Aigen Investment Management LP Invests $271,000 in Taylor Morrison Home Corporation $TMHC

Key Points

• Aigen Investment Management LP has acquired 4,514 shares of Taylor Morrison Home Corporation, valued at approximately $271,000, marking a new position for the firm in the first quarter.
• Insider trading activity included CFO Curtis Vanhyfte selling 9,754 shares at an average price of $65.22, resulting in a significant reduction of his holdings by 40.78%.
• Despite a recent downgrade to a "hold" rating from Wall Street Zen, the majority of analysts maintain a positive outlook with a consensus price target of $76.88 for the company's stock.

Aigen Investment Management LP purchased a new position in shares of Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,514 shares of the construction company's stock, valued at approximately $271,000.

A number of other hedge funds also recently modified their holdings of TMHC. Morse Asset Management Inc acquired a new position in shares of Taylor Morrison Home during the fourth quarter worth $29,000. GAMMA Investing LLC increased its position in Taylor Morrison Home by 193.0% during the 1st quarter. GAMMA Investing LLC now owns 674 shares of the construction company's stock valued at $40,000 after purchasing an additional 444 shares during the period. Quarry LP increased its position in Taylor Morrison Home by 202.1% during the 4th quarter. Quarry LP now owns 704 shares of the construction company's stock valued at $43,000 after purchasing an additional 471 shares during the period. Farther Finance Advisors LLC increased its position in Taylor Morrison Home by 49.5% during the 1st quarter. Farther Finance Advisors LLC now owns 791 shares of the construction company's stock valued at $48,000 after purchasing an additional 262 shares during the period. Finally, Harbor Capital Advisors Inc. increased its position in Taylor Morrison Home by 50.2% during the 1st quarter. Harbor Capital Advisors Inc. now owns 844 shares of the construction company's stock valued at $51,000 after purchasing an additional 282 shares during the period. Institutional investors and hedge funds own 95.16% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on TMHC shares. Wedbush reissued an "outperform" rating and set a $85.00 target price on shares of Taylor Morrison Home in a research report on Wednesday, April 23rd. Bank of America began 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 target on the stock. Seaport Res Ptn raised Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 23rd. Barclays set a $69.00 price objective on Taylor Morrison Home and gave the company an "overweight" rating in a research note on Thursday, April 24th. Finally, Wall Street Zen downgraded Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note on Sunday, June 1st. One investment analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. According to data from MarketBeat, Taylor Morrison Home presently has an average rating of "Buy" and a consensus price target of $76.88.

Insider Buying and Selling at Taylor Morrison Home

In related news, CFO Curtis Vanhyfte sold 9,754 shares of the company's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $65.22, for a total value of $636,155.88. Following the sale, the chief financial officer owned 14,163 shares in the company, valued at $923,710.86. This represents a 40.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.40% of the stock is owned by corporate insiders.

Taylor Morrison Home Stock Up 1.6%

Shares of TMHC stock traded up $1.0850 on Tuesday, reaching $69.1950. 453,165 shares of the company were exchanged, compared to its average volume of 1,069,942. The company has a market cap of $6.94 billion, a price-to-earnings ratio of 8.00 and a beta of 1.53. The company has a 50-day moving average of $62.53 and a 200-day moving average of $60.43. 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 Corporation has a one year low of $51.90 and a one year high of $75.49.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The construction company reported $2.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.94 by $0.08. The company 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%. The business's revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.86 EPS. Analysts anticipate that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current year.

Taylor Morrison Home 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.