XTX Topco Ltd Has $2.03 Million Stock Position in Taylor Morrison Home Corporation (NYSE:TMHC)

Key Points

• XTX Topco Ltd significantly increased its holdings in Taylor Morrison Home Corporation by 307.2% during the first quarter, now owning shares valued at $2.03 million.
• Institutional investors currently own 95.16% of Taylor Morrison Home's stock, highlighting strong institutional interest in the company.
• The stock has seen recent price adjustments from analysts, with an average price target of $76.88 and several firms maintaining a "buy" rating despite a recent decline of 1.7% in stock value.

XTX Topco Ltd increased its holdings in shares of Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 307.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,867 shares of the construction company's stock after acquiring an additional 25,550 shares during the quarter. XTX Topco Ltd's holdings in Taylor Morrison Home were worth $2,033,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TMHC. Northern Trust Corp lifted its holdings in shares of Taylor Morrison Home by 13.4% in the 4th quarter. Northern Trust Corp now owns 1,670,241 shares of the construction company's stock worth $102,235,000 after acquiring an additional 197,880 shares during the last quarter. Norges Bank purchased a new stake in shares of Taylor Morrison Home in the 4th quarter valued at approximately $93,810,000. Nuveen Asset Management LLC increased its position in shares of Taylor Morrison Home by 1.6% in the 4th quarter. Nuveen Asset Management LLC now owns 952,988 shares of the construction company's stock valued at $58,332,000 after purchasing an additional 14,590 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of Taylor Morrison Home by 80.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 912,064 shares of the construction company's stock valued at $54,760,000 after buying an additional 405,875 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Taylor Morrison Home by 24.0% in the 4th quarter. JPMorgan Chase & Co. now owns 811,253 shares of the construction company's stock valued at $49,657,000 after buying an additional 156,793 shares during the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on TMHC shares. Bank of America initiated coverage on shares of Taylor Morrison Home in a research note on Monday, May 5th. They set a "buy" rating and a $70.00 price target for the company. Wedbush reiterated an "outperform" rating and issued a $85.00 price target on shares of Taylor Morrison Home in a report on Wednesday, April 23rd. BTIG Research set a $75.00 target price on shares of Taylor Morrison Home and gave the stock a "buy" rating in a research report on Wednesday, April 16th. Wall Street Zen cut shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a research report on Sunday, June 1st. Finally, Barclays set a $69.00 price target on shares of Taylor Morrison Home and gave the stock an "overweight" rating in a report on Thursday, April 24th. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $76.88.

Taylor Morrison Home Stock Performance

Shares of Taylor Morrison Home stock traded up $1.08 during trading on Monday, hitting $62.79. 219,103 shares of the stock were exchanged, compared to its average volume of 1,071,217. The stock's fifty day moving average is $60.58 and its 200 day moving average is $60.42. The stock has a market cap of $6.30 billion, a PE ratio of 7.24 and a beta of 1.53. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.74 and a current ratio of 6.54. Taylor Morrison Home Corporation has a 12 month low of $51.90 and a 12 month high of $75.49.

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