Interval Partners LP Decreases Position in Taylor Morrison Home Co. (NYSE:TMHC)

Interval Partners LP lessened its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 17.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 359,570 shares of the construction company's stock after selling 76,066 shares during the quarter. Interval Partners LP owned approximately 0.35% of Taylor Morrison Home worth $22,009,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. grew its stake in shares of Taylor Morrison Home by 3.5% in the third quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company's stock worth $144,144,000 after purchasing an additional 69,222 shares during the last quarter. Sheets Smith Wealth Management bought a new stake in Taylor Morrison Home during the fourth quarter valued at $550,000. JPMorgan Chase & Co. boosted its position in Taylor Morrison Home by 24.0% during the fourth quarter. JPMorgan Chase & Co. now owns 811,253 shares of the construction company's stock valued at $49,657,000 after acquiring an additional 156,793 shares during the last quarter. Financial Enhancement Group LLC bought a new stake in Taylor Morrison Home during the fourth quarter valued at $5,840,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in Taylor Morrison Home by 43.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company's stock valued at $49,000 after acquiring an additional 243 shares during the last quarter. Institutional investors own 95.16% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Barclays set a $69.00 price target on shares of Taylor Morrison Home and gave the company an "overweight" rating in a research report on Thursday, April 24th. Royal Bank of Canada increased their price objective on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Bank of America assumed coverage on shares of Taylor Morrison Home in a research report on Monday, May 5th. They set a "buy" rating and a $70.00 price objective on the stock. Seaport Res Ptn raised shares of Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research report on Thursday, March 6th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $76.88.

Insider Buying and Selling at Taylor Morrison Home

In other news, CAO Joseph Terracciano sold 1,537 shares of the firm's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total transaction of $93,372.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director David C. Merritt sold 2,402 shares of the firm's 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 disclosure for this sale can be found here. Insiders own 1.40% of the company's stock.

Taylor Morrison Home Stock Performance

Shares of TMHC stock traded down $1.00 during trading hours on Wednesday, hitting $60.23. 133,306 shares of the company were exchanged, compared to its average volume of 905,196. The firm has a fifty day simple moving average of $58.42 and a 200 day simple moving average of $63.12. The company has a current ratio of 6.39, a quick ratio of 0.94 and a debt-to-equity ratio of 0.36. Taylor Morrison Home Co. has a 52-week low of $51.90 and a 52-week high of $75.49. The stock has a market capitalization of $6.05 billion, a price-to-earnings ratio of 7.26 and a beta of 1.68.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The construction company reported $2.18 EPS for the quarter, topping the consensus estimate of $1.85 by $0.33. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period last year, the firm earned $1.75 EPS. Taylor Morrison Home's revenue for the quarter was up 11.5% on a year-over-year basis. Research analysts predict that Taylor Morrison Home Co. will post 8.93 earnings per share for the current fiscal year.

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.