Squarepoint Ops LLC Acquires New Shares in Taylor Morrison Home Co. (NYSE:TMHC)

Squarepoint Ops LLC bought a new position in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 48,069 shares of the construction company's stock, valued at approximately $2,942,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Morse Asset Management Inc acquired a new position in Taylor Morrison Home during the fourth quarter worth about $29,000. V Square Quantitative Management LLC grew its position in shares of Taylor Morrison Home by 68.1% in the fourth quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company's stock valued at $42,000 after purchasing an additional 277 shares in the last quarter. Quarry LP increased its holdings in shares of Taylor Morrison Home by 202.1% in the fourth quarter. Quarry LP now owns 704 shares of the construction company's stock valued at $43,000 after purchasing an additional 471 shares during the last quarter. SRS Capital Advisors Inc. purchased a new position in Taylor Morrison Home during the fourth quarter worth approximately $51,000. Finally, Smartleaf Asset Management LLC lifted its position in Taylor Morrison Home by 41.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company's stock worth $51,000 after buying an additional 243 shares in the last quarter. Hedge funds and other institutional investors own 95.16% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Bank of America started coverage on Taylor Morrison Home in a research note on Monday, May 5th. They issued a "buy" rating and a $70.00 target price for the company. Wedbush reiterated an "outperform" rating and set a $85.00 price target on shares of Taylor Morrison Home in a research report on Wednesday, April 23rd. Seaport Res Ptn raised shares of Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research report on Thursday, March 6th. Barclays set a $69.00 price target on shares of Taylor Morrison Home and gave the stock an "overweight" rating in a report on Thursday, April 24th. Finally, BTIG Research set a $75.00 price target on Taylor Morrison Home and gave the company a "buy" rating in a report on Wednesday, April 16th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $76.88.

Insider Activity

In related news, CAO Joseph Terracciano sold 1,537 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total transaction of $93,372.75. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 1.40% of the company's stock.

Taylor Morrison Home Stock Performance

Shares of Taylor Morrison Home stock traded down $0.56 during trading hours on Friday, hitting $56.31. 1,182,294 shares of the company were exchanged, compared to its average volume of 928,143. The stock has a market capitalization of $5.65 billion, a price-to-earnings ratio of 6.80 and a beta of 1.68. The company has a current ratio of 6.39, a quick ratio of 0.94 and a debt-to-equity ratio of 0.36. Taylor Morrison Home Co. has a 1 year low of $51.90 and a 1 year high of $75.49. The business has a 50-day moving average of $57.83 and a 200-day moving average of $61.90.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The construction company reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.33. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. The firm had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $1.81 billion. During the same period in the prior year, the company posted $1.75 earnings per share. The firm's revenue for the quarter was up 11.5% on a year-over-year basis. As a group, analysts expect that Taylor Morrison Home Co. will post 8.93 EPS for the current fiscal year.

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.