240,740 Shares in Taylor Morrison Home Co. (NYSE:TMHC) Acquired by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC purchased a new stake in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 240,740 shares of the construction company's stock, valued at approximately $14,736,000. Cubist Systematic Strategies LLC owned approximately 0.23% of Taylor Morrison Home at the end of the most recent quarter.

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

Insider Transactions at Taylor Morrison Home

In other Taylor Morrison Home 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 value of $93,372.75. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David C. Merritt sold 2,402 shares of the company's 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. Insiders own 1.40% of the company's stock.

Taylor Morrison Home Trading Up 1.9%

Taylor Morrison Home stock traded up $1.14 during trading on Monday, reaching $59.81. 262,678 shares of the company were exchanged, compared to its average volume of 904,022. The stock's 50 day simple moving average is $58.45 and its two-hundred day simple moving average is $63.19. The company 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. Taylor Morrison Home Co. has a 52-week low of $51.90 and a 52-week high of $75.49.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last posted its quarterly 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. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.81 billion. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. The company's quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.75 EPS. On average, equities research analysts expect that Taylor Morrison Home Co. will post 8.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TMHC. JPMorgan Chase & Co. lowered their price target on Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 18th. Barclays set a $69.00 target price on Taylor Morrison Home and gave the company an "overweight" rating in a research report on Thursday, April 24th. Bank of America started coverage on shares of Taylor Morrison Home in a report on Monday, May 5th. They issued a "buy" rating and a $70.00 price target for the company. BTIG Research set a $75.00 target price on shares of Taylor Morrison Home and gave the stock a "buy" rating in a research note on Wednesday, April 16th. Finally, 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. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $76.88.

Taylor Morrison Home Company 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.