Taylor Morrison Home Co. (NYSE:TMHC) Short Interest Down 20.8% in February

Taylor Morrison Home Co. (NYSE:TMHC) was the recipient of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 2,250,000 shares, a decline of 20.8% from the February 13th total of 2,840,000 shares. Currently, 2.3% of the company’s shares are sold short. Based on an average trading volume of 1,030,000 shares, the days-to-cover ratio is currently 2.2 days.

Analyst Ratings Changes

Several research analysts have commented on TMHC shares. StockNews.com lowered shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Barclays upgraded shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $75.00 to $90.00 in a research note on Wednesday, December 11th. Seaport Res Ptn raised shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 6th. Royal Bank of Canada increased their price objective on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. cut their price objective on shares of 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. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $82.43.

Insider Transactions at Taylor Morrison Home

In related news, CAO Joseph Terracciano sold 1,537 shares of Taylor Morrison Home stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total value of $93,372.75. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director David C. Merritt sold 2,402 shares of Taylor Morrison Home stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $63.98, for a total transaction of $153,679.96. The disclosure for this sale can be found here. Company insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On Taylor Morrison Home

A number of institutional investors and hedge funds have recently made changes to their positions in the business. 111 Capital purchased a new position in shares of Taylor Morrison Home in the fourth quarter worth approximately $809,000. GTS Securities LLC bought a new stake in Taylor Morrison Home during the 4th quarter worth approximately $277,000. Vise Technologies Inc. bought a new stake in Taylor Morrison Home during the 4th quarter worth approximately $310,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Taylor Morrison Home by 17.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 283,509 shares of the construction company’s stock worth $17,354,000 after acquiring an additional 42,984 shares during the period. Finally, Voloridge Investment Management LLC raised its stake in Taylor Morrison Home by 163.0% during the 4th quarter. Voloridge Investment Management LLC now owns 165,634 shares of the construction company’s stock worth $10,138,000 after acquiring an additional 102,653 shares during the period. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Stock Performance

Shares of TMHC traded up $1.59 on Wednesday, reaching $60.26. The company’s stock had a trading volume of 1,061,602 shares, compared to its average volume of 817,997. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.39 and a quick ratio of 0.94. The stock has a market capitalization of $6.13 billion, a P/E ratio of 7.28 and a beta of 2.06. The stock’s 50 day simple moving average is $62.76 and its two-hundred day simple moving average is $65.94. Taylor Morrison Home has a 12-month low of $53.17 and a 12-month high of $75.49.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings data on Wednesday, February 12th. The construction company reported $2.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.40 by $0.24. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. Research analysts forecast that Taylor Morrison Home will post 8.93 earnings per share for the current fiscal year.

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.