Dynamic Technology Lab Private Ltd Takes Position in Taylor Morrison Home Corporation $TMHC

Key Points

• Dynamic Technology Lab Private Ltd acquired 23,362 shares of Taylor Morrison Home Corporation, valued at approximately $1.4 million, indicating a strong interest in the construction sector.
• CEO Sheryl Palmer recently sold 25,000 shares, representing a 6.11% decrease in her holdings, while CFO Curtis Vanhyfte also reduced his position by 40.78% through recent sales.
• Research firms have varied ratings on TMHC, with Wall Street Zen downgrading the stock from "buy" to "hold," while Seaport Res Ptn upgraded it to "strong-buy," reflecting mixed analyst sentiment.

Dynamic Technology Lab Private Ltd purchased a new position in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 23,362 shares of the construction company's stock, valued at approximately $1,403,000.

A number of other large investors also recently modified their holdings of TMHC. Ameriprise Financial Inc. lifted its position in shares of Taylor Morrison Home by 3.6% in the 4th quarter. Ameriprise Financial Inc. now owns 641,170 shares of the construction company's stock worth $39,247,000 after buying an additional 22,421 shares during the last quarter. Centiva Capital LP increased its holdings in shares of Taylor Morrison Home by 79.4% in the 4th quarter. Centiva Capital LP now owns 5,273 shares of the construction company's stock worth $323,000 after acquiring an additional 2,334 shares during the period. Cetera Investment Advisers increased its holdings in shares of Taylor Morrison Home by 9.9% in the 4th quarter. Cetera Investment Advisers now owns 30,198 shares of the construction company's stock worth $1,848,000 after acquiring an additional 2,711 shares during the period. Deutsche Bank AG increased its holdings in shares of Taylor Morrison Home by 25.1% in the 4th quarter. Deutsche Bank AG now owns 180,023 shares of the construction company's stock worth $11,019,000 after acquiring an additional 36,142 shares during the period. Finally, D. E. Shaw & Co. Inc. increased its holdings in shares of Taylor Morrison Home by 1,125.6% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 93,560 shares of the construction company's stock worth $5,727,000 after acquiring an additional 85,926 shares during the period. 95.16% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Sheryl Palmer sold 25,000 shares of the firm's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $70.20, for a total transaction of $1,755,000.00. Following the completion of the transaction, the chief executive officer owned 383,988 shares in the company, valued at approximately $26,955,957.60. This trade represents a 6.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Curtis Vanhyfte sold 9,754 shares of the firm's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $65.22, for a total transaction of $636,155.88. Following the transaction, the chief financial officer owned 14,163 shares of the company's stock, valued at approximately $923,710.86. This trade represents a 40.78% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 53,349 shares of company stock worth $3,720,490. 1.40% of the stock is owned by corporate insiders.

Taylor Morrison Home Price Performance

Taylor Morrison Home stock traded down $1.44 during trading hours on Friday, hitting $69.69. 1,231,616 shares of the company traded hands, compared to its average volume of 1,059,592. The firm has a market cap of $6.99 billion, a P/E ratio of 8.05 and a beta of 1.58. The company has a quick ratio of 0.74, a current ratio of 6.54 and a debt-to-equity ratio of 0.35. The firm's 50-day simple moving average is $65.66 and its two-hundred day simple moving average is $61.20. Taylor Morrison Home Corporation has a 1-year low of $51.90 and a 1-year high of $75.49.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last released its earnings results on Wednesday, July 23rd. The construction company reported $2.02 EPS for the quarter, beating the consensus estimate of $1.94 by $0.08. The firm had revenue of $2.03 billion for the quarter, compared to analysts' expectations of $1.93 billion. Taylor Morrison Home had a net margin of 10.72% and a return on equity of 16.22%. Taylor Morrison Home's quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the company earned $1.86 EPS. As a group, analysts forecast that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Seaport Res Ptn raised shares of Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 23rd. Wall Street Zen cut shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Sunday, June 1st. One analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company's stock. Based on data from MarketBeat, Taylor Morrison Home presently has a consensus rating of "Buy" and a consensus price target 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.