Alpha DNA Investment Management LLC Buys 797 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Alpha DNA Investment Management LLC increased its stake in Taylor Morrison Home Co. (NYSE:TMHC) by 13.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,831 shares of the construction company’s stock after acquiring an additional 797 shares during the period. Alpha DNA Investment Management LLC’s holdings in Taylor Morrison Home were worth $480,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of TMHC. Wedge Capital Management L L P NC raised its position in Taylor Morrison Home by 1,910.4% during the 2nd quarter. Wedge Capital Management L L P NC now owns 727,919 shares of the construction company’s stock valued at $40,356,000 after purchasing an additional 691,711 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Taylor Morrison Home by 271.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 896,032 shares of the construction company’s stock valued at $62,955,000 after purchasing an additional 654,541 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Taylor Morrison Home by 26.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,362,020 shares of the construction company’s stock valued at $95,696,000 after purchasing an additional 282,227 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Taylor Morrison Home by 18.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 786,249 shares of the construction company’s stock valued at $43,590,000 after purchasing an additional 122,864 shares during the last quarter. Finally, EMG Holdings L.P. bought a new position in Taylor Morrison Home during the 2nd quarter valued at approximately $6,098,000. Institutional investors own 95.16% of the company’s stock.

Wall Street Analysts Forecast Growth

TMHC has been the subject of a number of recent analyst reports. Raymond James reaffirmed an “outperform” rating and set a $84.00 price target (up previously from $81.00) on shares of Taylor Morrison Home in a research report on Tuesday, October 29th. StockNews.com upgraded Taylor Morrison Home from a “hold” rating to a “buy” rating in a report on Thursday, October 24th. Wedbush upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $65.00 to $85.00 in a report on Friday, October 25th. Zelman & Associates upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a report on Monday, August 12th. Finally, Barclays upped their target price on Taylor Morrison Home from $72.00 to $75.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Taylor Morrison Home has a consensus rating of “Moderate Buy” and an average price target of $77.33.

Taylor Morrison Home Stock Performance

Taylor Morrison Home stock opened at $71.08 on Monday. The company has a quick ratio of 0.69, a current ratio of 6.24 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $7.36 billion, a P/E ratio of 9.40 and a beta of 1.96. The stock’s 50 day moving average is $69.45 and its 200 day moving average is $63.66. Taylor Morrison Home Co. has a twelve month low of $44.32 and a twelve month high of $74.69.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.06 by $0.31. The company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $1.96 billion. Taylor Morrison Home had a return on equity of 15.91% and a net margin of 10.39%. The firm’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.62 EPS. On average, equities research analysts predict that Taylor Morrison Home Co. will post 8.44 earnings per share for the current fiscal year.

Insider Activity at Taylor Morrison Home

In related news, EVP Darrell Sherman sold 26,757 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $70.00, for a total value of $1,872,990.00. Following the transaction, the executive vice president now directly owns 109,217 shares of the company’s stock, valued at approximately $7,645,190. This represents a 19.68 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director William H. Lyon sold 9,075 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $72.08, for a total value of $654,126.00. Following the completion of the transaction, the director now directly owns 2,136,241 shares in the company, valued at $153,980,251.28. This trade represents a 0.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 104,337 shares of company stock valued at $7,356,683. 3.50% of the stock is owned by corporate insiders.

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.