Taylor Morrison Home Corporation $TMHC Shares Bought by Jane Street Group LLC

Key Points

• Jane Street Group LLC increased its stake in Taylor Morrison Home Corporation by 16.8%, owning approximately 188,056 shares valued at around $11.3 million.
• Several institutional investors have also raised their holdings, with Northern Trust Corp growing its position by 13.4% and Assenagon Asset Management S.A. increasing theirs by 80.2%.
• The company reported earnings of $2.02 per share, exceeding analysts’ expectations, and achieved year-over-year revenue growth of 2.0%.

Jane Street Group LLC lifted its position in shares of Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 16.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 188,056 shares of the construction company's stock after purchasing an additional 27,072 shares during the quarter. Jane Street Group LLC owned 0.19% of Taylor Morrison Home worth $11,291,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC raised its holdings in Taylor Morrison Home by 193.0% in the 1st quarter. GAMMA Investing LLC now owns 674 shares of the construction company's stock valued at $40,000 after acquiring an additional 444 shares during the last quarter. KBC Group NV raised its holdings in Taylor Morrison Home by 16.7% in the 1st quarter. KBC Group NV now owns 4,987 shares of the construction company's stock valued at $299,000 after buying an additional 714 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. purchased a new position in Taylor Morrison Home during the first quarter worth about $243,000. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Taylor Morrison Home by 10.8% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,200 shares of the construction company's stock valued at $552,000 after acquiring an additional 900 shares during the last quarter. Finally, Cerity Partners LLC lifted its holdings in shares of Taylor Morrison Home by 15.6% in the 1st quarter. Cerity Partners LLC now owns 24,507 shares of the construction company's stock worth $1,471,000 after acquiring an additional 3,311 shares during the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.

Taylor Morrison Home Stock Performance

Shares of TMHC traded up $2.13 during mid-day trading on Thursday, reaching $69.62. 715,221 shares of the company's stock were exchanged, compared to its average volume of 1,076,655. The business's fifty day simple moving average is $64.57 and its 200-day simple moving average is $60.80. The stock has a market capitalization of $6.99 billion, a PE ratio of 8.05 and a beta of 1.58. Taylor Morrison Home Corporation has a 52-week low of $51.90 and a 52-week high of $75.49. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.54 and a quick ratio of 0.74.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The construction company reported $2.02 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $2.03 billion during the quarter, compared to analysts' expectations of $1.93 billion. During the same period last year, the firm earned $1.86 EPS. The firm's revenue for the quarter was up 2.0% on a year-over-year basis. On average, equities research analysts expect that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current year.

Insider Transactions at Taylor Morrison Home

In other Taylor Morrison Home news, CEO Sheryl Palmer sold 25,000 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $70.20, for a total value of $1,755,000.00. Following the completion of the transaction, the chief executive officer owned 383,988 shares in the company, valued at approximately $26,955,957.60. This represents a 6.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Curtis Vanhyfte sold 9,754 shares of the firm'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 sale, the chief financial officer owned 14,163 shares of the company's stock, valued at $923,710.86. This trade represents a 40.78% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,836 shares of company stock worth $2,746,743. Company insiders own 1.40% of the company's stock.

Analyst Ratings Changes

TMHC has been the topic of several research reports. Wall Street Zen lowered Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note on Sunday, June 1st. Seaport Res Ptn upgraded Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $76.88.

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.