Jump Financial LLC Acquires Shares of 30,556 Taylor Morrison Home Corporation $TMHC

Key Points

• Jump Financial LLC has acquired a stake in Taylor Morrison Home Corporation, purchasing 30,556 shares valued at approximately $1.8 million in the 1st quarter.
• Several institutional investors, including Ameriprise Financial and Quantbot Technologies, have recently modified their positions in Taylor Morrison, with 95.16% of the company's stock owned by such investors.
• Taylor Morrison reported earnings of $2.02 EPS for the latest quarter, exceeding expectations, with revenue growth of 2.0% compared to the same period last year.

Jump Financial LLC acquired a new stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 30,556 shares of the construction company's stock, valued at approximately $1,835,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Trust Advisors LP lifted its holdings in shares of Taylor Morrison Home by 6.0% in the 4th quarter. First Trust Advisors LP now owns 119,862 shares of the construction company's stock valued at $7,337,000 after acquiring an additional 6,777 shares during the last quarter. Stifel Financial Corp lifted its stake in Taylor Morrison Home by 8.7% during the 4th quarter. Stifel Financial Corp now owns 58,238 shares of the construction company's stock valued at $3,565,000 after acquiring an additional 4,676 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Taylor Morrison Home by 10.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 86,138 shares of the construction company's stock worth $5,273,000 after purchasing an additional 8,205 shares during the period. Quarry LP raised its stake in shares of Taylor Morrison Home by 202.1% during the 4th quarter. Quarry LP now owns 704 shares of the construction company's stock worth $43,000 after buying an additional 471 shares during the period. Finally, Northern Trust Corp boosted its stake in Taylor Morrison Home by 13.4% during the 4th quarter. Northern Trust Corp now owns 1,670,241 shares of the construction company's stock worth $102,235,000 after purchasing an additional 197,880 shares during the last quarter. 95.16% of the stock is currently owned by institutional investors.

Taylor Morrison Home Price Performance

NYSE TMHC traded up $0.01 during mid-day trading on Monday, hitting $67.32. The stock had a trading volume of 888,894 shares, compared to its average volume of 1,131,806. Taylor Morrison Home Corporation has a 52-week low of $51.90 and a 52-week 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 50 day simple moving average of $64.19 and a 200 day simple moving average of $60.69. The company has a market cap of $6.76 billion, a price-to-earnings ratio of 7.77 and a beta of 1.58.

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 net margin of 10.72% and a return on equity of 16.22%. The company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the prior year, the firm earned $1.86 earnings per share. The company's revenue for the quarter was up 2.0% compared to the same quarter last year. Equities analysts forecast that Taylor Morrison Home Corporation will post 8.93 EPS for the current fiscal year.

Insider Activity at Taylor Morrison Home

In other news, CFO Curtis Vanhyfte sold 5,082 shares of the business's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $69.97, for a total transaction of $355,587.54. Following the completion of the sale, the chief financial officer directly owned 11,742 shares of the company's stock, valued at $821,587.74. The trade was a 30.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Sheryl Palmer sold 25,000 shares of the stock in a transaction on 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 owned 383,988 shares in the company, valued at $26,955,957.60. This trade represents a 6.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 39,836 shares of company stock valued at $2,746,743 over the last ninety days. 1.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

TMHC has been the subject of a number of research analyst reports. Wall Street Zen cut Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Sunday, June 1st. Seaport Res Ptn raised Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 23rd. Finally, Bank of America assumed coverage on Taylor Morrison Home in a research note on Monday, May 5th. They issued a "buy" rating and a $70.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. According to data from MarketBeat, Taylor Morrison Home currently has a consensus rating of "Buy" and an average price target of $76.88.

Taylor Morrison Home Company 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.