Caxton Associates LLP Takes $2.30 Million Position 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 acquired a new position in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 38,355 shares of the construction company's stock, valued at approximately $2,303,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Nuveen Asset Management LLC grew its stake in shares of Taylor Morrison Home by 1.6% in the fourth quarter. Nuveen Asset Management LLC now owns 952,988 shares of the construction company's stock worth $58,332,000 after acquiring an additional 14,590 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Taylor Morrison Home by 80.2% in the first quarter. Assenagon Asset Management S.A. now owns 912,064 shares of the construction company's stock worth $54,760,000 after acquiring an additional 405,875 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Taylor Morrison Home by 14.4% in the first quarter. American Century Companies Inc. now owns 877,305 shares of the construction company's stock worth $52,673,000 after acquiring an additional 110,619 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Taylor Morrison Home in the first quarter worth $51,329,000. Finally, Victory Capital Management Inc. grew its stake in shares of Taylor Morrison Home by 197.2% in the first quarter. Victory Capital Management Inc. now owns 793,987 shares of the construction company's stock worth $47,671,000 after acquiring an additional 526,819 shares during the last quarter. Institutional investors and hedge funds own 95.16% of the company's stock.

Insider Buying and Selling at Taylor Morrison Home

In other news, CFO Curtis Vanhyfte sold 5,082 shares of the business's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $69.97, for a total value of $355,587.54. Following the sale, the chief financial officer owned 11,742 shares in the company, valued at approximately $821,587.74. The trade was a 30.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sheryl Palmer sold 13,513 shares of the business's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $72.06, for a total transaction of $973,746.78. Following the completion of the sale, the chief executive officer owned 370,475 shares in the company, valued at $26,696,428.50. This represents a 3.52% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 53,349 shares of company stock worth $3,720,490 in the last 90 days. 1.40% of the stock is owned by corporate insiders.

Taylor Morrison Home Stock Down 0.1%

TMHC opened at $71.79 on Tuesday. 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 current ratio of 6.54 and a quick ratio of 0.74. The firm's fifty day moving average price is $65.18 and its two-hundred day moving average price is $60.97. The company has a market capitalization of $7.21 billion, a P/E ratio of 8.29 and a beta of 1.58.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The construction company reported $2.02 earnings per share for the quarter, topping analysts' consensus estimates of $1.94 by $0.08. Taylor Morrison Home had a net margin of 10.72% and a return on equity of 16.22%. The firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the previous year, the company earned $1.86 earnings per share. The business's revenue was up 2.0% compared to the same quarter last year. On average, analysts anticipate that Taylor Morrison Home Corporation will post 8.93 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on TMHC shares. Seaport Res Ptn upgraded shares of Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 23rd. Wall Street Zen downgraded shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note 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 company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $76.88.

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.

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