Woodline Partners LP Acquires 87,473 Shares of Taylor Morrison Home Corporation $TMHC

Key Points

• Woodline Partners LP increased its stake in Taylor Morrison Home Corporation by 92.1%, now owning 182,488 shares valued at approximately $10.96 million.
• In recent analyst ratings, Taylor Morrison Home received a strong-buy upgrade from Seaport Res Ptn, while it has a consensus rating of buy with an average target price of $76.88.
• The company's latest quarterly earnings showed a 2.0% growth in revenue year-over-year, reporting earnings per share of $2.02, exceeding analysts' expectations by $0.08.

Woodline Partners LP lifted its holdings in shares of Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 92.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 182,488 shares of the construction company's stock after acquiring an additional 87,473 shares during the quarter. Woodline Partners LP owned approximately 0.18% of Taylor Morrison Home worth $10,957,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in shares of Taylor Morrison Home by 193.0% during the 1st quarter. GAMMA Investing LLC now owns 674 shares of the construction company's stock worth $40,000 after acquiring an additional 444 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Taylor Morrison Home by 49.5% during the 1st quarter. Farther Finance Advisors LLC now owns 791 shares of the construction company's stock worth $48,000 after acquiring an additional 262 shares during the period. Harbor Capital Advisors Inc. boosted its stake in shares of Taylor Morrison Home by 50.2% during the 1st quarter. Harbor Capital Advisors Inc. now owns 844 shares of the construction company's stock worth $51,000 after acquiring an additional 282 shares during the period. Fifth Third Bancorp boosted its stake in shares of Taylor Morrison Home by 27.8% during the 1st quarter. Fifth Third Bancorp now owns 1,034 shares of the construction company's stock worth $62,000 after acquiring an additional 225 shares during the period. Finally, UMB Bank n.a. boosted its stake in shares of Taylor Morrison Home by 107.1% during the 1st quarter. UMB Bank n.a. now owns 1,114 shares of the construction company's stock worth $67,000 after acquiring an additional 576 shares during the period. 95.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on TMHC shares. Seaport Res Ptn upgraded Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 23rd. Wall Street Zen cut Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Sunday, June 1st. One research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company's stock. Based on data from MarketBeat.com, Taylor Morrison Home has a consensus rating of "Buy" and an average target price of $76.88.

Taylor Morrison Home Stock Performance

NYSE:TMHC opened at $71.18 on Friday. The stock has a market cap of $7.14 billion, a P/E ratio of 8.22 and a beta of 1.58. The stock has a 50 day simple moving average of $65.54 and a 200 day simple moving average of $61.16. 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 Corporation has a 1-year low of $51.90 and a 1-year high of $75.49.

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

Insider Buying and Selling at Taylor Morrison Home

In other Taylor Morrison Home news, CFO Curtis Vanhyfte sold 9,754 shares of Taylor Morrison Home 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 $923,710.86. The trade was a 40.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sheryl Palmer sold 25,000 shares of Taylor Morrison Home stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $70.20, for a total value of $1,755,000.00. Following the completion of the transaction, the chief executive officer directly owned 383,988 shares of the company's stock, valued at $26,955,957.60. This represents a 6.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 53,349 shares of company stock valued at $3,720,490 over the last ninety days. 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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