Sone Capital Management LLC Takes $5.38 Million Position in Taylor Morrison Home Co. (NYSE:TMHC)

Sone Capital Management LLC bought a new position in Taylor Morrison Home Co. (NYSE:TMHC) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 87,815 shares of the construction company’s stock, valued at approximately $5,375,000. Sone Capital Management LLC owned 0.08% of Taylor Morrison Home as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. CIBC Asset Management Inc boosted its position in Taylor Morrison Home by 5.5% in the 4th quarter. CIBC Asset Management Inc now owns 3,302 shares of the construction company’s stock valued at $202,000 after buying an additional 173 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of Taylor Morrison Home by 1.2% in the fourth quarter. Pacer Advisors Inc. now owns 15,428 shares of the construction company’s stock worth $944,000 after purchasing an additional 180 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Taylor Morrison Home by 43.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company’s stock worth $49,000 after purchasing an additional 243 shares in the last quarter. Smartleaf Asset Management LLC raised its position in 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. Finally, Savant Capital LLC lifted its position in shares of Taylor Morrison Home by 5.3% during the 4th quarter. Savant Capital LLC now owns 5,012 shares of the construction company’s stock valued at $307,000 after acquiring an additional 251 shares during the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

Wall Street Analysts Forecast Growth

TMHC has been the subject of a number of research reports. Seaport Res Ptn raised shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 6th. Wedbush reaffirmed an “outperform” rating and set a $85.00 price objective on shares of Taylor Morrison Home in a report on Wednesday, April 23rd. 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 note on Thursday, February 13th. JPMorgan Chase & Co. decreased their price objective 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. Finally, BTIG Research set a $75.00 target price on Taylor Morrison Home and gave the stock a “buy” rating in a report on Wednesday, April 16th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Taylor Morrison Home currently has an average rating of “Moderate Buy” and an average target price of $76.88.

Taylor Morrison Home Price Performance

Shares of NYSE TMHC opened at $59.92 on Monday. The company has a market capitalization of $6.01 billion, a PE ratio of 7.24 and a beta of 1.68. The firm has a fifty day simple moving average of $58.31 and a 200 day simple moving average of $62.86. 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 Co. has a twelve month low of $51.90 and a twelve month high of $75.49.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings data on Wednesday, April 23rd. The construction company reported $2.18 earnings per share for the quarter, topping 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%. The business’s revenue was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.75 earnings per share. On average, sell-side analysts forecast that Taylor Morrison Home Co. will post 8.93 EPS for the current year.

Insider Activity

In related news, CAO Joseph Terracciano sold 1,537 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total transaction of $93,372.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director David C. Merritt sold 2,402 shares of Taylor Morrison Home stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $63.98, for a total value of $153,679.96. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

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.