Taylor Morrison Home Corporation $TMHC Shares Bought by FJ Capital Management LLC

Key Points

• FJ Capital Management LLC increased its stake in Taylor Morrison Home Corporation by 10.1%, acquiring an additional 6,821 shares, bringing its total ownership to 74,382 shares valued at $4.47 million.
• Several institutional investors have made significant investments in Taylor Morrison, with Graham Capital Management L.P. increasing its position by 38.3% and Junto Capital Management LP purchasing a new position valued at about $34 million.
• Despite some recent insider selling, analysts are optimistic about the company's prospects, with an average buy rating and a price target of $76.88 per share.

FJ Capital Management LLC lifted its stake in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 10.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 74,382 shares of the construction company's stock after buying an additional 6,821 shares during the quarter. FJ Capital Management LLC owned approximately 0.07% of Taylor Morrison Home worth $4,466,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of TMHC. Morse Asset Management Inc purchased a new stake in shares of Taylor Morrison Home in the fourth quarter worth about $29,000. GAMMA Investing LLC boosted its stake in shares of Taylor Morrison Home by 193.0% in the first quarter. GAMMA Investing LLC now owns 674 shares of the construction company's stock worth $40,000 after buying an additional 444 shares during the last quarter. Quarry LP boosted its stake 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 buying an additional 471 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Taylor Morrison Home by 49.5% in the first 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 last quarter. Finally, Harbor Capital Advisors Inc. boosted its stake in shares of Taylor Morrison Home by 50.2% in the first 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 last quarter. Hedge funds and other institutional investors own 95.16% of the company's stock.

Insider Activity at Taylor Morrison Home

In other Taylor Morrison Home news, CEO Sheryl Palmer sold 25,000 shares of the firm's stock in a transaction on 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Curtis Vanhyfte sold 9,754 shares of Taylor Morrison Home stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $65.22, for a total value of $636,155.88. Following the completion of the sale, the chief financial officer owned 14,163 shares in the company, valued at $923,710.86. This represents a 40.78% decrease in their position. The disclosure for this sale can be found here. Insiders sold 39,836 shares of company stock valued at $2,746,743 over the last quarter. 1.40% of the stock is currently owned by company insiders.

Taylor Morrison Home Price Performance

Shares of Taylor Morrison Home stock traded up $2.64 during mid-day trading on Thursday, reaching $70.13. 1,405,684 shares of the stock traded hands, compared to its average volume of 1,081,053. The business has a 50-day moving average of $64.76 and a 200 day moving average of $60.85. Taylor Morrison Home Corporation has a fifty-two week low of $51.90 and a fifty-two week high of $75.49. The stock has a market capitalization of $7.04 billion, a PE ratio of 8.10 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 (NYSE:TMHC - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The construction company reported $2.02 EPS for the quarter, beating analysts' consensus estimates of $1.94 by $0.08. The business had revenue of $2.03 billion during 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%.The business's revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.86 earnings per share. On average, analysts predict that Taylor Morrison Home Corporation will post 8.93 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Seaport Res Ptn upgraded Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 23rd. Wall Street Zen cut Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Sunday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. According to MarketBeat.com, Taylor Morrison Home has an average rating of "Buy" and a consensus target price 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.