Trexquant Investment LP Boosts Stock Position in Taylor Morrison Home Corporation $TMHC

Key Points

• Trexquant Investment LP increased its stake in Taylor Morrison Home Corporation by 7.6%, owning 121,741 shares valued at approximately $7.3 million following their acquisition of 8,554 shares.
• Recent analyst ratings for TMHC include a change from a "buy" to a "hold" rating by Wall Street Zen, while Bank of America set a price target of $70.00 with a "buy" rating.
• CEO Sheryl Palmer sold 25,000 shares of Taylor Morrison stock for $1.76 million, marking a 6.11% decrease in her ownership, while CFO Curtis Vanhyfte also sold 9,754 shares recently.

Trexquant Investment LP increased its stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 7.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 121,741 shares of the construction company's stock after acquiring an additional 8,554 shares during the period. Trexquant Investment LP owned about 0.12% of Taylor Morrison Home worth $7,309,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of TMHC. Nuveen LLC acquired a new position in Taylor Morrison Home during the first quarter worth approximately $51,329,000. Long Pond Capital LP acquired a new stake in Taylor Morrison Home during the first quarter worth approximately $40,345,000. Victory Capital Management Inc. grew its position in Taylor Morrison Home by 197.2% during the first quarter. Victory Capital Management Inc. now owns 793,987 shares of the construction company's stock worth $47,671,000 after buying an additional 526,819 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Taylor Morrison Home by 80.2% during the first quarter. Assenagon Asset Management S.A. now owns 912,064 shares of the construction company's stock worth $54,760,000 after buying an additional 405,875 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in Taylor Morrison Home during the fourth quarter worth approximately $14,736,000. Institutional investors and hedge funds own 95.16% of the company's stock.

Insider Buying and Selling

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

Taylor Morrison Home Stock Up 3.3%

Taylor Morrison Home stock traded up $2.22 during midday trading on Thursday, reaching $69.71. The stock had a trading volume of 759,587 shares, compared to its average volume of 1,076,920. 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 $7.00 billion, a P/E ratio of 8.05 and a beta of 1.58. The company has a fifty day moving average price of $64.57 and a two-hundred day moving average price of $60.80. The company has a current ratio of 6.54, a quick ratio of 0.74 and a debt-to-equity ratio of 0.35.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The construction company reported $2.02 EPS for the quarter, topping analysts' consensus estimates of $1.94 by $0.08. The firm had revenue of $2.03 billion during the quarter, compared to analyst estimates of $1.93 billion. Taylor Morrison Home had a return on equity of 16.22% and a net margin of 10.72%.The company's revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.86 EPS. As a group, equities analysts expect that Taylor Morrison Home Corporation will post 8.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TMHC has been the topic of a number of research analyst reports. Seaport Res Ptn raised Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 23rd. Wall Street Zen downgraded Taylor Morrison Home from a "buy" rating to a "hold" rating in a 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 MarketBeat, the company has an average rating of "Buy" and a consensus price target of $76.88.

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.