Taylor Morrison Home Co. (NYSE:TMHC) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP reduced its holdings in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 25.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,292 shares of the construction company's stock after selling 14,107 shares during the quarter. Two Sigma Investments LP's holdings in Taylor Morrison Home were worth $2,466,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of TMHC. Morse Asset Management Inc acquired a new position in shares of Taylor Morrison Home during the 4th quarter worth $29,000. V Square Quantitative Management LLC grew its holdings in Taylor Morrison Home by 68.1% in the fourth quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company's stock valued at $42,000 after purchasing an additional 277 shares during the last quarter. Quarry LP raised its stake in shares of Taylor Morrison Home by 202.1% during the 4th quarter. Quarry LP now owns 704 shares of the construction company's stock worth $43,000 after buying an additional 471 shares during the last quarter. SRS Capital Advisors Inc. acquired a new stake in Taylor Morrison Home in the 4th quarter valued at about $51,000. Finally, Smartleaf Asset Management LLC raised its position in Taylor Morrison Home by 41.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company's stock worth $51,000 after acquiring an additional 243 shares during the last quarter. 95.16% of the stock is owned by institutional investors and hedge funds.

Taylor Morrison Home Stock Performance

NYSE:TMHC traded up $0.93 during trading hours on Wednesday, reaching $57.51. 205,443 shares of the stock were exchanged, compared to its average volume of 924,850. Taylor Morrison Home Co. has a 52 week low of $51.90 and a 52 week high of $75.49. The company has a quick ratio of 0.94, a current ratio of 6.39 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $5.77 billion, a P/E ratio of 6.94 and a beta of 1.68. The firm has a 50 day simple moving average of $57.63 and a 200-day simple moving average of $61.77.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last released its 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 firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the previous year, the firm earned $1.75 earnings per share. The firm's revenue for the quarter was up 11.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Taylor Morrison Home Co. will post 8.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Wedbush reaffirmed an "outperform" rating and issued a $85.00 price objective on shares of Taylor Morrison Home in a research report on Wednesday, April 23rd. Bank of America assumed coverage on shares of Taylor Morrison Home in a research note on Monday, May 5th. They set a "buy" rating and a $70.00 price objective for the company. Seaport Res Ptn upgraded shares of Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a report on Thursday, March 6th. JPMorgan Chase & Co. decreased their price target on shares of Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. Finally, Wall Street Zen cut Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Sunday. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $76.88.

Insider Buying and Selling at Taylor Morrison Home

In related news, CAO Joseph Terracciano sold 1,537 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total value of $93,372.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.40% of the stock is currently owned by 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.