Teza Capital Management LLC Invests $220,000 in Taylor Morrison Home Corporation $TMHC

Key Points

• Teza Capital Management LLC has acquired a new stake in Taylor Morrison Home Corporation, purchasing 3,668 shares valued at approximately $220,000.
• Several hedge funds have increased their positions in Taylor Morrison, with institutional investors now holding 95.16% of the company's stock.
• Analysts show mixed sentiment, with one recently upgrading the stock to a "strong-buy" rating while others maintain a "hold" rating, resulting in an average consensus price target of $76.88.

Teza Capital Management LLC acquired a new position in shares of Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,668 shares of the construction company's stock, valued at approximately $220,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Morse Asset Management Inc bought a new stake in Taylor Morrison Home during the fourth quarter worth about $29,000. GAMMA Investing LLC lifted its holdings in shares of 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 acquiring an additional 444 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of 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 acquiring an additional 262 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of 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 acquiring an additional 282 shares during the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of Taylor Morrison Home by 27.8% in the first quarter. Fifth Third Bancorp now owns 1,034 shares of the construction company's stock worth $62,000 after acquiring an additional 225 shares during the last quarter. Institutional investors own 95.16% of the company's stock.

Analysts Set New Price Targets

TMHC has been the subject of a number of research reports. Wall Street Zen cut shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Sunday, June 1st. 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. One analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company's stock. According to data from MarketBeat, Taylor Morrison Home has a consensus rating of "Buy" and an average price target of $76.88.

Insider Buying and Selling at Taylor Morrison Home

In related news, CFO Curtis Vanhyfte sold 5,082 shares of Taylor Morrison Home stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $69.97, for a total value of $355,587.54. Following the completion of the sale, the chief financial officer owned 11,742 shares of the company's stock, valued at approximately $821,587.74. This trade represents a 30.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Sheryl Palmer sold 13,513 shares of the firm's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $72.06, for a total value of $973,746.78. Following the transaction, the chief executive officer owned 370,475 shares in the company, valued at approximately $26,696,428.50. This trade represents a 3.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 53,349 shares of company stock valued at $3,720,490. 1.40% of the stock is currently owned by insiders.

Taylor Morrison Home Trading Down 2.0%

Shares of TMHC stock traded down $1.44 during trading hours on Friday, hitting $69.69. 1,231,616 shares of the company were exchanged, compared to its average volume of 1,059,592. The firm has a market cap of $6.99 billion, a P/E ratio of 8.05 and a beta of 1.58. Taylor Morrison Home Corporation has a fifty-two week low of $51.90 and a fifty-two week high of $75.49. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.74 and a current ratio of 6.54. The company has a 50 day simple moving average of $65.66 and a two-hundred day simple moving average of $61.20.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The construction company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.94 by $0.08. The company had revenue of $2.03 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.86 EPS. Equities analysts anticipate that Taylor Morrison Home Corporation will post 8.93 EPS for the current 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.