Two Sigma Advisers LP Purchases Shares of 31,000 Taylor Morrison Home Co. (NYSE:TMHC)

Two Sigma Advisers LP bought a new stake in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 31,000 shares of the construction company's stock, valued at approximately $1,898,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC lifted its holdings in shares of Taylor Morrison Home by 66.4% during the third quarter. Barclays PLC now owns 420,419 shares of the construction company's stock worth $29,539,000 after purchasing an additional 167,735 shares during the period. Janney Montgomery Scott LLC bought a new position in Taylor Morrison Home during the fourth quarter worth $420,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in Taylor Morrison Home by 13.8% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,093 shares of the construction company's stock worth $312,000 after buying an additional 619 shares during the last quarter. KBC Group NV raised its stake in Taylor Morrison Home by 36.9% during the fourth quarter. KBC Group NV now owns 4,273 shares of the construction company's stock worth $262,000 after buying an additional 1,152 shares during the last quarter. Finally, Pacer Advisors Inc. raised its stake in Taylor Morrison Home by 1.2% during the fourth quarter. Pacer Advisors Inc. now owns 15,428 shares of the construction company's stock worth $944,000 after buying an additional 180 shares during the last quarter. Institutional investors and hedge funds own 95.16% of the company's stock.

Taylor Morrison Home Trading Down 1.0%

Shares of Taylor Morrison Home stock traded down $0.56 during trading on Friday, reaching $56.31. The company's stock had a trading volume of 1,182,294 shares, compared to its average volume of 928,143. Taylor Morrison Home Co. has a 52-week low of $51.90 and a 52-week high of $75.49. The company has a market cap of $5.65 billion, a price-to-earnings ratio of 6.80 and a beta of 1.68. The firm's 50-day moving average is $57.83 and its two-hundred day moving average is $61.96. 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 quarterly earnings results on Wednesday, April 23rd. The construction company reported $2.18 earnings per share for the quarter, beating 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 EPS. The firm's revenue for the quarter was up 11.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Taylor Morrison Home Co. will post 8.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on TMHC shares. Wedbush reissued an "outperform" rating and set a $85.00 target price on shares of Taylor Morrison Home in a research note on Wednesday, April 23rd. Barclays set a $69.00 price target on shares of Taylor Morrison Home and gave the company an "overweight" rating in a research note on Thursday, April 24th. Royal Bank of Canada lifted their price target on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Wall Street Zen downgraded shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note on Sunday. Finally, Bank of America initiated coverage on shares of Taylor Morrison Home in a research note on Monday, May 5th. They issued a "buy" rating and a $70.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $76.88.

Insider Buying and Selling

In other Taylor Morrison Home news, CAO Joseph Terracciano sold 1,537 shares of the firm's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total transaction of $93,372.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is owned by company insiders.

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.