Short Interest in Taylor Morrison Home Co. (NYSE:TMHC) Drops By 20.8%

Taylor Morrison Home Co. (NYSE:TMHC) was the recipient of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 2,250,000 shares, a decline of 20.8% from the February 13th total of 2,840,000 shares. Based on an average daily volume of 1,030,000 shares, the short-interest ratio is presently 2.2 days. Approximately 2.3% of the shares of the stock are short sold.

Taylor Morrison Home Stock Up 1.0 %

Shares of NYSE:TMHC opened at $58.64 on Monday. The business’s 50 day moving average is $62.82 and its 200 day moving average is $66.06. The stock has a market cap of $5.97 billion, a P/E ratio of 7.08 and a beta of 2.06. Taylor Morrison Home has a 52-week low of $53.17 and a 52-week high of $75.49. The company has a quick ratio of 0.94, a current ratio of 6.39 and a debt-to-equity ratio of 0.36.

Taylor Morrison Home (NYSE:TMHC) last released 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 return on equity of 16.50% and a net margin of 10.81%. Sell-side analysts predict that Taylor Morrison Home will post 8.93 EPS for the current year.

Insiders Place Their Bets

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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Joseph Terracciano sold 1,537 shares of the firm’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total value of $93,372.75. The disclosure for this sale can be found here. Corporate insiders own 3.50% of the company’s stock.

Institutional Trading of Taylor Morrison Home

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Morse Asset Management Inc purchased a new stake in Taylor Morrison Home during the 4th quarter worth approximately $29,000. V Square Quantitative Management LLC grew its holdings in shares of Taylor Morrison Home by 68.1% during the fourth quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company’s stock valued at $42,000 after buying an additional 277 shares during the last quarter. Quarry LP increased its position in shares of Taylor Morrison Home by 202.1% in the 4th quarter. Quarry LP now owns 704 shares of the construction company’s stock valued at $43,000 after acquiring an additional 471 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its stake in Taylor Morrison Home by 43.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company’s stock valued at $49,000 after purchasing an additional 243 shares during the last quarter. Finally, SRS Capital Advisors Inc. purchased a new stake in Taylor Morrison Home during the 4th quarter valued at about $51,000. Institutional investors own 95.16% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. StockNews.com lowered Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. JPMorgan Chase & Co. cut their target price on Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. Seaport Res Ptn upgraded Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 6th. Royal Bank of Canada boosted their price objective 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. Finally, Wolfe Research upgraded shares of Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 target price for the company in a report on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price 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.