Squarepoint Ops LLC Has $1.25 Million Stock Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

Squarepoint Ops LLC decreased its position in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 86.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,532 shares of the construction company’s stock after selling 138,617 shares during the period. Squarepoint Ops LLC’s holdings in Taylor Morrison Home were worth $1,249,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Rise Advisors LLC acquired a new position in shares of Taylor Morrison Home during the 1st quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Taylor Morrison Home during the second quarter valued at about $31,000. Fidelis Capital Partners LLC acquired a new stake in shares of Taylor Morrison Home in the first quarter worth about $82,000. Meeder Asset Management Inc. bought a new stake in shares of Taylor Morrison Home during the 1st quarter worth about $91,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Taylor Morrison Home during the 2nd quarter worth about $100,000. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Insider Buying and Selling at Taylor Morrison Home

In other news, Director William H. Lyon sold 30,000 shares of Taylor Morrison Home stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $66.31, for a total transaction of $1,989,300.00. Following the sale, the director now directly owns 2,225,316 shares in the company, valued at approximately $147,560,703.96. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director William H. Lyon sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $66.31, for a total transaction of $1,989,300.00. Following the completion of the transaction, the director now owns 2,225,316 shares in the company, valued at $147,560,703.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William H. Lyon sold 28,259 shares of the company’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $68.25, for a total value of $1,928,676.75. Following the completion of the sale, the director now owns 2,197,057 shares in the company, valued at $149,949,140.25. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 90,072 shares of company stock valued at $5,971,357 in the last 90 days. 3.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TMHC shares. StockNews.com cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Royal Bank of Canada boosted their price objective on shares of Taylor Morrison Home from $63.00 to $74.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. BTIG Research upgraded shares of Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $78.00 target price on the stock in a report on Monday, August 19th. Barclays boosted their target price on shares of Taylor Morrison Home from $62.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 25th. Finally, Wedbush restated a “neutral” rating and set a $65.00 price target (up from $61.00) on shares of Taylor Morrison Home in a report on Wednesday, July 24th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Taylor Morrison Home has a consensus rating of “Moderate Buy” and an average price target of $70.17.

Taylor Morrison Home Stock Down 1.9 %

NYSE TMHC opened at $67.76 on Friday. Taylor Morrison Home Co. has a twelve month low of $37.23 and a twelve month high of $71.95. The stock has a market cap of $7.17 billion, a PE ratio of 9.69 and a beta of 1.96. The firm has a 50-day simple moving average of $65.89 and a 200 day simple moving average of $60.81. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.67 and a current ratio of 6.01.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings data on Wednesday, July 24th. The construction company reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.06. The business had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Taylor Morrison Home had a return on equity of 14.99% and a net margin of 9.92%. On average, research analysts forecast that Taylor Morrison Home Co. will post 8.15 EPS for the current 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.