Edgestream Partners L.P. Acquires New Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

Edgestream Partners L.P. acquired a new stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 26,830 shares of the construction company’s stock, valued at approximately $1,308,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TMHC. Acadian Asset Management LLC raised its position in Taylor Morrison Home by 1,182.0% during the second quarter. Acadian Asset Management LLC now owns 2,193,821 shares of the construction company’s stock valued at $106,972,000 after acquiring an additional 2,022,694 shares in the last quarter. Norges Bank bought a new position in shares of Taylor Morrison Home in the fourth quarter valued at approximately $32,973,000. Balyasny Asset Management L.P. bought a new position in shares of Taylor Morrison Home in the first quarter valued at approximately $34,770,000. Wedge Capital Management L L P NC raised its position in shares of Taylor Morrison Home by 11,327.4% in the second quarter. Wedge Capital Management L L P NC now owns 659,592 shares of the construction company’s stock valued at $32,168,000 after purchasing an additional 653,820 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in shares of Taylor Morrison Home by 946.5% in the first quarter. Envestnet Asset Management Inc. now owns 530,529 shares of the construction company’s stock valued at $1,218,000 after purchasing an additional 479,832 shares during the period. Institutional investors own 95.32% of the company’s stock.

Insider Activity

In other news, CEO Sheryl Palmer sold 112,500 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $46.01, for a total value of $5,176,125.00. Following the sale, the chief executive officer now owns 399,942 shares in the company, valued at approximately $18,401,331.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.50% of the stock is owned by corporate insiders.

Taylor Morrison Home Stock Up 0.1 %

TMHC opened at $45.31 on Tuesday. Taylor Morrison Home Co. has a fifty-two week low of $27.22 and a fifty-two week high of $52.09. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.78 and a quick ratio of 0.97. The firm’s fifty day moving average price is $42.20 and its two-hundred day moving average price is $45.11. The company has a market capitalization of $4.87 billion, a P/E ratio of 5.73 and a beta of 1.79.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings results on Wednesday, October 25th. The construction company reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.10. Taylor Morrison Home had a net margin of 11.05% and a return on equity of 18.75%. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.66 billion. On average, analysts anticipate that Taylor Morrison Home Co. will post 7.24 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Royal Bank of Canada dropped their price target on shares of Taylor Morrison Home from $49.00 to $43.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 26th. StockNews.com lowered shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Seaport Res Ptn raised shares of Taylor Morrison Home from a “neutral” rating to a “buy” rating in a research report on Friday, November 3rd. Credit Suisse Group boosted their target price on shares of Taylor Morrison Home from $47.00 to $56.00 in a research report on Thursday, July 27th. Finally, Barclays dropped their target price on shares of Taylor Morrison Home from $55.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 12th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Taylor Morrison Home currently has a consensus rating of “Hold” and a consensus target price of $49.42.

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 also develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name; and offers title insurance and closing settlement services, as well as financial services.