Squarepoint Ops LLC Takes $2.94 Million Position in Taylor Morrison Home Co. (NYSE:TMHC)

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

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its stake in Taylor Morrison Home by 24.0% in the 4th quarter. JPMorgan Chase & Co. now owns 811,253 shares of the construction company's stock valued at $49,657,000 after purchasing an additional 156,793 shares during the period. Barclays PLC boosted its position in shares of Taylor Morrison Home by 66.4% in the third quarter. Barclays PLC now owns 420,419 shares of the construction company's stock valued at $29,539,000 after acquiring an additional 167,735 shares during the period. Counterpoint Mutual Funds LLC grew its stake in shares of Taylor Morrison Home by 174.5% in the fourth quarter. Counterpoint Mutual Funds LLC now owns 10,825 shares of the construction company's stock valued at $663,000 after acquiring an additional 6,881 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Taylor Morrison Home by 20.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,672 shares of the construction company's stock worth $1,877,000 after acquiring an additional 5,307 shares during the period. Finally, Daiwa Securities Group Inc. raised its stake in Taylor Morrison Home by 22.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 14,600 shares of the construction company's stock worth $894,000 after purchasing an additional 2,700 shares in the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TMHC. Barclays set a $69.00 target price on shares of Taylor Morrison Home and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Wall Street Zen upgraded Taylor Morrison Home from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Wedbush reiterated an "outperform" rating and set a $85.00 target price on shares of Taylor Morrison Home in a research report on Wednesday, April 23rd. Seaport Res Ptn upgraded Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research report on Thursday, March 6th. Finally, BTIG Research set a $75.00 price target on Taylor Morrison Home and gave the company a "buy" rating in a research note on Wednesday, April 16th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $76.88.

Insider Activity

In other news, CAO Joseph Terracciano sold 1,537 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total value of $93,372.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.40% of the stock is owned by corporate insiders.

Taylor Morrison Home Price Performance

Taylor Morrison Home stock traded down $0.56 during midday trading on Friday, reaching $56.31. The company's stock had a trading volume of 1,182,294 shares, compared to its average volume of 926,255. The stock has a market cap of $5.65 billion, a PE 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 52 week low of $51.90 and a 52 week high of $75.49. The business has a 50-day moving average price of $57.92 and a 200-day moving average price of $62.11.

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

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.