Taylor Morrison Home Co. (NYSE:TMHC) Stake Raised by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. increased its stake in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 1,125.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 93,560 shares of the construction company's stock after acquiring an additional 85,926 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.09% of Taylor Morrison Home worth $5,727,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in TMHC. Deutsche Bank AG raised its position in Taylor Morrison Home by 25.1% in the fourth quarter. Deutsche Bank AG now owns 180,023 shares of the construction company's stock valued at $11,019,000 after purchasing an additional 36,142 shares during the period. Cornerstone Select Advisors LLC purchased a new stake in shares of Taylor Morrison Home during the 4th quarter valued at about $1,470,000. Crestline Management LP acquired a new position in Taylor Morrison Home during the 4th quarter worth approximately $5,332,000. Cubist Systematic Strategies LLC purchased a new position in Taylor Morrison Home in the 4th quarter worth approximately $14,736,000. Finally, Cetera Investment Advisers grew its position in Taylor Morrison Home by 9.9% in the fourth quarter. Cetera Investment Advisers now owns 30,198 shares of the construction company's stock valued at $1,848,000 after acquiring an additional 2,711 shares in the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Taylor Morrison Home Stock Performance

Shares of Taylor Morrison Home stock traded down $0.58 during trading hours on Tuesday, reaching $58.75. The company's stock had a trading volume of 825,142 shares, compared to its average volume of 909,884. Taylor Morrison Home Co. has a one year low of $51.90 and a one year high of $75.49. The company's 50 day simple moving average is $58.31 and its 200 day simple moving average is $62.80. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.94 and a current ratio of 6.39. The stock has a market cap of $5.90 billion, a P/E ratio of 7.10 and a beta of 1.68.

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 analysts' consensus estimates of $1.85 by $0.33. The firm had revenue of $1.90 billion for 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%. Taylor Morrison Home's revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the company posted $1.75 earnings per share. As a group, analysts expect that Taylor Morrison Home Co. will post 8.93 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. 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. Royal Bank of Canada increased their price target on Taylor Morrison Home from $72.00 to $74.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Barclays set a $69.00 price target on shares of Taylor Morrison Home and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Wedbush reiterated an "outperform" rating and set a $85.00 price objective on shares of Taylor Morrison Home in a research note on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. cut their target price on shares of Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Taylor Morrison Home has a consensus rating of "Moderate Buy" and an average price target of $76.88.

Insider Activity 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 accessible through this link. Also, Director David C. Merritt sold 2,402 shares of the business's stock in a transaction dated Tuesday, February 25th. The stock was 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. Insiders own 1.40% of the company's stock.

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.