Twinbeech Capital LP Takes Position in Taylor Morrison Home Co. (NYSE:TMHC)

Twinbeech Capital LP purchased a new stake in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 17,193 shares of the construction company's stock, valued at approximately $1,052,000.

Several other hedge funds have also made changes to their positions in TMHC. CIBC Asset Management Inc raised its holdings in shares of Taylor Morrison Home by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 3,302 shares of the construction company's stock valued at $202,000 after purchasing an additional 173 shares in the last quarter. Pacer Advisors Inc. grew its position in Taylor Morrison Home by 1.2% in the 4th quarter. Pacer Advisors Inc. now owns 15,428 shares of the construction company's stock worth $944,000 after purchasing an additional 180 shares during the last quarter. Smartleaf Asset Management LLC grew its position in Taylor Morrison Home by 41.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company's stock worth $51,000 after purchasing an additional 243 shares during the last quarter. Savant Capital LLC grew its position in Taylor Morrison Home by 5.3% in the 4th quarter. Savant Capital LLC now owns 5,012 shares of the construction company's stock worth $307,000 after purchasing an additional 251 shares during the last quarter. Finally, V Square Quantitative Management LLC boosted its position in shares of Taylor Morrison Home by 68.1% during the 4th quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company's stock valued at $42,000 after acquiring an additional 277 shares in the last quarter. Hedge funds and other institutional investors own 95.16% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TMHC. Bank of America started coverage on shares of Taylor Morrison Home in a research report on Monday, May 5th. They set a "buy" rating and a $70.00 target price on the stock. Seaport Res Ptn raised shares of Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 6th. Royal Bank of Canada boosted their price target on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Wall Street Zen upgraded shares of Taylor Morrison Home from a "hold" rating to a "buy" rating in a report on Saturday. Finally, BTIG Research set a $75.00 price objective on shares of Taylor Morrison Home and gave the company a "buy" rating in a report on Wednesday, April 16th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $76.88.

Taylor Morrison Home Stock Up 2.3%

TMHC traded up $1.27 during trading hours on Tuesday, hitting $57.70. 137,466 shares of the company's stock were exchanged, compared to its average volume of 1,035,415. Taylor Morrison Home Co. has a 1-year low of $51.90 and a 1-year high of $75.49. The stock's 50-day moving average is $58.13 and its two-hundred day moving average is $62.29. The stock has a market cap of $5.79 billion, a price-to-earnings ratio of 6.97 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.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The construction company reported $2.18 EPS for the quarter, topping the consensus estimate 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 business had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $1.81 billion. During the same quarter in the prior year, the company posted $1.75 earnings per share. The firm's revenue was up 11.5% on a year-over-year basis. Sell-side analysts predict that Taylor Morrison Home Co. will post 8.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Taylor Morrison Home

In other Taylor Morrison Home news, CAO Joseph Terracciano sold 1,537 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total value of $93,372.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.40% of the company's stock.

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.