AlphaQuest LLC Has $612,000 Holdings in Taylor Morrison Home Corporation $TMHC

Key Points

• AlphaQuest LLC reduced its stake in Taylor Morrison Home Corporation by 49.0% during the first quarter, now owning 10,200 shares valued at approximately $612,000.
• The company's most recent earnings report showed earnings per share of $2.02, surpassing analysts' expectations, with revenue rising 2.0% year-over-year.
• In recent analyst updates, Wall Street Zen downgraded the stock to a "hold," while Bank of America began coverage with a "buy" rating and a target price of $70.00.

AlphaQuest LLC decreased its position in shares of Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 49.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,200 shares of the construction company's stock after selling 9,816 shares during the quarter. AlphaQuest LLC's holdings in Taylor Morrison Home were worth $612,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of TMHC. Morse Asset Management Inc acquired a new position in shares of Taylor Morrison Home during the fourth quarter valued at $29,000. GAMMA Investing LLC lifted its holdings in Taylor Morrison Home by 193.0% in the first quarter. GAMMA Investing LLC now owns 674 shares of the construction company's stock worth $40,000 after purchasing an additional 444 shares during the period. Quarry LP lifted its holdings in Taylor Morrison Home by 202.1% in the fourth quarter. Quarry LP now owns 704 shares of the construction company's stock worth $43,000 after purchasing an additional 471 shares during the period. Farther Finance Advisors LLC lifted its holdings in Taylor Morrison Home by 49.5% in the first quarter. Farther Finance Advisors LLC now owns 791 shares of the construction company's stock worth $48,000 after purchasing an additional 262 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its holdings in Taylor Morrison Home by 50.2% in the first quarter. Harbor Capital Advisors Inc. now owns 844 shares of the construction company's stock worth $51,000 after purchasing an additional 282 shares during the period. Institutional investors and hedge funds own 95.16% of the company's stock.

Taylor Morrison Home Price Performance

Taylor Morrison Home stock traded up $0.01 during midday trading on Friday, hitting $67.32. The company's stock had a trading volume of 888,894 shares, compared to its average volume of 1,131,806. 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 stock's 50-day moving average price is $64.19 and its 200-day moving average price is $60.69. Taylor Morrison Home Corporation has a 12 month low of $51.90 and a 12 month high of $75.49. The company has a market capitalization of $6.76 billion, a PE ratio of 7.77 and a beta of 1.58.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The construction company reported $2.02 EPS for the quarter, topping 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 firm had revenue of $2.03 billion for the quarter, compared to analysts' expectations of $1.93 billion. During the same period in the previous year, the business earned $1.86 earnings per share. Taylor Morrison Home's revenue for the quarter was up 2.0% compared to the same quarter last year. Analysts anticipate that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Activity

In other Taylor Morrison Home news, CEO Sheryl Palmer sold 25,000 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $70.20, for a total transaction of $1,755,000.00. Following the sale, the chief executive officer owned 383,988 shares in the company, valued at approximately $26,955,957.60. The trade was a 6.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Curtis Vanhyfte sold 5,082 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $69.97, for a total value of $355,587.54. Following the sale, the chief financial officer owned 11,742 shares in the company, valued at approximately $821,587.74. The trade was a 30.21% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,836 shares of company stock worth $2,746,743. Corporate insiders own 1.40% of the company's stock.

Taylor Morrison Home 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.