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 lifted its holdings in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 307.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,867 shares of the construction company's stock after buying 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 quarter.

Other institutional investors have also made changes to their positions in the company. Morse Asset Management Inc bought a new stake in Taylor Morrison Home during the 4th quarter worth about $29,000. GAMMA Investing LLC raised its holdings in 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 purchasing an additional 444 shares during the last quarter. Quarry LP raised its holdings in Taylor Morrison Home by 202.1% during the 4th quarter. Quarry LP now owns 704 shares of the construction company's stock worth $43,000 after purchasing an additional 471 shares during the last quarter. Farther Finance Advisors LLC grew its position 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 buying an additional 262 shares during the period. Finally, Harbor Capital Advisors Inc. increased its stake in shares of Taylor Morrison Home by 50.2% in the 1st quarter. Harbor Capital Advisors Inc. now owns 844 shares of the construction company's stock valued at $51,000 after acquiring an additional 282 shares during the last quarter. 95.16% of the stock is owned by institutional investors.

Taylor Morrison Home Stock Up 4.2%

Shares of TMHC traded up $2.47 on Friday, hitting $61.75. The company's stock had a trading volume of 1,392,083 shares, compared to its average volume of 1,262,934. The company has a quick ratio of 0.74, a current ratio of 6.54 and a debt-to-equity ratio of 0.35. The firm's fifty day moving average price is $60.47 and its 200-day moving average price is $60.50. Taylor Morrison Home Corporation has a fifty-two week low of $51.90 and a fifty-two week high of $75.49. The firm has a market capitalization of $6.20 billion, a price-to-earnings ratio of 7.13 and a beta of 1.53.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The construction company reported $2.02 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $1.93 billion. During the same period in the previous year, the firm earned $1.86 EPS. Taylor Morrison Home's quarterly revenue was up 2.0% compared to the same quarter last year. On average, equities research analysts expect that Taylor Morrison Home Corporation will post 8.93 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.