6,892 Shares in Taylor Morrison Home Co. (NYSE:TMHC) Bought by Entropy Technologies LP

Entropy Technologies LP acquired a new stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 6,892 shares of the construction company’s stock, valued at approximately $422,000.

Several other large investors have also recently modified their holdings of the stock. MQS Management LLC purchased a new stake in shares of Taylor Morrison Home in the 3rd quarter worth about $768,000. Lord Abbett & CO. LLC grew its holdings in shares of Taylor Morrison Home by 2.5% during the 3rd quarter. Lord Abbett & CO. LLC now owns 463,287 shares of the construction company’s stock worth $32,550,000 after acquiring an additional 11,302 shares during the period. Principal Financial Group Inc. raised its position in shares of Taylor Morrison Home by 3.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company’s stock worth $144,144,000 after acquiring an additional 69,222 shares in the last quarter. Intech Investment Management LLC purchased a new position in shares of Taylor Morrison Home in the 3rd quarter valued at approximately $1,899,000. Finally, Sheets Smith Wealth Management bought a new stake in shares of Taylor Morrison Home during the fourth quarter valued at approximately $550,000. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Stock Up 3.5 %

Taylor Morrison Home stock opened at $64.59 on Thursday. Taylor Morrison Home Co. has a twelve month low of $52.72 and a twelve month high of $75.49. The business has a fifty day moving average of $63.74 and a two-hundred day moving average of $66.39. The firm has a market cap of $6.68 billion, a P/E ratio of 8.54 and a beta of 2.03. The company has a quick ratio of 0.69, a current ratio of 6.24 and a debt-to-equity ratio of 0.37.

Taylor Morrison Home (NYSE:TMHC) last announced its earnings results on Wednesday, February 12th. The construction company reported $2.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.24. Taylor Morrison Home had a return on equity of 15.91% and a net margin of 10.39%. On average, analysts forecast that Taylor Morrison Home Co. will post 8.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Taylor Morrison Home news, Director William H. Lyon sold 24,284 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $74.46, for a total value of $1,808,186.64. Following the completion of the sale, the director now directly owns 2,045,316 shares of the company’s stock, valued at $152,294,229.36. This trade represents a 1.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

TMHC has been the topic of a number of recent research reports. Wedbush upgraded shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $65.00 to $85.00 in a research note on Friday, October 25th. Raymond James reiterated an “outperform” rating and set a $84.00 target price (up from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th. Royal Bank of Canada upped their price target on Taylor Morrison Home from $74.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. StockNews.com cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. cut their target price on Taylor Morrison Home from $101.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, December 13th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Taylor Morrison Home presently has a consensus rating of “Moderate Buy” and an average price target of $84.00.

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.