Aristides Capital LLC Makes New Investment in Taylor Morrison Home Co. (NYSE:TMHC)

Aristides Capital LLC purchased a new position in Taylor Morrison Home Co. (NYSE:TMHC) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 4,409 shares of the construction company’s stock, valued at approximately $244,000.

Several other institutional investors have also added to or reduced their stakes in TMHC. Wedge Capital Management L L P NC raised its holdings in shares of Taylor Morrison Home by 1,910.4% in the second quarter. Wedge Capital Management L L P NC now owns 727,919 shares of the construction company’s stock valued at $40,356,000 after acquiring an additional 691,711 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Taylor Morrison Home by 4,586.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 663,385 shares of the construction company’s stock worth $41,243,000 after acquiring an additional 649,230 shares in the last quarter. Lord Abbett & CO. LLC boosted its holdings in Taylor Morrison Home by 203.0% in the 1st quarter. Lord Abbett & CO. LLC now owns 440,717 shares of the construction company’s stock worth $27,400,000 after buying an additional 295,256 shares during the last quarter. BNP Paribas Financial Markets raised its stake in Taylor Morrison Home by 127.6% in the 1st quarter. BNP Paribas Financial Markets now owns 203,435 shares of the construction company’s stock valued at $12,648,000 after purchasing an additional 114,034 shares during the last quarter. Finally, EMG Holdings L.P. purchased a new position in Taylor Morrison Home in the 2nd quarter valued at $6,098,000. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Stock Performance

NYSE TMHC opened at $70.23 on Tuesday. The business’s 50-day moving average price is $65.65 and its 200 day moving average price is $60.49. The company has a current ratio of 6.01, a quick ratio of 0.67 and a debt-to-equity ratio of 0.39. 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 $7.43 billion, a PE ratio of 10.05 and a beta of 1.96.

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on TMHC shares. Raymond James initiated coverage on shares of Taylor Morrison Home in a report on Wednesday, July 24th. They set an “outperform” rating and a $75.00 price target for the company. Barclays lifted their target price on Taylor Morrison Home from $62.00 to $72.00 and gave the company an “equal weight” rating in a report on Thursday, July 25th. Wedbush reaffirmed 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. StockNews.com downgraded shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Finally, Royal Bank of Canada raised 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 report on Thursday, July 25th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Taylor Morrison Home presently has an average rating of “Moderate Buy” and a consensus price target of $70.17.

Insider Buying and Selling at Taylor Morrison Home

In related news, Director William H. Lyon sold 30,000 shares of the stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $66.31, for a total value of $1,989,300.00. Following the completion of the transaction, the director now owns 2,225,316 shares of the company’s stock, valued at $147,560,703.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director William H. Lyon sold 30,000 shares of the firm’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $66.31, for a total value of $1,989,300.00. Following the transaction, the director now directly owns 2,225,316 shares in the company, valued at approximately $147,560,703.96. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director William H. Lyon sold 1,741 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $68.03, for a total transaction of $118,440.23. Following the sale, the director now directly owns 2,195,316 shares of the company’s stock, valued at approximately $149,347,347.48. The disclosure for this sale can be found here. Insiders have sold 90,072 shares of company stock valued at $5,971,357 over the last three months. 3.50% of the stock is owned by company insiders.

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.