Taylor Morrison Home Corporation $TMHC Holdings Raised by Interval Partners LP

Key Points

• Interval Partners LP increased its stake in Taylor Morrison Home Corporation by 93.2%, owning approximately $41.70 million worth of shares, making it the institutional investor's 21st largest holding.
• Several other institutional investors, including Ameriprise Financial and Deutsche Bank, have also recently adjusted their positions in Taylor Morrison, with institutional ownership now at 95.16%.
• Taylor Morrison reported strong quarterly earnings, beating estimates with $2.02 EPS, and analysts have generally given the stock a "Buy" consensus rating with a target price of $76.88.

Interval Partners LP boosted its holdings in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 93.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 694,542 shares of the construction company's stock after buying an additional 334,972 shares during the period. Taylor Morrison Home accounts for approximately 0.9% of Interval Partners LP's holdings, making the stock its 21st largest holding. Interval Partners LP owned approximately 0.69% of Taylor Morrison Home worth $41,700,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in TMHC. Nuveen LLC acquired a new stake in Taylor Morrison Home in the 1st quarter worth about $51,329,000. Long Pond Capital LP acquired a new stake in Taylor Morrison Home in the 1st quarter worth about $40,345,000. Junto Capital Management LP acquired a new stake in Taylor Morrison Home in the 1st quarter worth about $34,007,000. Victory Capital Management Inc. boosted its stake in Taylor Morrison Home by 197.2% in the 1st quarter. Victory Capital Management Inc. now owns 793,987 shares of the construction company's stock worth $47,671,000 after buying an additional 526,819 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in Taylor Morrison Home by 80.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 912,064 shares of the construction company's stock worth $54,760,000 after buying an additional 405,875 shares during the last quarter. 95.16% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Taylor Morrison Home

In related news, CEO Sheryl Palmer sold 25,000 shares of the business's stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 383,988 shares of the company's stock, valued at approximately $26,955,957.60. The trade was a 6.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Curtis Vanhyfte sold 9,754 shares of Taylor Morrison Home stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $65.22, for a total value of $636,155.88. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 39,836 shares of company stock worth $2,746,743 over the last three months. 1.40% of the stock is currently owned by corporate insiders.

Taylor Morrison Home Trading Up 2.4%

Shares of NYSE TMHC traded up $1.66 during midday trading on Friday, hitting $71.76. The stock had a trading volume of 1,368,165 shares, compared to its average volume of 1,102,806. The company has a market capitalization of $7.20 billion, a price-to-earnings ratio of 8.29 and a beta of 1.58. Taylor Morrison Home Corporation has a 1-year low of $51.90 and a 1-year high of $75.49. The company has a quick ratio of 0.74, a current ratio of 6.54 and a debt-to-equity ratio of 0.35. The company has a fifty day moving average price of $64.97 and a 200 day moving average price of $60.89.

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports 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 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, the company presently has an average rating of "Buy" and an average price target 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.