Manchester Capital Management LLC Raises Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

Manchester Capital Management LLC lifted its holdings in Taylor Morrison Home Co. (NYSE:TMHC) by 1,382.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,025 shares of the construction company’s stock after purchasing an additional 2,821 shares during the quarter. Manchester Capital Management LLC’s holdings in Taylor Morrison Home were worth $188,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rise Advisors LLC purchased a new stake in Taylor Morrison Home during the 1st quarter valued at $26,000. ICA Group Wealth Management LLC purchased a new stake in shares of Taylor Morrison Home during the 4th quarter valued at about $27,000. Private Wealth Management Group LLC bought a new position in shares of Taylor Morrison Home in the 4th quarter worth approximately $39,000. Daiwa Securities Group Inc. purchased a new position in shares of Taylor Morrison Home in the fourth quarter worth approximately $48,000. Finally, Headlands Technologies LLC bought a new stake in Taylor Morrison Home during the fourth quarter valued at approximately $81,000. 95.16% of the stock is owned by institutional investors.

Taylor Morrison Home Price Performance

Shares of Taylor Morrison Home stock traded up $1.61 during trading hours on Friday, reaching $60.97. The company’s stock had a trading volume of 161,666 shares, compared to its average volume of 767,631. The firm has a 50 day moving average price of $56.77 and a 200-day moving average price of $55.95. Taylor Morrison Home Co. has a one year low of $37.23 and a one year high of $62.64. The company has a debt-to-equity ratio of 0.39, a current ratio of 6.16 and a quick ratio of 0.91. The stock has a market cap of $6.45 billion, a P/E ratio of 8.50 and a beta of 1.95.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings results on Tuesday, April 30th. The construction company reported $1.75 EPS for the quarter, beating the consensus estimate of $1.57 by $0.18. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.66 billion. Taylor Morrison Home had a net margin of 10.30% and a return on equity of 15.75%. The firm’s revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.74 EPS. On average, analysts predict that Taylor Morrison Home Co. will post 7.62 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TMHC. StockNews.com upgraded Taylor Morrison Home from a “hold” rating to a “buy” rating in a research report on Thursday. Zelman & Associates upgraded shares of Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a research report on Friday, April 12th. Wedbush restated an “outperform” rating and set a $61.00 price objective on shares of Taylor Morrison Home in a research report on Thursday, May 30th. Finally, Royal Bank of Canada boosted their price target on Taylor Morrison Home from $61.00 to $63.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $59.40.

Insider Buying and Selling at Taylor Morrison Home

In other Taylor Morrison Home news, CEO Sheryl Palmer sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $61.70, for a total transaction of $6,170,000.00. Following the transaction, the chief executive officer now owns 19,211 shares of the company’s stock, valued at approximately $1,185,318.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.50% of the stock is owned by corporate insiders.

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.