Versor Investments LP Has $696,000 Stake in Taylor Morrison Home Corporation $TMHC

Key Points

• Versor Investments LP increased its holdings in Taylor Morrison Home Corporation by 73.1% in the 1st quarter, acquiring an additional 4,900 shares to bring their total to 11,600 shares valued at approximately $696,000.
• Taylor Morrison Home recently reported $2.02 EPS for the quarter, surpassing analysts' expectations of $1.94, with revenue reaching $2.03 billion.
• Hedge funds and institutional investors own 95.16% of Taylor Morrison Home's stock, indicating strong institutional interest in the company.

Versor Investments LP increased its position in shares of Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 73.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,600 shares of the construction company's stock after purchasing an additional 4,900 shares during the quarter. Versor Investments LP's holdings in Taylor Morrison Home were worth $696,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Northern Trust Corp lifted its position in Taylor Morrison Home by 13.4% during the fourth quarter. Northern Trust Corp now owns 1,670,241 shares of the construction company's stock worth $102,235,000 after purchasing an additional 197,880 shares during the period. Nuveen Asset Management LLC lifted its holdings in shares of Taylor Morrison Home by 1.6% in the fourth quarter. Nuveen Asset Management LLC now owns 952,988 shares of the construction company's stock worth $58,332,000 after acquiring an additional 14,590 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Taylor Morrison Home by 80.2% in the first quarter. Assenagon Asset Management S.A. now owns 912,064 shares of the construction company's stock worth $54,760,000 after acquiring an additional 405,875 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Taylor Morrison Home by 14.4% in the first quarter. American Century Companies Inc. now owns 877,305 shares of the construction company's stock worth $52,673,000 after acquiring an additional 110,619 shares during the last quarter. Finally, Nuveen LLC bought a new position in shares of Taylor Morrison Home in the first quarter worth about $51,329,000. Institutional investors own 95.16% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Bank of America assumed coverage on shares of Taylor Morrison Home in a report on Monday, May 5th. They issued a "buy" rating and a $70.00 target price for the company. Wall Street Zen cut shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Sunday, June 1st. Finally, Seaport Res Ptn raised shares of Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $76.88.

Taylor Morrison Home Trading Up 5.5%

Shares of Taylor Morrison Home stock traded up $3.5910 on Friday, hitting $69.4110. The stock had a trading volume of 1,928,815 shares, compared to its average volume of 1,179,539. The stock has a 50 day moving average of $63.23 and a 200 day moving average of $60.59. Taylor Morrison Home Corporation has a twelve month low of $51.90 and a twelve month high of $75.49. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.74 and a current ratio of 6.54. The firm has a market capitalization of $6.97 billion, a P/E ratio of 8.02 and a beta of 1.53.

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

Insiders Place Their Bets

In other Taylor Morrison Home news, CFO Curtis Vanhyfte sold 9,754 shares of the stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $65.22, for a total transaction of $636,155.88. Following the completion of the sale, the chief financial officer owned 14,163 shares of the company's stock, valued at approximately $923,710.86. This represents a 40.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.40% of the company's stock.

Taylor Morrison Home 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.