Quantbot Technologies LP Increases Stock Position in Taylor Morrison Home Corporation $TMHC

Key Points

• Quantbot Technologies LP increased its stake in Taylor Morrison Home Corporation by 222.5% in the first quarter, now owning approximately 0.12% of the company valued at $6.95 million.
• Taylor Morrison reported an earnings per share (EPS) of $2.02 for the latest quarter, exceeding analysts' expectations of $1.94 and reflecting a 2.0% increase in revenue year-over-year.
• Several analysts have given Taylor Morrison a consensus rating of "Buy" with a target price averaging around $76.88, highlighting a positive market outlook for the stock.

Quantbot Technologies LP boosted its stake in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 222.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 115,827 shares of the construction company's stock after purchasing an additional 79,912 shares during the period. Quantbot Technologies LP owned about 0.12% of Taylor Morrison Home worth $6,954,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Covestor Ltd raised its holdings in shares of Taylor Morrison Home by 14.9% during the first quarter. Covestor Ltd now owns 1,292 shares of the construction company's stock valued at $78,000 after acquiring an additional 168 shares in the last quarter. Cornerstone Select Advisors LLC boosted its holdings in Taylor Morrison Home by 0.7% in the first quarter. Cornerstone Select Advisors LLC now owns 24,190 shares of the construction company's stock valued at $1,452,000 after acquiring an additional 175 shares in the last quarter. Nisa Investment Advisors LLC increased its position in Taylor Morrison Home by 6.1% during the 1st quarter. Nisa Investment Advisors LLC now owns 3,449 shares of the construction company's stock valued at $207,000 after purchasing an additional 197 shares during the period. Avantax Advisory Services Inc. raised its holdings in Taylor Morrison Home by 3.5% in the 1st quarter. Avantax Advisory Services Inc. now owns 5,891 shares of the construction company's stock worth $354,000 after purchasing an additional 201 shares in the last quarter. Finally, Xponance Inc. raised its holdings in Taylor Morrison Home by 1.4% in the 1st quarter. Xponance Inc. now owns 15,631 shares of the construction company's stock worth $938,000 after purchasing an additional 220 shares in the last quarter. Hedge funds and other institutional investors own 95.16% of the company's stock.

Taylor Morrison Home Stock Performance

TMHC stock traded down $0.9410 during midday trading on Thursday, reaching $65.7490. 1,549,556 shares of the company's stock traded hands, compared to its average volume of 1,205,048. Taylor Morrison Home Corporation has a 52-week low of $51.90 and a 52-week high of $75.49. The stock's 50-day moving average is $63.00 and its 200 day moving average is $60.55. The stock has a market cap of $6.60 billion, a P/E ratio of 7.59 and a beta of 1.53. 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 posted its quarterly earnings results 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. The business had revenue of $2.03 billion during the quarter, compared to analyst estimates of $1.93 billion. Taylor Morrison Home had a net margin of 10.72% and a return on equity of 16.22%. The company's revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.86 earnings per share. As a group, analysts anticipate that Taylor Morrison Home Corporation will post 8.93 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TMHC. Wall Street Zen lowered shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note on Sunday, June 1st. Barclays set a $69.00 price objective on shares of Taylor Morrison Home and gave the stock an "overweight" rating in a report on Thursday, April 24th. 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 assumed coverage on Taylor Morrison Home in a research report on Monday, May 5th. They issued a "buy" rating and a $70.00 target price for the company. Finally, Wedbush restated an "outperform" rating and issued a $85.00 target price on shares of Taylor Morrison Home in a research note on Wednesday, April 23rd. One analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company's stock. Based on data from MarketBeat, Taylor Morrison Home has an average rating of "Buy" and an average target price of $76.88.

Insider Activity

In other Taylor Morrison Home news, CFO Curtis Vanhyfte sold 9,754 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $65.22, for a total transaction of $636,155.88. Following the sale, the chief financial officer directly 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 sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.40% of the company's stock.

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.