Bayforest Capital Ltd Invests $468,000 in Taylor Morrison Home Corporation $TMHC

Key Points

• Bayforest Capital Ltd invested $468,000 in Taylor Morrison Home Corporation, acquiring 7,624 shares in the second quarter of the year.
• Institutional investors own approximately 95.16% of Taylor Morrison's stock, indicating significant institutional confidence in the company.
• The stock currently has an average rating of "Buy" with a target price of $77.13, and the latest quarterly earnings showed a net margin of 10.72%.

Bayforest Capital Ltd bought a new stake in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 7,624 shares of the construction company's stock, valued at approximately $468,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TMHC. GAMMA Investing LLC grew its holdings in shares of Taylor Morrison Home by 193.0% during the 1st quarter. GAMMA Investing LLC now owns 674 shares of the construction company's stock worth $40,000 after purchasing an additional 444 shares in the last quarter. KBC Group NV boosted its stake in Taylor Morrison Home by 16.7% during the first quarter. KBC Group NV now owns 4,987 shares of the construction company's stock worth $299,000 after buying an additional 714 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. bought a new stake in Taylor Morrison Home in the 1st quarter valued at $243,000. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Taylor Morrison Home by 10.8% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,200 shares of the construction company's stock valued at $552,000 after buying an additional 900 shares in the last quarter. Finally, Cerity Partners LLC lifted its holdings in shares of Taylor Morrison Home by 15.6% during the 1st quarter. Cerity Partners LLC now owns 24,507 shares of the construction company's stock worth $1,471,000 after acquiring an additional 3,311 shares during the period. 95.16% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Weiss Ratings reissued a "buy (b)" rating on shares of Taylor Morrison Home in a research note on Wednesday, October 8th. Seaport Res Ptn upgraded Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 23rd. Finally, Bank of America cut their target price on Taylor Morrison Home from $75.00 to $72.00 and set a "buy" rating for the company in a research report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company's stock. Based on data from MarketBeat.com, Taylor Morrison Home currently has an average rating of "Buy" and an average price target of $77.13.

Taylor Morrison Home Stock Performance

Shares of NYSE:TMHC opened at $63.05 on Wednesday. The business has a fifty day moving average of $66.94 and a 200-day moving average of $62.01. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.74 and a current ratio of 6.54. Taylor Morrison Home Corporation has a twelve month low of $51.90 and a twelve month high of $75.49. The firm has a market cap of $6.33 billion, a PE ratio of 7.28 and a beta of 1.61.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The construction company reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.08. The business had revenue of $2.03 billion for 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 firm's quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.86 EPS. On average, equities research analysts predict that Taylor Morrison Home Corporation will post 8.93 EPS for the current fiscal year.

Insider Activity

In other Taylor Morrison Home news, Director Anne L. Mariucci sold 14,002 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $70.00, for a total value of $980,140.00. Following the transaction, the director directly owned 48,191 shares in the company, valued at approximately $3,373,370. This trade represents a 22.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sheryl Palmer sold 13,513 shares of Taylor Morrison Home stock in a transaction on Friday, September 5th. The shares were sold at an average price of $72.06, for a total value of $973,746.78. Following the completion of the sale, the chief executive officer directly owned 370,475 shares of the company's stock, valued at $26,696,428.50. This trade represents a 3.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 67,351 shares of company stock valued at $4,700,630 over the last three months. 1.40% of the stock is owned by insiders.

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.

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