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

Taylor Morrison Home Co. (NYSE:TMHC) was the recipient of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 2,840,000 shares, an increase of 36.5% from the January 31st total of 2,080,000 shares. Approximately 2.9% of the shares of the company are short sold. Based on an average daily volume of 955,300 shares, the short-interest ratio is currently 3.0 days.

Insider Buying and Selling at Taylor Morrison Home

In other 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 value of $153,679.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.50% of the company’s stock.

Institutional Investors Weigh In On Taylor Morrison Home

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MQS Management LLC acquired a new stake in Taylor Morrison Home in the 3rd quarter valued at about $768,000. Lord Abbett & CO. LLC increased its position in Taylor Morrison Home by 2.5% in the 3rd quarter. Lord Abbett & CO. LLC now owns 463,287 shares of the construction company’s stock valued at $32,550,000 after acquiring an additional 11,302 shares in the last quarter. Principal Financial Group Inc. increased its position in Taylor Morrison Home by 3.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company’s stock valued at $144,144,000 after acquiring an additional 69,222 shares in the last quarter. Intech Investment Management LLC bought a new position in shares of Taylor Morrison Home in the 3rd quarter valued at about $1,899,000. Finally, Sheets Smith Wealth Management bought a new position in shares of Taylor Morrison Home in the 4th quarter valued at about $550,000. Institutional investors and hedge funds own 95.16% of the company’s stock.

Taylor Morrison Home Trading Up 2.1 %

Shares of Taylor Morrison Home stock opened at $61.53 on Thursday. The stock has a market capitalization of $6.26 billion, a P/E ratio of 7.43 and a beta of 2.03. The company has a quick ratio of 0.94, a current ratio of 6.39 and a debt-to-equity ratio of 0.36. The company has a 50-day simple moving average of $62.93 and a 200 day simple moving average of $66.33. Taylor Morrison Home has a 12-month low of $53.17 and a 12-month high of $75.49.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings data on Wednesday, February 12th. The construction company reported $2.64 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.24. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. Research analysts expect that Taylor Morrison Home will post 8.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on TMHC shares. StockNews.com cut shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Barclays upgraded shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $75.00 to $90.00 in a research note on Wednesday, December 11th. JPMorgan Chase & Co. dropped their price objective on shares of 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. Seaport Res Ptn cut shares of Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a research note on Monday, January 27th. Finally, Wolfe Research upgraded shares of Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price objective for the company in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $82.43.

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.