Magnetar Financial LLC Increases Stock Position in Taylor Morrison Home Co. (NYSE:TMHC)

Magnetar Financial LLC lifted its holdings in Taylor Morrison Home Co. (NYSE:TMHC) by 58.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 8,883 shares of the construction company’s stock after purchasing an additional 3,286 shares during the period. Magnetar Financial LLC’s holdings in Taylor Morrison Home were worth $544,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of TMHC. V Square Quantitative Management LLC lifted its position in shares of Taylor Morrison Home by 68.1% in the 4th quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company’s stock worth $42,000 after purchasing an additional 277 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted 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. SRS Capital Advisors Inc. purchased a new stake in Taylor Morrison Home during the fourth quarter valued at approximately $51,000. Smartleaf Asset Management LLC lifted its position in Taylor Morrison Home by 41.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company’s stock valued at $51,000 after acquiring an additional 243 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in Taylor Morrison Home during the fourth quarter valued at approximately $61,000. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Stock Performance

Shares of NYSE TMHC opened at $59.41 on Friday. The company’s fifty day moving average price is $62.75 and its 200 day moving average price is $65.81. Taylor Morrison Home Co. has a 1 year low of $53.17 and a 1 year high of $75.49. The company has a market capitalization of $6.04 billion, a PE ratio of 7.18 and a beta of 2.06. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.94 and a current ratio of 6.39.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings results on Wednesday, February 12th. The construction company reported $2.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.40 by $0.24. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. On average, research analysts predict that Taylor Morrison Home Co. will post 8.93 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on TMHC shares. Barclays raised shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $75.00 to $90.00 in a research report on Wednesday, December 11th. Wolfe Research raised shares of Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 target price for the company in a research report on Wednesday, January 8th. 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. JPMorgan Chase & Co. cut their price target on shares of Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. Finally, StockNews.com lowered shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Taylor Morrison Home currently has an average rating of “Moderate Buy” and an average target price of $82.43.

Insider Buying and Selling at Taylor Morrison Home

In other Taylor Morrison Home news, Director David C. Merritt sold 2,402 shares of the 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 can be accessed through this hyperlink. Also, CAO Joseph Terracciano sold 1,537 shares of the 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 disclosure for this sale can be found here. Insiders own 3.50% of the company’s stock.

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.