Walleye Capital LLC Boosts Stock Position in Taylor Morrison Home Corporation $TMHC

Key Points

• Walleye Capital LLC increased its stake in Taylor Morrison Home Corporation by 15.8%, owning 228,870 shares valued at approximately $13.74 million as of the latest SEC filing.
• Analysts' ratings vary, with one downgrading the stock from "buy" to "hold," while another upgraded it to "strong-buy," resulting in an average rating of "buy" with a target price of $76.88.
• Taylor Morrison reported a revenue of $2.03 billion for the quarter, exceeding expectations, with an EPS of $2.02, surpassing the consensus estimate of $1.94.

Walleye Capital LLC grew its stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 15.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 228,870 shares of the construction company's stock after buying an additional 31,296 shares during the period. Walleye Capital LLC owned 0.23% of Taylor Morrison Home worth $13,741,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in TMHC. First Trust Advisors LP raised its stake in Taylor Morrison Home by 6.0% during the 4th quarter. First Trust Advisors LP now owns 119,862 shares of the construction company's stock valued at $7,337,000 after purchasing an additional 6,777 shares during the period. Tower Research Capital LLC TRC increased its stake in Taylor Morrison Home by 346.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 12,132 shares of the construction company's stock worth $743,000 after acquiring an additional 9,415 shares during the last quarter. Stifel Financial Corp increased its stake in Taylor Morrison Home by 8.7% in the 4th quarter. Stifel Financial Corp now owns 58,238 shares of the construction company's stock worth $3,565,000 after acquiring an additional 4,676 shares during the last quarter. IHT Wealth Management LLC bought a new stake in Taylor Morrison Home in the 4th quarter worth approximately $442,000. Finally, Hsbc Holdings PLC increased its stake in Taylor Morrison Home by 1,172.8% in the 4th quarter. Hsbc Holdings PLC now owns 211,515 shares of the construction company's stock worth $12,993,000 after acquiring an additional 194,897 shares during the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Taylor Morrison Home Price Performance

Shares of TMHC stock opened at $69.4110 on Monday. Taylor Morrison Home Corporation has a twelve month low of $51.90 and a twelve month high of $75.49. The stock has a market capitalization of $6.97 billion, a price-to-earnings ratio of 8.02 and a beta of 1.53. The stock has a fifty day simple moving average of $63.23 and a two-hundred day simple moving average of $60.53. The company has a current ratio of 6.54, a quick ratio of 0.74 and a debt-to-equity ratio of 0.35.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The construction company reported $2.02 earnings per share for the quarter, topping 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 business had revenue of $2.03 billion during the quarter, compared to analysts' expectations of $1.93 billion. During the same period in the prior year, the business earned $1.86 EPS. The business's revenue for the quarter was up 2.0% compared to the same quarter last year. On average, analysts predict that Taylor Morrison Home Corporation will post 8.93 EPS for the current fiscal year.

Insider Activity at Taylor Morrison Home

In other news, CFO Curtis Vanhyfte sold 9,754 shares of the business's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $65.22, for a total value of $636,155.88. Following the completion of the transaction, the chief financial officer directly owned 14,163 shares of the company's stock, valued at approximately $923,710.86. The trade was a 40.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.40% of the company's stock.

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.

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