Point72 Asset Management L.P. Invests $13.33 Million in Taylor Morrison Home Co. (NYSE:TMHC)

Point72 Asset Management L.P. purchased a new position in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 217,800 shares of the construction company's stock, valued at approximately $13,332,000. Point72 Asset Management L.P. owned 0.21% of Taylor Morrison Home at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Morse Asset Management Inc purchased a new position in shares of Taylor Morrison Home during the 4th quarter valued at approximately $29,000. V Square Quantitative Management LLC boosted its stake in 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 valued at $42,000 after acquiring an additional 277 shares during the last quarter. Quarry LP grew its holdings in Taylor Morrison Home by 202.1% during the 4th quarter. Quarry LP now owns 704 shares of the construction company's stock worth $43,000 after acquiring an additional 471 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Taylor Morrison Home by 43.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company's stock worth $49,000 after purchasing an additional 243 shares during the last quarter. Finally, SRS Capital Advisors Inc. acquired a new stake in shares of Taylor Morrison Home in the 4th quarter valued at about $51,000. Institutional investors and hedge funds own 95.16% of the company's stock.

Insider Activity at Taylor Morrison Home

In related news, CAO Joseph Terracciano sold 1,537 shares of the 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 Securities & Exchange Commission, which is available through the SEC website. Also, Director David C. Merritt sold 2,402 shares of Taylor Morrison Home stock in a transaction on Tuesday, February 25th. The shares were 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. 1.40% of the stock is currently owned by insiders.

Taylor Morrison Home Stock Performance

NYSE:TMHC traded down $0.69 during midday trading on Thursday, reaching $56.49. 2,711,117 shares of the company traded hands, compared to its average volume of 920,650. The firm has a market capitalization of $5.67 billion, a price-to-earnings ratio of 6.82 and a beta of 1.68. The company has a fifty day moving average price of $58.30 and a 200 day moving average price of $62.73. 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 twelve month low of $51.90 and a twelve 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.85 by $0.33. The company had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.81 billion. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. The firm's quarterly revenue was up 11.5% compared to the same quarter last year. During the same period last year, the business posted $1.75 earnings per share. On average, analysts expect that Taylor Morrison Home Co. will post 8.93 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on TMHC. Royal Bank of Canada lifted their price target on Taylor Morrison Home from $72.00 to $74.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Barclays set a $69.00 target price on Taylor Morrison Home and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Bank of America began coverage on Taylor Morrison Home in a research report on Monday, May 5th. They set a "buy" rating and a $70.00 price target on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating for the company in a report on Tuesday, February 18th. Finally, BTIG Research set a $75.00 target price on shares of Taylor Morrison Home and gave the company a "buy" rating in a research note on Wednesday, April 16th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price 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.