Steamboat Capital Partners LLC Acquires 16,630 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Steamboat Capital Partners LLC boosted its position in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 11.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 167,488 shares of the construction company's stock after acquiring an additional 16,630 shares during the period. Taylor Morrison Home accounts for 3.2% of Steamboat Capital Partners LLC's investment portfolio, making the stock its 11th biggest position. Steamboat Capital Partners LLC owned approximately 0.16% of Taylor Morrison Home worth $10,252,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Barclays PLC boosted its stake in shares of Taylor Morrison Home by 66.4% during the 3rd quarter. Barclays PLC now owns 420,419 shares of the construction company's stock valued at $29,539,000 after purchasing an additional 167,735 shares in the last quarter. Park Avenue Securities LLC lifted its position in Taylor Morrison Home by 25.1% during the fourth quarter. Park Avenue Securities LLC now owns 7,710 shares of the construction company's stock valued at $472,000 after buying an additional 1,547 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Taylor Morrison Home by 43.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company's stock worth $49,000 after acquiring an additional 243 shares in the last quarter. Sheets Smith Wealth Management bought a new stake in shares of Taylor Morrison Home in the 4th quarter worth approximately $550,000. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Taylor Morrison Home in the fourth quarter worth $420,000. Hedge funds and other institutional investors own 95.16% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TMHC. Seaport Res Ptn upgraded shares of Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a report on Thursday, March 6th. JPMorgan Chase & Co. decreased their price target on Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating for the company in a research note on Tuesday, February 18th. Wedbush reaffirmed an "outperform" rating and set a $85.00 price objective on shares of Taylor Morrison Home in a research report on Wednesday, April 23rd. Royal Bank of Canada lifted their price objective on Taylor Morrison Home from $72.00 to $74.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Finally, Bank of America assumed coverage on shares of Taylor Morrison Home in a research note on Monday, May 5th. They set a "buy" rating and a $70.00 target price on the stock. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $76.88.

Insider Transactions at Taylor Morrison Home

In related news, CAO Joseph Terracciano sold 1,537 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total value of $93,372.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David C. Merritt sold 2,402 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $63.98, for a total transaction of $153,679.96. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company's stock.

Taylor Morrison Home Stock Performance

Shares of Taylor Morrison Home stock traded down $0.36 during trading hours on Friday, reaching $56.17. 192,307 shares of the stock traded hands, compared to its average volume of 1,039,986. Taylor Morrison Home Co. has a one year low of $51.90 and a one year high of $75.49. The firm has a market capitalization of $5.64 billion, a price-to-earnings ratio of 6.78 and a beta of 1.68. The company has a quick ratio of 0.94, a current ratio of 6.39 and a debt-to-equity ratio of 0.36. The company has a 50 day moving average price of $58.25 and a 200 day moving average price of $62.64.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last posted 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. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter last year, the firm posted $1.75 earnings per share. The firm's revenue was up 11.5% compared to the same quarter last year. On average, equities research analysts expect that Taylor Morrison Home Co. will post 8.93 earnings per share for the current fiscal 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.