Virtus Fund Advisers LLC Reduces Stake in Taylor Morrison Home Co. (NYSE:TMHC)

Virtus Fund Advisers LLC lowered its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 34.7% in the 4th quarter, HoldingsChannel reports. The firm owned 1,227 shares of the construction company’s stock after selling 652 shares during the quarter. Virtus Fund Advisers LLC’s holdings in Taylor Morrison Home were worth $75,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Squarepoint Ops LLC purchased a new stake in Taylor Morrison Home during the fourth quarter valued at about $2,942,000. Twinbeech Capital LP purchased a new stake in shares of Taylor Morrison Home during the 4th quarter valued at approximately $1,052,000. Two Sigma Advisers LP bought a new position in Taylor Morrison Home in the 4th quarter worth approximately $1,898,000. State of Wyoming bought a new position in Taylor Morrison Home in the 4th quarter worth approximately $167,000. Finally, Steamboat Capital Partners LLC grew its stake in Taylor Morrison Home by 11.0% in the 4th quarter. Steamboat Capital Partners LLC now owns 167,488 shares of the construction company’s stock valued at $10,252,000 after buying an additional 16,630 shares in the last quarter. Institutional investors own 95.16% of the company’s stock.

Insider Transactions at Taylor Morrison Home

In other Taylor Morrison Home news, Director David C. Merritt sold 2,402 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total value of $153,679.96. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Joseph Terracciano sold 1,537 shares of the company’s stock in a transaction dated 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. Company insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

TMHC has been the topic of several recent research reports. Barclays set a $69.00 target price on Taylor Morrison Home and gave the stock an “overweight” rating in a research report on Thursday, April 24th. JPMorgan Chase & Co. cut their target price on Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. Bank of America began coverage on Taylor Morrison Home in a report on Monday, May 5th. They set a “buy” rating and a $70.00 target price for the company. Seaport Res Ptn raised shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Thursday, March 6th. Finally, BTIG Research set a $75.00 price objective on shares of Taylor Morrison Home and gave the company a “buy” rating in a research report on Wednesday, April 16th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $76.88.

Taylor Morrison Home Price Performance

Shares of NYSE:TMHC opened at $59.92 on Monday. The company’s fifty day moving average price is $58.31 and its 200-day moving average price is $62.86. Taylor Morrison Home Co. has a one year low of $51.90 and a one year high of $75.49. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.39 and a quick ratio of 0.94. The firm has a market capitalization of $6.01 billion, a price-to-earnings ratio of 7.24 and a beta of 1.68.

Taylor Morrison Home (NYSE:TMHC) last released its earnings results on Wednesday, April 23rd. The construction company reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.33. The company had revenue of $1.90 billion during 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%. Taylor Morrison Home’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.75 EPS. On average, equities research analysts anticipate that Taylor Morrison Home Co. will post 8.93 earnings per share for the current fiscal 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.