Graham Capital Management L.P. Purchases Shares of 40,213 Taylor Morrison Home Co. (NYSE:TMHC)

Graham Capital Management L.P. purchased a new stake in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 40,213 shares of the construction company's stock, valued at approximately $2,461,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. V Square Quantitative Management LLC raised its position in Taylor Morrison Home by 68.1% during the fourth quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company's stock valued at $42,000 after purchasing an additional 277 shares in the last quarter. Quarry LP boosted its stake in shares of Taylor Morrison Home by 202.1% during the 4th quarter. Quarry LP now owns 704 shares of the construction company's stock valued at $43,000 after purchasing an additional 471 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Taylor Morrison Home by 43.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company's stock valued at $49,000 after purchasing an additional 243 shares during the period. SRS Capital Advisors Inc. bought a new position in shares of Taylor Morrison Home in the 4th quarter worth about $51,000. Finally, Smartleaf Asset Management LLC grew its stake in shares of Taylor Morrison Home by 41.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company's stock worth $51,000 after buying an additional 243 shares during the last quarter. 95.16% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TMHC. BTIG Research set a $75.00 price target on shares of Taylor Morrison Home and gave the stock a "buy" rating in a research note on Wednesday, April 16th. Royal Bank of Canada increased their price target on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Wedbush restated an "outperform" rating and issued a $85.00 price objective on shares of Taylor Morrison Home in a report on Wednesday, April 23rd. JPMorgan Chase & Co. reduced their target price on Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating for the company in a report on Tuesday, February 18th. Finally, Seaport Res Ptn upgraded shares of Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 6th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $76.88.

Insider Activity

In related news, Director David C. Merritt sold 2,402 shares of Taylor Morrison Home stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total transaction of $153,679.96. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Joseph Terracciano sold 1,537 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total value of $93,372.75. The disclosure for this sale can be found here. Company insiders own 1.40% of the company's stock.

Taylor Morrison Home Stock Up 1.7%

TMHC traded up $1.02 during trading on Friday, hitting $59.96. The stock had a trading volume of 284,420 shares, compared to its average volume of 906,909. The company has a market capitalization of $6.02 billion, a PE ratio of 7.24 and a beta of 1.68. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.94 and a current ratio of 6.39. The stock has a 50 day simple moving average of $58.33 and a two-hundred day simple moving average of $63.02. Taylor Morrison Home Co. has a twelve month low of $51.90 and a twelve month high of $75.49.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The construction company reported $2.18 EPS for the quarter, beating analysts' consensus estimates of $1.85 by $0.33. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.81 billion. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. The company's revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.75 earnings per share. On average, research analysts predict that Taylor Morrison Home Co. will post 8.93 earnings per share 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.