Factorial Partners LLC Has $2.52 Million Stock Position in Taylor Morrison Home Co. (NYSE:TMHC)

Factorial Partners LLC reduced its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 8.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,100 shares of the construction company’s stock after selling 3,900 shares during the quarter. Taylor Morrison Home accounts for approximately 1.4% of Factorial Partners LLC’s holdings, making the stock its 29th biggest position. Factorial Partners LLC’s holdings in Taylor Morrison Home were worth $2,516,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Raymond James & Associates raised its position in shares of Taylor Morrison Home by 8.4% during the third quarter. Raymond James & Associates now owns 62,313 shares of the construction company’s stock valued at $4,378,000 after buying an additional 4,822 shares during the last quarter. International Assets Investment Management LLC raised its holdings in Taylor Morrison Home by 6,926.2% in the 3rd quarter. International Assets Investment Management LLC now owns 10,188 shares of the construction company’s stock valued at $716,000 after acquiring an additional 10,043 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of Taylor Morrison Home by 4.4% in the 3rd quarter. State of Alaska Department of Revenue now owns 12,108 shares of the construction company’s stock worth $850,000 after acquiring an additional 505 shares during the period. Harbor Capital Advisors Inc. bought a new stake in shares of Taylor Morrison Home in the 3rd quarter worth approximately $34,000. Finally, Asset Management One Co. Ltd. bought a new stake in shares of Taylor Morrison Home during the third quarter valued at approximately $947,000. 95.16% of the stock is owned by institutional investors.

Taylor Morrison Home Stock Up 0.7 %

Shares of TMHC opened at $61.59 on Friday. The business’s 50 day simple moving average is $62.95 and its 200-day simple moving average is $66.30. Taylor Morrison Home Co. has a one year low of $53.17 and a one year high of $75.49. The company has a market capitalization of $6.37 billion, a P/E ratio of 7.44 and a beta of 2.03. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.39 and a quick ratio of 0.94.

Taylor Morrison Home (NYSE:TMHC) last announced its earnings results on Wednesday, February 12th. The construction company reported $2.64 EPS for the quarter, topping the consensus estimate of $2.40 by $0.24. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. As a group, sell-side analysts predict that Taylor Morrison Home Co. will post 8.93 EPS for the current fiscal year.

Insider Buying and Selling at Taylor Morrison Home

In other Taylor Morrison Home news, Director David C. Merritt sold 2,402 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $63.98, for a total value of $153,679.96. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.50% of the company’s stock.

Wall Street Analysts Forecast Growth

TMHC has been the subject of several research reports. JPMorgan Chase & Co. reduced their target price on Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating for the company in a research report on Tuesday, February 18th. Royal Bank of Canada lifted their target price on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Wolfe Research raised shares of Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price target for the company in a research report on Wednesday, January 8th. StockNews.com cut shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Finally, Barclays upgraded Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $75.00 to $90.00 in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.