Intech Investment Management LLC Boosts Stake 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 boosted its stake in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 8.9% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 49,907 shares of the construction company's stock after buying 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 filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Jane Street Group LLC lifted its stake in Taylor Morrison Home by 16.8% in the 1st quarter. Jane Street Group LLC now owns 188,056 shares of the construction company's stock valued at $11,291,000 after buying an additional 27,072 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Taylor Morrison Home by 5.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 299,888 shares of the construction company's stock valued at $18,005,000 after buying an additional 16,379 shares in the last quarter. Woodline Partners LP lifted its stake in Taylor Morrison Home by 92.1% in the 1st quarter. Woodline Partners LP now owns 182,488 shares of the construction company's stock valued at $10,957,000 after buying an additional 87,473 shares in the last quarter. Coppell Advisory Solutions LLC purchased a new stake in Taylor Morrison Home in the 1st quarter valued at approximately $1,034,000. Finally, United Services Automobile Association purchased a new stake in Taylor Morrison Home in the 1st quarter valued at approximately $399,000. Hedge funds and other institutional investors own 95.16% of the company's stock.

Taylor Morrison Home Stock Down 2.0%

Shares of NYSE TMHC opened at $69.69 on Monday. Taylor Morrison Home Corporation has a 12-month low of $51.90 and a 12-month high of $75.49. The company has a market cap of $6.99 billion, a P/E ratio of 8.05 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. The stock has a fifty day moving average price of $65.66 and a 200 day moving average price of $61.20.

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TMHC. Seaport Res Ptn raised Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 23rd. Wall Street Zen lowered Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note on Sunday, June 1st. One analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $76.88.

Insider Buying and Selling at Taylor Morrison Home

In other Taylor Morrison Home news, CFO Curtis Vanhyfte sold 5,082 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $69.97, for a total value of $355,587.54. Following the completion of the transaction, the chief financial officer directly owned 11,742 shares of the company's stock, valued at $821,587.74. This represents a 30.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Sheryl Palmer sold 13,513 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer directly owned 370,475 shares of the company's stock, valued at approximately $26,696,428.50. The trade was a 3.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 53,349 shares of company stock valued at $3,720,490. 1.40% of the stock is 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.

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