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

Point72 Asset Management L.P. bought a new position in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 217,800 shares of the construction company's stock, valued at approximately $13,332,000. Point72 Asset Management L.P. owned about 0.21% of Taylor Morrison Home at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. CIBC Asset Management Inc lifted its position in Taylor Morrison Home by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 3,302 shares of the construction company's stock worth $202,000 after acquiring an additional 173 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Taylor Morrison Home by 1.2% during the fourth quarter. Pacer Advisors Inc. now owns 15,428 shares of the construction company's stock valued at $944,000 after buying an additional 180 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Taylor Morrison Home by 43.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company's stock valued at $49,000 after buying an additional 243 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of Taylor Morrison Home by 41.4% during the fourth 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. Finally, Savant Capital LLC raised its position in shares of Taylor Morrison Home by 5.3% during the fourth quarter. Savant Capital LLC now owns 5,012 shares of the construction company's stock valued at $307,000 after buying an additional 251 shares during the last quarter. Institutional investors and hedge funds own 95.16% of the company's stock.

Taylor Morrison Home Price Performance

NYSE TMHC traded down $0.07 on Friday, reaching $56.45. The company's stock had a trading volume of 642,227 shares, compared to its average volume of 924,232. The firm has a market cap of $5.67 billion, a PE ratio of 6.82 and a beta of 1.68. The business has a 50-day moving average price of $58.20 and a 200 day moving average price of $62.48. Taylor Morrison Home Co. has a 52 week low of $51.90 and a 52 week 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.

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 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 firm's revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.75 earnings per share. Sell-side analysts expect that Taylor Morrison Home Co. will post 8.93 EPS for the current year.

Analyst Ratings Changes

TMHC has been the subject of a number of research analyst reports. Wedbush reaffirmed an "outperform" rating and set a $85.00 price objective on shares of Taylor Morrison Home in a research report on Wednesday, April 23rd. Bank of America initiated coverage on shares of Taylor Morrison Home in a research report on Monday, May 5th. They set a "buy" rating and a $70.00 price objective for the company. Seaport Res Ptn raised shares of Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research report on Thursday, March 6th. BTIG Research set a $75.00 price objective on shares of Taylor Morrison Home and gave the company a "buy" rating in a research report on Wednesday, April 16th. Finally, Royal Bank of Canada upped their price objective on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, Taylor Morrison Home currently has a consensus rating of "Moderate Buy" and an average target price of $76.88.

Insider Buying and Selling

In other Taylor Morrison Home news, CAO Joseph Terracciano sold 1,537 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total value of $93,372.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director David C. Merritt sold 2,402 shares of the business'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. 1.40% of the stock is owned by corporate insiders.

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.