Voloridge Investment Management LLC Purchases 102,653 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Voloridge Investment Management LLC increased its position in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 163.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 165,634 shares of the construction company's stock after buying an additional 102,653 shares during the period. Voloridge Investment Management LLC owned 0.16% of Taylor Morrison Home worth $10,138,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Barclays PLC lifted its holdings in Taylor Morrison Home by 66.4% during the 3rd quarter. Barclays PLC now owns 420,419 shares of the construction company's stock valued at $29,539,000 after purchasing an additional 167,735 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Taylor Morrison Home during the fourth quarter worth approximately $420,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in Taylor Morrison Home by 13.8% during the 4th 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 purchasing an additional 619 shares during the last quarter. KBC Group NV boosted its stake in Taylor Morrison Home by 36.9% in the 4th quarter. KBC Group NV now owns 4,273 shares of the construction company's stock valued at $262,000 after purchasing an additional 1,152 shares during the period. Finally, Pacer Advisors Inc. boosted its stake in Taylor Morrison Home by 1.2% in the 4th quarter. Pacer Advisors Inc. now owns 15,428 shares of the construction company's stock valued at $944,000 after purchasing an additional 180 shares during the period. Institutional investors own 95.16% of the company's stock.

Wall Street Analyst Weigh In

TMHC has been the subject of a number of research reports. Seaport Res Ptn raised Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a report on Thursday, March 6th. Barclays set a $69.00 target price on shares of Taylor Morrison Home and gave the stock an "overweight" rating in a report on Thursday, April 24th. Wall Street Zen raised Taylor Morrison Home from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Royal Bank of Canada lifted their price objective on Taylor Morrison Home from $72.00 to $74.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. reduced their target price on Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $76.88.

Insider Transactions at Taylor Morrison Home

In other news, CAO Joseph Terracciano sold 1,537 shares of Taylor Morrison Home stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total transaction of $93,372.75. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.40% of the company's stock.

Taylor Morrison Home Price Performance

NYSE:TMHC traded up $0.78 during trading hours on Thursday, hitting $56.84. The company's stock had a trading volume of 806,972 shares, compared to its average volume of 923,881. Taylor Morrison Home Co. 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 0.36, a current ratio of 6.39 and a quick ratio of 0.94. The stock has a fifty day simple moving average of $58.01 and a 200-day simple moving average of $62.22. The company has a market capitalization of $5.71 billion, a P/E ratio of 6.86 and a beta of 1.68.

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 (EPS) for the quarter, beating 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 net margin of 10.81% and a return on equity of 16.50%. The firm's revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.75 EPS. On average, analysts anticipate that Taylor Morrison Home Co. will post 8.93 EPS for the current fiscal year.

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.