morrison Home and gave the stock an "overweight" rating in a research note on Thursday, April 24th. BTIG Research set a $75.00 price target on shares of Taylor Morrison Home and gave the stock a "buy" rating in a research note on Wednesday, April 16th. Bank of America began coverage on shares of Taylor Morrison Home in a research note on Monday, May 5th. They issued a "buy" rating and a $70.00 price target for the company. Royal Bank of Canada upped their price objective 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. Finally, Seaport Res Ptn raised shares of Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 6th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $76.88.

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.