Lisanti Capital Growth LLC Invests $3.79 Million in Taylor Morrison Home Co. (NYSE:TMHC)

Lisanti Capital Growth LLC acquired a new stake in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 71,060 shares of the construction company's stock, valued at approximately $3,791,000. Lisanti Capital Growth LLC owned about 0.07% of Taylor Morrison Home as of its most recent SEC filing.

A number of other large investors have also modified their holdings of TMHC. Natixis Advisors L.P. raised its holdings in Taylor Morrison Home by 8.2% in the 4th quarter. Natixis Advisors L.P. now owns 16,687 shares of the construction company's stock valued at $890,000 after acquiring an additional 1,268 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Taylor Morrison Home by 23.6% in the 4th quarter. Victory Capital Management Inc. now owns 265,546 shares of the construction company's stock valued at $14,167,000 after purchasing an additional 50,746 shares in the last quarter. SummerHaven Investment Management LLC increased its holdings in Taylor Morrison Home by 1.5% in the 4th quarter. SummerHaven Investment Management LLC now owns 14,383 shares of the construction company's stock valued at $767,000 after purchasing an additional 213 shares in the last quarter. Retirement Systems of Alabama increased its holdings in Taylor Morrison Home by 111.3% in the 4th quarter. Retirement Systems of Alabama now owns 288,775 shares of the construction company's stock valued at $15,406,000 after purchasing an additional 152,118 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new stake in Taylor Morrison Home in the 4th quarter valued at $81,000. 95.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. StockNews.com cut shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a research report on Thursday, March 21st. Wedbush reaffirmed a "neutral" rating and set a $55.00 price target on shares of Taylor Morrison Home in a research report on Tuesday, April 30th. Royal Bank of Canada increased their price target on shares of Taylor Morrison Home from $61.00 to $63.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 1st. Barclays increased their price target on shares of Taylor Morrison Home from $55.00 to $60.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 15th. Finally, Seaport Res Ptn cut shares of Taylor Morrison Home from a "buy" rating to a "neutral" rating in a research report on Monday, January 22nd. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $58.20.

Taylor Morrison Home Price Performance

NYSE:TMHC traded up $1.42 during trading hours on Monday, reaching $58.62. 699,471 shares of the company's stock were exchanged, compared to its average volume of 773,635. The company has a market capitalization of $6.24 billion, a P/E ratio of 8.39 and a beta of 1.88. Taylor Morrison Home Co. has a 12 month low of $37.23 and a 12 month high of $62.64. The company has a quick ratio of 0.91, a current ratio of 6.16 and a debt-to-equity ratio of 0.39. The business's 50-day simple moving average is $57.66 and its two-hundred day simple moving average is $52.13.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The construction company reported $1.75 EPS for the quarter, topping analysts' consensus estimates of $1.57 by $0.18. Taylor Morrison Home had a net margin of 10.30% and a return on equity of 15.75%. The firm had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same quarter last year, the business posted $1.74 EPS. The company's revenue was up 2.3% on a year-over-year basis. Sell-side analysts expect that Taylor Morrison Home Co. will post 7.56 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director William H. Lyon sold 20,896 shares of the firm's stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $56.01, for a total value of $1,170,384.96. Following the completion of the transaction, the director now owns 2,837,020 shares of the company's stock, valued at approximately $158,901,490.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Taylor Morrison Home news, Director William H. Lyon sold 20,896 shares of Taylor Morrison Home stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $56.01, for a total transaction of $1,170,384.96. Following the completion of the sale, the director now owns 2,837,020 shares of the company's stock, valued at approximately $158,901,490.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director William H. Lyon sold 153,000 shares of Taylor Morrison Home stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $62.32, for a total transaction of $9,534,960.00. Following the sale, the director now directly owns 40,570 shares of the company's stock, valued at approximately $2,528,322.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 613,537 shares of company stock valued at $36,409,767. Company insiders own 3.50% of the company's stock.

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.

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