Taylor Morrison Home Co. (NYSE:TMHC) Short Interest Update

Taylor Morrison Home Co. (NYSE:TMHC) was the target of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 2,690,000 shares, an increase of 24.0% from the October 31st total of 2,170,000 shares. Approximately 2.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 828,400 shares, the days-to-cover ratio is currently 3.2 days.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Wedbush raised Taylor Morrison Home from a “neutral” rating to an “outperform” rating and upped their price target for the company from $65.00 to $85.00 in a research report on Friday, October 25th. Barclays lifted their price target on Taylor Morrison Home from $72.00 to $75.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. Zelman & Associates upgraded shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research report on Monday, August 12th. BTIG Research lifted their target price on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Raymond James reissued an “outperform” rating and issued a $84.00 price target (up previously from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Taylor Morrison Home currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.33.

Taylor Morrison Home Trading Down 0.9 %

NYSE:TMHC traded down $0.63 during midday trading on Monday, reaching $73.24. 604,977 shares of the stock traded hands, compared to its average volume of 795,243. The stock has a market capitalization of $7.58 billion, a P/E ratio of 9.69 and a beta of 1.96. The company has a fifty day moving average of $69.92 and a 200 day moving average of $64.25. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.69 and a current ratio of 6.24. Taylor Morrison Home has a 12 month low of $45.81 and a 12 month high of $75.49.

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

Insider Buying and Selling

In other 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 transaction 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 $7,645,190. This represents a 19.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director William H. Lyon sold 9,075 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $72.08, for a total value of $654,126.00. Following the sale, the director now directly owns 2,136,241 shares of the company’s stock, valued at $153,980,251.28. This represents a 0.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 128,621 shares of company stock worth $9,164,869 in the last ninety days. 3.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TMHC. V Square Quantitative Management LLC bought a new stake in shares of Taylor Morrison Home during the third quarter valued at approximately $29,000. Harbor Capital Advisors Inc. purchased a new stake in Taylor Morrison Home in the 3rd quarter worth $34,000. UMB Bank n.a. lifted its holdings in Taylor Morrison Home by 263.9% in the 3rd quarter. UMB Bank n.a. now owns 535 shares of the construction company’s stock worth $38,000 after purchasing an additional 388 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Taylor Morrison Home during the second quarter worth $31,000. Finally, Peterson Financial Group Inc. bought a new position in shares of Taylor Morrison Home during the 3rd quarter valued at about $62,000. 95.16% of the stock is currently owned by institutional investors.

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.