Intech Investment Management LLC Boosts Position in Taylor Morrison Home Corporation $TMHC

Key Points

• Intech Investment Management LLC increased its stake in Taylor Morrison Home Corporation by 8.9%, now owning 49,907 shares valued at approximately $2.996 million.
• Taylor Morrison reported a 12-month high of $75.49 for its stock, but recently saw a 2.0% drop in shares, currently priced at $69.69.
• Brokerages have differing views on Taylor Morrison, with one raising its rating to "strong-buy" while another downgraded it to "hold."

Intech Investment Management LLC grew its stake in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 8.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 49,907 shares of the construction company's stock after acquiring an additional 4,063 shares during the quarter. Intech Investment Management LLC's holdings in Taylor Morrison Home were worth $2,996,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC increased its stake in shares of Taylor Morrison Home by 193.0% in the 1st quarter. GAMMA Investing LLC now owns 674 shares of the construction company's stock worth $40,000 after acquiring an additional 444 shares during the last quarter. Farther Finance Advisors LLC increased 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 worth $48,000 after purchasing an additional 262 shares during the last quarter. Harbor Capital Advisors Inc. increased 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 worth $51,000 after purchasing an additional 282 shares during the last quarter. Fifth Third Bancorp increased 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 worth $62,000 after purchasing an additional 225 shares during the last quarter. Finally, UMB Bank n.a. increased its position in shares of Taylor Morrison Home by 107.1% during the 1st quarter. UMB Bank n.a. now owns 1,114 shares of the construction company's stock worth $67,000 after purchasing an additional 576 shares during the last quarter. 95.16% of the stock is owned by institutional investors and hedge funds.

Taylor Morrison Home Trading Down 2.2%

Taylor Morrison Home stock traded down $1.54 during midday trading on Friday, reaching $67.66. 2,298,753 shares of the stock traded hands, compared to its average volume of 1,074,620. The company has a 50-day simple moving average of $66.08 and a two-hundred day simple moving average of $61.45. Taylor Morrison Home Corporation has a 12-month low of $51.90 and a 12-month high of $75.49. The firm has a market cap of $6.79 billion, a PE ratio of 7.81 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 (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 company 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%.Taylor Morrison Home's revenue for the quarter was up 2.0% on a year-over-year basis. During the same period last year, the business posted $1.86 EPS. Research analysts expect that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TMHC. Seaport Res Ptn raised Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 23rd. Bank of America raised their price objective on Taylor Morrison Home from $72.00 to $75.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $77.50.

Insider Activity

In other news, Director Anne L. Mariucci sold 14,002 shares of Taylor Morrison Home stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $70.00, for a total value of $980,140.00. Following the completion of the transaction, the director 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 SEC, which can be accessed through the SEC website. Also, CFO Curtis Vanhyfte sold 9,754 shares of Taylor Morrison Home stock in a transaction dated 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 transaction, the chief financial officer owned 14,163 shares of the company's stock, valued at $923,710.86. The trade was a 40.78% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 67,351 shares of company stock worth $4,700,630. 1.40% of the stock is currently owned by company 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.