GAMMA Investing LLC Boosts Stock Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

GAMMA Investing LLC boosted its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 17,494.3% during the first quarter, HoldingsChannel.com reports. The firm owned 40,467 shares of the construction company’s stock after acquiring an additional 40,237 shares during the period. GAMMA Investing LLC’s holdings in Taylor Morrison Home were worth $2,430,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of TMHC. Morse Asset Management Inc acquired a new stake in shares of Taylor Morrison Home in the fourth quarter worth $29,000. V Square Quantitative Management LLC increased its position in shares of Taylor Morrison Home by 68.1% in the fourth quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company’s stock worth $42,000 after acquiring an additional 277 shares in the last quarter. Quarry LP increased its position in shares of Taylor Morrison Home by 202.1% in the fourth quarter. Quarry LP now owns 704 shares of the construction company’s stock worth $43,000 after acquiring an additional 471 shares in the last quarter. SRS Capital Advisors Inc. acquired a new stake in shares of Taylor Morrison Home in the fourth quarter worth $51,000. Finally, Smartleaf Asset Management LLC increased its position in shares of Taylor Morrison Home by 41.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company’s stock worth $51,000 after acquiring an additional 243 shares in the last quarter. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TMHC. Barclays set a $69.00 price target on shares of Taylor Morrison Home and gave the company an “overweight” rating in a report on Thursday, April 24th. JPMorgan Chase & Co. lowered their price target on shares of Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. Wall Street Zen lowered shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Sunday, June 1st. Wedbush reaffirmed an “outperform” rating and set a $85.00 price target on shares of Taylor Morrison Home in a report on Wednesday, April 23rd. Finally, Royal Bank of Canada raised their price objective on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $76.88.

Taylor Morrison Home Trading Up 1.0%

Shares of NYSE:TMHC opened at $59.32 on Friday. The company has a market cap of $5.95 billion, a PE ratio of 7.16 and a beta of 1.57. The company’s 50-day moving average price is $57.50 and its 200 day moving average price is $61.24. Taylor Morrison Home Co. has a fifty-two week low of $51.90 and a fifty-two 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 issued its quarterly earnings data on Wednesday, April 23rd. The construction company reported $2.18 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.33. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.81 billion. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. Taylor Morrison Home’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period last year, the firm posted $1.75 EPS. Sell-side analysts anticipate that Taylor Morrison Home Co. will post 8.93 earnings per share for the current year.

Taylor Morrison Home 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.