Taylor Morrison Home Co. (NYSE:TMHC) Short Interest Update

Taylor Morrison Home Co. (NYSE:TMHC) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 2,680,000 shares, a growth of 28.2% from the May 31st total of 2,090,000 shares. Approximately 2.6% of the company’s stock are short sold. Based on an average daily trading volume, of 746,600 shares, the days-to-cover ratio is presently 3.6 days.

Taylor Morrison Home Trading Up 0.4 %

NYSE:TMHC opened at $55.44 on Friday. The company has a market cap of $5.86 billion, a PE ratio of 7.93 and a beta of 1.93. The company has a current ratio of 6.16, a quick ratio of 0.91 and a debt-to-equity ratio of 0.39. The company has a 50 day simple moving average of $57.10 and a two-hundred day simple moving average of $55.82. Taylor Morrison Home has a 12 month low of $37.23 and a 12 month high of $62.64.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings data on Tuesday, April 30th. The construction company reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.18. The company had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.66 billion. Taylor Morrison Home had a return on equity of 15.75% and a net margin of 10.30%. Taylor Morrison Home’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.74 earnings per share. Research analysts forecast that Taylor Morrison Home will post 7.62 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on TMHC shares. Royal Bank of Canada upped 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 note on Wednesday, May 1st. StockNews.com cut shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Thursday. Wedbush reissued an “outperform” rating and set a $61.00 price target on shares of Taylor Morrison Home in a research report on Thursday, May 30th. Finally, Zelman & Associates upgraded Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a research note on Friday, April 12th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $59.40.

Insider Transactions at Taylor Morrison Home

In other Taylor Morrison Home news, CEO Sheryl Palmer sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $61.70, for a total transaction of $6,170,000.00. Following the completion of the transaction, the chief executive officer now owns 19,211 shares of the company’s stock, valued at $1,185,318.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On Taylor Morrison Home

Several institutional investors have recently made changes to their positions in the business. SummerHaven Investment Management LLC increased its holdings in Taylor Morrison Home by 1.5% during the fourth quarter. SummerHaven Investment Management LLC now owns 14,383 shares of the construction company’s stock valued at $767,000 after buying an additional 213 shares during the last quarter. Meritage Portfolio Management raised its holdings in Taylor Morrison Home by 2.1% in the 4th quarter. Meritage Portfolio Management now owns 10,885 shares of the construction company’s stock worth $581,000 after purchasing an additional 229 shares during the period. CWM LLC lifted its position in Taylor Morrison Home by 17.2% during the fourth quarter. CWM LLC now owns 1,804 shares of the construction company’s stock valued at $96,000 after purchasing an additional 265 shares in the last quarter. Resonant Capital Advisors LLC grew its holdings in Taylor Morrison Home by 3.6% during the fourth quarter. Resonant Capital Advisors LLC now owns 8,135 shares of the construction company’s stock valued at $434,000 after purchasing an additional 285 shares during the period. Finally, Tectonic Advisors LLC increased its position in Taylor Morrison Home by 1.1% in the fourth quarter. Tectonic Advisors LLC now owns 27,533 shares of the construction company’s stock worth $1,469,000 after buying an additional 296 shares in the last quarter. Institutional investors own 95.16% 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.