Teza Capital Management LLC Buys New Shares in Taylor Morrison Home Corporation $TMHC

Teza Capital Management LLC bought a new stake in Taylor Morrison Home Corporation (NYSE:TMHC) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,668 shares of the construction company’s stock, valued at approximately $220,000.

A number of other hedge funds have also made changes to their positions in TMHC. Morse Asset Management Inc acquired a new position in shares of Taylor Morrison Home during the 4th quarter valued at $29,000. GAMMA Investing LLC boosted its position in shares of Taylor Morrison Home by 193.0% in the first quarter. GAMMA Investing LLC now owns 674 shares of the construction company’s stock worth $40,000 after buying an additional 444 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Taylor Morrison Home by 49.5% in the first quarter. Farther Finance Advisors LLC now owns 791 shares of the construction company’s stock worth $48,000 after buying an additional 262 shares during the period. Harbor Capital Advisors Inc. grew its stake in shares of Taylor Morrison Home by 50.2% in the first quarter. Harbor Capital Advisors Inc. now owns 844 shares of the construction company’s stock valued at $51,000 after buying an additional 282 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of Taylor Morrison Home by 27.8% during the 1st quarter. Fifth Third Bancorp now owns 1,034 shares of the construction company’s stock valued at $62,000 after buying an additional 225 shares during the period. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TMHC. Seaport Res Ptn upgraded shares of Taylor Morrison Home from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 23rd. Wall Street Zen downgraded Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Sunday, June 1st. One research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $76.88.

Insider Buying and Selling at Taylor Morrison Home

In related news, CEO Sheryl Palmer sold 13,513 shares of the company’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $72.06, for a total value of $973,746.78. Following the sale, the chief executive officer directly owned 370,475 shares of the company’s stock, valued at $26,696,428.50. This represents a 3.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Curtis Vanhyfte sold 5,082 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $69.97, for a total transaction of $355,587.54. Following the sale, the chief financial officer directly owned 11,742 shares in the company, valued at $821,587.74. This trade represents a 30.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 53,349 shares of company stock worth $3,720,490 over the last ninety days. 1.40% of the stock is currently owned by corporate insiders.

Taylor Morrison Home Trading Down 2.6%

TMHC opened at $70.02 on Wednesday. The stock has a market capitalization of $7.03 billion, a PE ratio of 8.09 and a beta of 1.58. The firm’s fifty day moving average price is $65.29 and its 200 day moving average price is $61.03. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.54 and a quick ratio of 0.74. Taylor Morrison Home Corporation has a 12-month low of $51.90 and a 12-month high of $75.49.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings results on Wednesday, July 23rd. The construction company reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.08. The firm had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $1.93 billion. Taylor Morrison Home had a net margin of 10.72% and a return on equity of 16.22%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.86 earnings per share. As a group, research analysts expect that Taylor Morrison Home Corporation will post 8.93 EPS 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.