Dynamic Technology Lab Private Ltd Acquires New 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 (SEC). The institutional investor purchased 23,362 shares of the construction company's stock, valued at approximately $1,403,000.

Other hedge funds have also recently made changes to their positions in the company. Morse Asset Management Inc bought a new position in shares of Taylor Morrison Home in the fourth quarter worth about $29,000. GAMMA Investing LLC grew its holdings in shares of Taylor Morrison Home by 193.0% in the first quarter. GAMMA Investing LLC now owns 674 shares of the construction company's stock worth $40,000 after purchasing an additional 444 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Taylor Morrison Home by 49.5% in the first quarter. Farther Finance Advisors LLC now owns 791 shares of the construction company's stock worth $48,000 after purchasing an additional 262 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of Taylor Morrison Home by 50.2% in the first quarter. Harbor Capital Advisors Inc. now owns 844 shares of the construction company's stock worth $51,000 after purchasing an additional 282 shares during the last quarter. Finally, Fifth Third Bancorp grew its holdings in shares of Taylor Morrison Home by 27.8% in the first quarter. Fifth Third Bancorp now owns 1,034 shares of the construction company's stock worth $62,000 after purchasing an additional 225 shares during the last quarter. 95.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on TMHC shares. Wall Street Zen cut shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Sunday, June 1st. Seaport Res Ptn upgraded shares of Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $76.88.

Taylor Morrison Home Stock Down 2.0%

Shares of TMHC stock traded down $1.44 during mid-day trading on Friday, hitting $69.69. 1,231,616 shares of the stock traded hands, compared to its average volume of 1,059,592. The stock has a market cap of $6.99 billion, a P/E ratio of 8.05 and a beta of 1.58. The stock's fifty day moving average is $65.66 and its two-hundred day moving average is $61.20. Taylor Morrison Home Corporation has a 52-week low of $51.90 and a 52-week high of $75.49. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.54 and a quick ratio of 0.74.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last released its quarterly 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 business had revenue of $2.03 billion during the quarter, compared to analyst estimates of $1.93 billion. Taylor Morrison Home had a net margin of 10.72% and a return on equity of 16.22%. The company's quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.86 earnings per share. Equities analysts predict that Taylor Morrison Home Corporation will post 8.93 EPS for the current year.

Insider Activity

In other Taylor Morrison Home news, CFO Curtis Vanhyfte sold 5,082 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $69.97, for a total transaction of $355,587.54. Following the completion of the sale, the chief financial officer directly owned 11,742 shares of the company's stock, valued at approximately $821,587.74. This represents a 30.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Sheryl Palmer sold 13,513 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $72.06, for a total transaction of $973,746.78. Following the completion of the transaction, the chief executive officer directly owned 370,475 shares of the company's stock, valued at $26,696,428.50. The trade was a 3.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 53,349 shares of company stock valued at $3,720,490. Insiders own 1.40% of the company's stock.

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.