111 Capital Takes Position in Taylor Morrison Home Co. (NYSE:TMHC)

111 Capital purchased a new position in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 13,223 shares of the construction company's stock, valued at approximately $809,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Morse Asset Management Inc purchased a new stake in Taylor Morrison Home during the 4th quarter worth $29,000. V Square Quantitative Management LLC boosted its position in Taylor Morrison Home by 68.1% in the 4th quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company's stock valued at $42,000 after buying an additional 277 shares during the last quarter. Quarry LP boosted its position in Taylor Morrison Home by 202.1% in the 4th quarter. Quarry LP now owns 704 shares of the construction company's stock valued at $43,000 after buying an additional 471 shares during the last quarter. SRS Capital Advisors Inc. purchased a new position in Taylor Morrison Home in the 4th quarter valued at about $51,000. Finally, Smartleaf Asset Management LLC boosted its position in 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 buying an additional 243 shares during the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.

Taylor Morrison Home Stock Performance

TMHC traded down $0.56 on Friday, hitting $56.31. 1,182,294 shares of the company's stock were exchanged, compared to its average volume of 928,143. Taylor Morrison Home Co. has a twelve month low of $51.90 and a twelve month high of $75.49. The company has a current ratio of 6.39, a quick ratio of 0.94 and a debt-to-equity ratio of 0.36. The firm has a market cap of $5.65 billion, a PE ratio of 6.80 and a beta of 1.68. The stock has a fifty day moving average of $57.83 and a two-hundred day moving average of $61.96.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The construction company reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.33. The business had revenue of $1.90 billion during 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 was up 11.5% on a year-over-year basis. During the same period last year, the firm posted $1.75 earnings per share. On average, research analysts anticipate that Taylor Morrison Home Co. will post 8.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada upped their target price 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. Barclays set a $69.00 target price on shares of Taylor Morrison Home and gave the company an "overweight" rating in a research note on Thursday, April 24th. Wall Street Zen lowered shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note on Sunday. 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. Finally, Wedbush restated an "outperform" rating and issued a $85.00 target price on shares of Taylor Morrison Home in a research note on Wednesday, April 23rd. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Taylor Morrison Home currently has an average rating of "Moderate Buy" and a consensus target price of $76.88.

Insider Activity at Taylor Morrison Home

In other news, CAO Joseph Terracciano sold 1,537 shares of the firm'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 filing with the SEC, which is accessible through this link. 1.40% of the stock is owned by insiders.

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.