Teza Capital Management LLC Makes New Investment 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 purchased a new position in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,668 shares of the construction company's stock, valued at approximately $220,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Morse Asset Management Inc acquired a new stake in shares of Taylor Morrison Home in the fourth quarter worth about $29,000. GAMMA Investing LLC lifted its position 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 buying an additional 444 shares during the last quarter. Farther Finance Advisors LLC lifted its position 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 buying an additional 262 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position 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 buying an additional 282 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position 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 buying an additional 225 shares during the last quarter. Institutional investors and hedge funds own 95.16% of the company's stock.

Analysts Set New Price Targets

TMHC has been the subject of a number of analyst reports. Seaport Res Ptn raised Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 23rd. Wall Street Zen cut Taylor Morrison Home from a "buy" rating to a "hold" rating in a research report on Sunday, June 1st. 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 presently has a consensus rating of "Buy" and a consensus price target of $76.88.

Insider Activity at Taylor Morrison Home

In related news, CEO Sheryl Palmer sold 13,513 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $72.06, for a total transaction of $973,746.78. Following the sale, the chief executive officer directly owned 370,475 shares in the company, valued at $26,696,428.50. This represents a 3.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Curtis Vanhyfte sold 5,082 shares of the stock in a transaction that occurred on 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. This trade represents a 30.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 53,349 shares of company stock worth $3,720,490. Corporate insiders own 1.40% of the company's stock.

Taylor Morrison Home Price Performance

Shares of TMHC stock traded down $0.86 during trading hours on Monday, hitting $68.79. The company had a trading volume of 268,245 shares, compared to its average volume of 1,075,313. Taylor Morrison Home Corporation has a 12 month low of $51.90 and a 12 month high of $75.49. The firm has a market capitalization of $6.90 billion, a price-to-earnings ratio of 7.94 and a beta of 1.58. The firm's fifty day moving average is $65.66 and its 200 day moving average is $61.20. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.74 and a current ratio of 6.54.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The construction company reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.08. Taylor Morrison Home had a return on equity of 16.22% and a net margin of 10.72%.The company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same period in the prior year, the company posted $1.86 EPS. The company's revenue was up 2.0% compared to the same quarter last year. On average, sell-side analysts predict that Taylor Morrison Home Corporation 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.