Graham Capital Management L.P. Has $3.34 Million Stock Holdings in Taylor Morrison Home Corporation $TMHC

Key Points

• Graham Capital Management L.P. increased its holdings in Taylor Morrison Home Corporation by 38.3% during the first quarter, resulting in ownership of approximately $3.34 million worth of stock.
• Several institutional investors have also modified their positions in Taylor Morrison, with notable increases including a 193.0% boost by GAMMA Investing LLC in the first quarter.
• Taylor Morrison reported earnings per share of $2.02 for the last quarter, which exceeded analyst expectations of $1.94, along with a revenue of $2.03 billion.

Graham Capital Management L.P. boosted its stake in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 38.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 55,603 shares of the construction company's stock after buying an additional 15,390 shares during the quarter. Graham Capital Management L.P. owned approximately 0.06% of Taylor Morrison Home worth $3,338,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC increased its stake 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 during the last quarter. KBC Group NV increased its stake in shares of Taylor Morrison Home by 16.7% during the 1st quarter. KBC Group NV now owns 4,987 shares of the construction company's stock worth $299,000 after purchasing an additional 714 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. acquired a new position in shares of Taylor Morrison Home during the 1st quarter worth $243,000. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Taylor Morrison Home by 10.8% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,200 shares of the construction company's stock worth $552,000 after purchasing an additional 900 shares during the last quarter. Finally, Cerity Partners LLC increased its stake 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 purchasing an additional 3,311 shares during the last quarter. Institutional investors and hedge funds own 95.16% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. 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 lowered shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note 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 company. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $76.88.

Taylor Morrison Home Stock Performance

Taylor Morrison Home stock traded up $0.76 on Wednesday, reaching $67.48. 676,320 shares of the stock were exchanged, compared to its average volume of 1,087,635. The firm has a fifty day moving average price of $64.57 and a two-hundred day moving average price of $60.80. The stock has a market cap of $6.77 billion, a PE ratio of 7.79 and a beta of 1.58. The company has a current ratio of 6.54, a quick ratio of 0.74 and a debt-to-equity ratio of 0.35. Taylor Morrison Home Corporation has a twelve month low of $51.90 and a twelve month high of $75.49.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last announced its quarterly earnings data 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 analyst estimates 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 revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.86 earnings per share. Sell-side 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, CFO Curtis Vanhyfte sold 9,754 shares of the company's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $65.22, for a total transaction of $636,155.88. Following the completion of the transaction, the chief financial officer 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sheryl Palmer sold 25,000 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $70.20, for a total transaction 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. This represents a 6.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 39,836 shares of company stock valued at $2,746,743 in the last ninety days. 1.40% of the stock is owned by company insiders.

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.