111 Capital Purchases Shares of 13,223 Taylor Morrison Home Co. (NYSE:TMHC)

111 Capital purchased a new stake in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 13,223 shares of the construction company's stock, valued at approximately $809,000.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Taylor Morrison Home in the 4th quarter worth approximately $93,810,000. Boston Partners boosted its stake in shares of Taylor Morrison Home by 88.7% in the 4th quarter. Boston Partners now owns 594,347 shares of the construction company's stock worth $36,794,000 after buying an additional 279,361 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Taylor Morrison Home in the 4th quarter worth approximately $14,736,000. Point72 Asset Management L.P. bought a new stake in shares of Taylor Morrison Home in the 4th quarter worth approximately $13,332,000. Finally, Northern Trust Corp raised its holdings in shares of Taylor Morrison Home by 13.4% in the 4th quarter. Northern Trust Corp now owns 1,670,241 shares of the construction company's stock worth $102,235,000 after purchasing an additional 197,880 shares during the period. Institutional investors and hedge funds own 95.16% of the company's stock.

Taylor Morrison Home Stock Performance

TMHC stock traded down $0.45 during midday trading on Monday, reaching $55.83. 762,272 shares of the company's stock traded hands, compared to its average volume of 927,479. The company has a 50-day moving average price of $57.72 and a two-hundred day moving average price of $61.81. 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 Co. has a 52 week low of $51.90 and a 52 week high of $75.49. The firm has a market capitalization of $5.60 billion, a PE ratio of 6.74 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, beating analysts' consensus estimates of $1.85 by $0.33. The business 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%. The business's revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.75 EPS. As a group, equities analysts anticipate that Taylor Morrison Home Co. will post 8.93 EPS for the current year.

Insider Activity

In other news, CAO Joseph Terracciano sold 1,537 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total transaction of $93,372.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TMHC. Royal Bank of Canada lifted their price target on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Wall Street Zen cut shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Sunday. Seaport Res Ptn raised shares of Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a report on Thursday, March 6th. JPMorgan Chase & Co. lowered their price target on shares of Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $85.00 price target on shares of Taylor Morrison Home in a report on Wednesday, April 23rd. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target 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.