Junto Capital Management LP Takes $34.01 Million Position in Taylor Morrison Home Corporation $TMHC

Key Points

• Junto Capital Management LP has acquired 566,413 shares of Taylor Morrison Home Corporation, totaling approximately $34 million, and now holds about 0.56% of the company's stock.
• Several institutional investors, including Nuveen LLC and Long Pond Capital LP, have also made significant new investments in TMHC, demonstrating strong interest from hedge funds.
• Insider trading reports indicate both the CFO and CEO have sold shares, with the CFO reducing his stake by 40.78% and the CEO by 6.11% in recent transactions.

Junto Capital Management LP bought a new stake in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 566,413 shares of the construction company's stock, valued at approximately $34,007,000. Junto Capital Management LP owned about 0.56% of Taylor Morrison Home at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Morse Asset Management Inc acquired a new stake in shares of Taylor Morrison Home in the fourth quarter valued at approximately $29,000. GAMMA Investing LLC lifted its position in Taylor Morrison Home by 193.0% during 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 period. Quarry LP lifted its holdings in shares of Taylor Morrison Home by 202.1% in the fourth quarter. Quarry LP now owns 704 shares of the construction company's stock worth $43,000 after acquiring an additional 471 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings 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 worth $48,000 after buying an additional 262 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its holdings 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 worth $51,000 after buying an additional 282 shares during the period. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Taylor Morrison Home

In other news, CEO Sheryl Palmer sold 25,000 shares of the firm's stock in a transaction that occurred on 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 sale, the chief executive officer owned 383,988 shares of the company's stock, valued at $26,955,957.60. This trade represents a 6.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Curtis Vanhyfte sold 5,082 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $69.97, for a total transaction of $355,587.54. Following the sale, the chief financial officer directly owned 11,742 shares of the company's stock, valued at approximately $821,587.74. This trade represents a 30.21% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 39,836 shares of company stock valued at $2,746,743. Insiders own 1.40% of the company's stock.

Taylor Morrison Home Trading Down 0.9%

Shares of TMHC stock traded down $0.61 during trading hours on Tuesday, hitting $66.76. 623,009 shares of the company were exchanged, compared to its average volume of 1,081,042. The firm has a market cap of $6.70 billion, a P/E ratio of 7.71 and a beta of 1.58. Taylor Morrison Home Corporation has a fifty-two week low of $51.90 and a fifty-two week high of $75.49. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.74 and a current ratio of 6.54. The company has a 50 day simple moving average of $64.42 and a two-hundred day simple moving average of $60.76.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The construction company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.94 by $0.08. The company had revenue of $2.03 billion during the quarter, compared to the consensus estimate 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 quarter last year, the firm posted $1.86 EPS. Equities analysts anticipate that Taylor Morrison Home Corporation will post 8.93 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on TMHC shares. Seaport Res Ptn raised Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 23rd. Bank of America began coverage on shares of Taylor Morrison Home in a report on Monday, May 5th. They set a "buy" rating and a $70.00 price target for the company. Finally, Wall Street Zen lowered shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Sunday, June 1st. One research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $76.88.

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.