Taylor Morrison Home Co. (NYSE:TMHC – Free Report) saw a sharp increase in short interest in June. As of June 15, there were shorts totaling 2,680,000 shares, a 28.2% increase from the total holdings of 2,090,000 shares as of May 31. Approximately 2.6% of the company’s shares are shorted. Based on an average daily trading volume of 746,600 shares, the days-to-cover ratio is currently 3.6 days.
Taylor Morrison property trading up 0.4%
NYSE:TMHC opened at $55.44 on Friday. The company has a market cap of $5.86 billion, a P/E ratio of 7.93 and a beta of 1.93. The company has a current ratio of 6.16, a quick ratio of 0.91 and a debt-to-equity ratio of 0.39. The company has a 50-day moving average of $57.10 and a 200-day moving average of $55.82. Taylor Morrison Home has a 12-month low of $37.23 and a 12-month high of $62.64.
Taylor Morrison Home (NYSE:TMHC – Get Free Report) last released its quarterly earnings results on Tuesday, April 30. The home improvement company reported earnings per share of $1.75 for the quarter, beating analysts’ consensus estimates of $1.57 by $0.18. The company had revenue of $1.70 billion for the quarter, compared to analyst expectations of $1.66 billion. Taylor Morrison Home had a return on equity of 15.75% and a net margin of 10.30%. Taylor Morrison Home’s revenue for the quarter increased 2.3% compared to the year-ago quarter. In the year-ago quarter, the company generated earnings per share of $1.74. Research analysts forecast that Taylor Morrison Home will report earnings per share of $7.62 for the current year.
Changes in analyst ratings
Several equities analysts have recently issued reports on TMHC shares. Royal Bank of Canada raised their price target on shares of Taylor Morrison Home from $61.00 to $63.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. StockNews.com downgraded shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Thursday. Wedbush reiterated an “outperform” rating and set a $61.00 price target on shares of Taylor Morrison Home in a research report on Thursday, May 30th. Finally, Zelman & Associates upgraded Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a research note on Friday, April 12th. Four research analysts have rated the stock with a “hold” rating and three have given a “buy” rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $59.40.
Check out our latest analysis on Taylor Morrison Home
Insider transactions at Taylor Morrison Home
In other Taylor Morrison Home news, CEO Sheryl Palmer sold 100,000 shares of the company’s stock on Wednesday, May 15. The shares were sold at an average price of $61.70, for a total transaction of $6,170,000.00. Following the completion of the transaction, the CEO now owns 19,211 shares of the company’s stock, valued at $1,185,318.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC’s website. Insiders own 3.50% of the company’s stock.
Hedge funds comment on Taylor Morrison’s house
Several institutional investors have recently made changes to their positions in the company. SummerHaven Investment Management LLC increased its holdings in Taylor Morrison Home by 1.5% in the fourth quarter. SummerHaven Investment Management LLC now owns 14,383 shares of the construction company’s stock worth $767,000 after buying an additional 213 shares in the last quarter. Meritage Portfolio Management increased its holdings in Taylor Morrison Home by 2.1% in the fourth quarter. Meritage Portfolio Management now owns 10,885 shares of the construction company’s stock worth $581,000 after buying an additional 229 shares during the same period. CWM LLC increased its holdings in Taylor Morrison Home by 17.2% in the fourth quarter. CWM LLC now owns 1,804 shares of the construction company’s stock worth $96,000 after buying an additional 265 shares in the last quarter. Resonant Capital Advisors LLC increased its holdings in Taylor Morrison Home by 3.6% in the fourth quarter. Resonant Capital Advisors LLC now owns 8,135 shares of the construction company’s stock valued at $434,000 after purchasing an additional 285 shares during the same period. Finally, Tectonic Advisors LLC increased its holdings in Taylor Morrison Home by 1.1% in the fourth quarter. Tectonic Advisors LLC now owns 27,533 shares of the construction company’s stock valued at $1,469,000 after purchasing an additional 296 shares during the last quarter. Institutional investors own 95.16% of the company’s stock.
Taylor Morrison Home Company Profile
(Get free report)
Taylor Morrison Home Corporation, together with its subsidiaries, operates as a public housing developer in the United States. The company designs, builds and sells single-family, multi-family and townhomes and develops lifestyle and master-planned communities. It develops and builds multi-use properties consisting of commercial space, retail stores and multifamily housing under the Urban Form brand name.
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