Voloridge Investment Management LLC Boosts Stake in Taylor Morrison Home Co. (NYSE:TMHC)

Voloridge Investment Management LLC grew its position in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 163.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 165,634 shares of the construction company's stock after buying an additional 102,653 shares during the quarter. Voloridge Investment Management LLC owned approximately 0.16% of Taylor Morrison Home worth $10,138,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in TMHC. Norges Bank acquired a new position in shares of Taylor Morrison Home in the fourth quarter worth about $93,810,000. Boston Partners boosted its holdings in shares of Taylor Morrison Home by 88.7% in the fourth quarter. Boston Partners now owns 594,347 shares of the construction company's stock worth $36,794,000 after buying an additional 279,361 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of Taylor Morrison Home in the fourth quarter worth about $14,736,000. Point72 Asset Management L.P. acquired a new position in shares of Taylor Morrison Home in the fourth quarter worth about $13,332,000. Finally, Northern Trust Corp boosted its holdings in shares of Taylor Morrison Home by 13.4% in the fourth quarter. Northern Trust Corp now owns 1,670,241 shares of the construction company's stock worth $102,235,000 after buying an additional 197,880 shares during the period. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. BTIG Research set a $75.00 price target on shares of Taylor Morrison Home and gave the stock a "buy" rating in a research report on Wednesday, April 16th. Barclays set a $69.00 price target on shares of Taylor Morrison Home and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Seaport Res Ptn raised shares of Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research report on Thursday, March 6th. Royal Bank of Canada increased 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 report on Thursday, February 13th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating for the company in a research report on Tuesday, February 18th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $76.88.

Taylor Morrison Home Stock Performance

NYSE TMHC traded down $0.73 on Friday, reaching $56.15. The stock had a trading volume of 189,380 shares, compared to its average volume of 922,355. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.39 and a quick ratio of 0.94. The firm has a fifty day moving average of $57.92 and a two-hundred day moving average of $62.11. Taylor Morrison Home Co. has a 1-year low of $51.90 and a 1-year high of $75.49. The company has a market cap of $5.64 billion, a P/E ratio of 6.79 and a beta of 1.68.

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 (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.33. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.81 billion. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. Taylor Morrison Home's quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.75 EPS. On average, equities research analysts anticipate that Taylor Morrison Home Co. will post 8.93 EPS for the current year.

Insider Transactions at Taylor Morrison Home

In other Taylor Morrison Home news, CAO Joseph Terracciano sold 1,537 shares of Taylor Morrison Home 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is owned by corporate 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.