Lisanti Capital Growth LLC Makes New $3.79 Million Investment in Taylor Morrison Home Co. (NYSE:TMHC)

Lisanti Capital Growth LLC purchased a new stake in Taylor Morrison Home Co. (NYSE:TMHC) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 71,060 shares of the construction company’s stock, valued at approximately $3,791,000.

Other hedge funds also recently made changes to their positions in the company. Daiwa Securities Group Inc. acquired a new stake in shares of Taylor Morrison Home in the 4th quarter valued at approximately $48,000. Headlands Technologies LLC acquired a new stake in Taylor Morrison Home during the 4th quarter worth approximately $81,000. CWM LLC boosted its position in Taylor Morrison Home by 17.2% during the 4th quarter. CWM LLC now owns 1,804 shares of the construction company’s stock worth $96,000 after buying an additional 265 shares during the period. Neo Ivy Capital Management acquired a new stake in Taylor Morrison Home during the 3rd quarter worth approximately $108,000. Finally, Blue Trust Inc. boosted its position in Taylor Morrison Home by 200.5% during the 4th quarter. Blue Trust Inc. now owns 3,254 shares of the construction company’s stock worth $174,000 after buying an additional 2,171 shares during the period. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Taylor Morrison Home Stock Up 2.5 %

NYSE:TMHC traded up $1.42 on Monday, hitting $58.62. The stock had a trading volume of 699,471 shares, compared to its average volume of 773,635. The company has a market cap of $6.24 billion, a PE ratio of 8.39 and a beta of 1.88. Taylor Morrison Home Co. has a 52 week low of $37.23 and a 52 week high of $62.64. The business’s fifty day moving average is $57.66 and its 200 day moving average is $52.13. The company has a quick ratio of 0.91, a current ratio of 6.16 and a debt-to-equity ratio of 0.39.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings data on Tuesday, April 30th. The construction company reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.18. Taylor Morrison Home had a net margin of 10.30% and a return on equity of 15.75%. The firm had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same period last year, the firm earned $1.74 earnings per share. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. On average, equities research analysts expect that Taylor Morrison Home Co. will post 7.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on TMHC shares. Barclays lifted their target price on shares of Taylor Morrison Home from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 15th. Seaport Res Ptn downgraded shares of Taylor Morrison Home from a “buy” rating to a “neutral” rating in a research note on Monday, January 22nd. StockNews.com cut shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st. Wedbush reissued a “neutral” rating and issued a $55.00 price objective on shares of Taylor Morrison Home in a research report on Tuesday, April 30th. Finally, Royal Bank of Canada raised their target price on Taylor Morrison Home from $61.00 to $63.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $58.20.

Insider Activity

In other Taylor Morrison Home news, Director William H. Lyon sold 153,000 shares of Taylor Morrison Home stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $62.32, for a total transaction of $9,534,960.00. Following the transaction, the director now directly owns 40,570 shares of the company’s stock, valued at approximately $2,528,322.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Taylor Morrison Home news, Director William H. Lyon sold 164,000 shares of Taylor Morrison Home stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $60.33, for a total transaction of $9,894,120.00. Following the transaction, the director now directly owns 43,570 shares of the company’s stock, valued at approximately $2,628,578.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William H. Lyon sold 153,000 shares of the business’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $62.32, for a total transaction of $9,534,960.00. Following the completion of the transaction, the director now directly owns 40,570 shares in the company, valued at $2,528,322.40. The disclosure for this sale can be found here. Insiders have sold 613,537 shares of company stock worth $36,409,767 over the last 90 days. 3.50% of the stock is currently owned by corporate 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.