Caxton Associates LLP Makes New Investment in Taylor Morrison Home Corporation $TMHC

Key Points

• Caxton Associates LLP has acquired a new position in Taylor Morrison Home Corporation, purchasing 38,355 shares valued at approximately $2.30 million.
• Institutions collectively own 95.16% of Taylor Morrison's stock, with several hedge funds increasing their holdings in the first quarter.
• Taylor Morrison reported a 10.72% net margin and earnings per share of $2.02 for the last quarter, exceeding analysts' estimates of $1.94 by $0.08.

Caxton Associates LLP bought a new position in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 38,355 shares of the construction company's stock, valued at approximately $2,303,000.

Other large investors have also recently modified their holdings of the company. Morse Asset Management Inc bought a new stake in shares of Taylor Morrison Home during the 4th quarter valued at about $29,000. GAMMA Investing LLC boosted its position 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 valued at $40,000 after acquiring an additional 444 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of 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 acquiring an additional 262 shares during the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of 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 acquiring an additional 282 shares during the last quarter. Finally, Fifth Third Bancorp boosted its position in shares of Taylor Morrison Home by 27.8% during the 1st quarter. Fifth Third Bancorp now owns 1,034 shares of the construction company's stock valued at $62,000 after acquiring an additional 225 shares during the last quarter. Institutional investors own 95.16% of the company's stock.

Taylor Morrison Home Price Performance

Shares of NYSE TMHC traded down $1.44 during trading hours on Friday, reaching $69.69. 1,231,616 shares of the stock traded hands, compared to its average volume of 1,081,764. The company has a market capitalization of $6.99 billion, a P/E ratio of 8.05 and a beta of 1.58. The company has a quick ratio of 0.74, a current ratio of 6.54 and a debt-to-equity ratio of 0.35. Taylor Morrison Home Corporation has a 52-week low of $51.90 and a 52-week high of $75.49. The company's 50-day simple moving average is $65.66 and its two-hundred day simple moving average is $61.20.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The construction company reported $2.02 earnings per share for the quarter, beating 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 return on equity of 16.22% and a net margin of 10.72%.Taylor Morrison Home's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the firm posted $1.86 EPS. Equities research analysts forecast that Taylor Morrison Home Corporation will post 8.93 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TMHC. Seaport Res Ptn upgraded Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 23rd. Wall Street Zen downgraded Taylor Morrison Home from a "buy" rating to a "hold" rating in a research 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 stock presently has an average rating of "Buy" and an average price target of $76.88.

Insider Transactions at Taylor Morrison Home

In other Taylor Morrison Home news, CEO Sheryl Palmer sold 25,000 shares of Taylor Morrison Home stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $70.20, for a total value of $1,755,000.00. Following the transaction, the chief executive officer directly owned 383,988 shares of the company's stock, valued at $26,955,957.60. The trade was a 6.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Curtis Vanhyfte sold 9,754 shares of Taylor Morrison Home stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $65.22, for a total value of $636,155.88. Following the completion of the transaction, the chief financial officer directly owned 14,163 shares in the company, valued at $923,710.86. This trade 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 worth $3,720,490. 1.40% of the stock is currently 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.