Taylor Morrison Home Corporation $TMHC Shares Acquired by AQR Capital Management LLC

AQR Capital Management LLC grew its stake in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 23.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 584,132 shares of the construction company's stock after acquiring an additional 112,548 shares during the quarter. AQR Capital Management LLC owned about 0.58% of Taylor Morrison Home worth $34,651,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ameriprise Financial Inc. grew its stake 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 valued at $39,247,000 after buying an additional 22,421 shares during the period. Centiva Capital LP increased its stake in Taylor Morrison Home by 79.4% during the fourth 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 last quarter. Cetera Investment Advisers increased its stake in Taylor Morrison Home by 9.9% during the fourth 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 last quarter. Deutsche Bank AG increased its stake in Taylor Morrison Home by 25.1% during the fourth 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 last quarter. Finally, D. E. Shaw & Co. Inc. increased its stake in Taylor Morrison Home by 1,125.6% during the fourth 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 last quarter. 95.16% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Taylor Morrison Home Stock Down 1.6%

Shares of TMHC stock traded down $1.11 during trading on Friday, reaching $70.02. The company's stock had a trading volume of 297,299 shares, compared to its average volume of 1,074,735. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.54 and a quick ratio of 0.74. The company has a market capitalization of $7.03 billion, a price-to-earnings ratio of 8.08 and a beta of 1.58. The stock's 50-day moving average price is $65.54 and its 200 day moving average price is $61.16. 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 posted its quarterly earnings results 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 business 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.86 earnings per share. On average, research analysts anticipate that Taylor Morrison Home Corporation will post 8.93 EPS for the current year.

Insider Transactions at Taylor Morrison Home

In other news, CEO Sheryl Palmer sold 25,000 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was 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 directly owned 383,988 shares of the company's stock, valued at approximately $26,955,957.60. The trade was a 6.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Curtis Vanhyfte sold 9,754 shares of the company's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $65.22, for a total value of $636,155.88. Following the transaction, the chief financial officer directly owned 14,163 shares of the company's stock, valued at approximately $923,710.86. This represents a 40.78% 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. Corporate insiders own 1.40% of the company's stock.

About Taylor Morrison Home

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.