Two Sigma Investments LP Has $2.47 Million Position in Taylor Morrison Home Co. (NYSE:TMHC)

Two Sigma Investments LP trimmed its stake in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 25.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. State of Wyoming purchased a new position in shares of Taylor Morrison Home during the fourth quarter valued at $167,000. Steamboat Capital Partners LLC grew its stake in Taylor Morrison Home by 11.0% during the 4th quarter. Steamboat Capital Partners LLC now owns 167,488 shares of the construction company's stock valued at $10,252,000 after acquiring an additional 16,630 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of Taylor Morrison Home by 5.7% in the 4th quarter. Royal Bank of Canada now owns 284,294 shares of the construction company's stock valued at $17,402,000 after purchasing an additional 15,263 shares during the period. Rafferty Asset Management LLC lifted its position in shares of Taylor Morrison Home by 47.9% in the fourth quarter. Rafferty Asset Management LLC now owns 72,334 shares of the construction company's stock worth $4,428,000 after purchasing an additional 23,432 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Taylor Morrison Home during the fourth quarter worth approximately $120,000. 95.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on TMHC shares. Wedbush reiterated an "outperform" rating and issued a $85.00 price objective on shares of Taylor Morrison Home in a research note on Wednesday, April 23rd. Royal Bank of Canada upped 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. Seaport Res Ptn raised Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research report on Thursday, March 6th. BTIG Research set a $75.00 target price on Taylor Morrison Home and gave the company a "buy" rating in a research note on Wednesday, April 16th. Finally, Wall Street Zen downgraded Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note on Sunday. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $76.88.

Taylor Morrison Home Stock Up 2.5%

Shares of NYSE TMHC traded up $1.44 during mid-day trading on Wednesday, reaching $58.02. 1,062,509 shares of the company traded hands, compared to its average volume of 928,431. The company's fifty day moving average is $57.59 and its two-hundred day moving average is $61.74. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.94 and a current ratio of 6.39. Taylor Morrison Home Co. has a fifty-two week low of $51.90 and a fifty-two week high of $75.49. The stock has a market cap of $5.82 billion, a PE ratio of 7.01 and a beta of 1.68.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The construction company reported $2.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.85 by $0.33. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. The firm 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 business earned $1.75 earnings per share. The company's revenue was up 11.5% on a year-over-year basis. On average, analysts expect that Taylor Morrison Home Co. will post 8.93 earnings per share for the current year.

Insider Activity at Taylor Morrison Home

In other Taylor Morrison Home news, CAO Joseph Terracciano sold 1,537 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total value of $93,372.75. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.40% of the stock is currently owned by company insiders.

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.