Seven Eight Capital LP Invests $734,000 in Taylor Morrison Home Co. (NYSE:TMHC)

Seven Eight Capital LP purchased a new stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 13,238 shares of the construction company’s stock, valued at approximately $734,000.

Several other hedge funds and other institutional investors also recently modified their holdings of TMHC. Rise Advisors LLC bought a new stake in Taylor Morrison Home during the 1st quarter valued at approximately $26,000. ICA Group Wealth Management LLC purchased a new position in shares of Taylor Morrison Home in the 4th quarter valued at approximately $27,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Taylor Morrison Home during the second quarter valued at approximately $31,000. Fidelis Capital Partners LLC bought a new stake in shares of Taylor Morrison Home during the first quarter valued at approximately $82,000. Finally, Meeder Asset Management Inc. purchased a new stake in Taylor Morrison Home in the first quarter worth $91,000. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Analysts Set New Price Targets

TMHC has been the topic of a number of research reports. Barclays boosted their target price on shares of Taylor Morrison Home from $62.00 to $72.00 and gave the company an “equal weight” rating in a report on Thursday, July 25th. Zelman & Associates raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research note on Monday, August 12th. StockNews.com downgraded shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Royal Bank of Canada boosted their price target on Taylor Morrison Home from $63.00 to $74.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Finally, Raymond James assumed coverage on Taylor Morrison Home in a research note on Wednesday, July 24th. They issued an “outperform” rating and a $75.00 price target on the stock. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.17.

Taylor Morrison Home Price Performance

Shares of TMHC opened at $69.87 on Friday. Taylor Morrison Home Co. has a twelve month low of $37.23 and a twelve month high of $71.95. The company has a market capitalization of $7.39 billion, a P/E ratio of 10.00 and a beta of 1.96. The firm has a 50 day moving average of $65.02 and a 200 day moving average of $59.99. The company has a quick ratio of 0.67, a current ratio of 6.01 and a debt-to-equity ratio of 0.39.

Taylor Morrison Home (NYSE:TMHC) last posted its earnings results on Wednesday, July 24th. The construction company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.06. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.87 billion. Taylor Morrison Home had a return on equity of 14.99% and a net margin of 9.92%. As a group, equities research analysts anticipate that Taylor Morrison Home Co. will post 8.15 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director William H. Lyon sold 30,000 shares of Taylor Morrison Home stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $64.33, for a total value of $1,929,900.00. Following the completion of the sale, the director now directly owns 2,255,316 shares in the company, valued at $145,084,478.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director William H. Lyon sold 1,741 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $68.03, for a total transaction of $118,440.23. Following the transaction, the director now directly owns 2,195,316 shares of the company’s stock, valued at approximately $149,347,347.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director William H. Lyon sold 30,000 shares of the firm’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $64.33, for a total value of $1,929,900.00. Following the completion of the transaction, the director now owns 2,255,316 shares in the company, valued at $145,084,478.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 90,072 shares of company stock valued at $5,971,357. 3.50% of the stock is owned by insiders.

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.