Wolverine Trading LLC Invests $298,000 in Taylor Morrison Home Co. (NYSE:TMHC)

Wolverine Trading LLC acquired a new stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) during the third quarter, according to its most recent disclosure with the SEC. The fund acquired 4,242 shares of the construction company’s stock, valued at approximately $298,000.

Other hedge funds also recently made changes to their positions in the company. State Street Corp lifted its holdings in Taylor Morrison Home by 2.8% during the third quarter. State Street Corp now owns 4,987,968 shares of the construction company’s stock valued at $350,455,000 after purchasing an additional 136,432 shares in the last quarter. Systematic Financial Management LP purchased a new position in shares of Taylor Morrison Home during the 3rd quarter valued at $1,112,000. Readystate Asset Management LP purchased a new position in shares of Taylor Morrison Home during the 3rd quarter valued at $610,000. Red Wave Investments LLC bought a new position in Taylor Morrison Home in the 3rd quarter worth $206,000. Finally, Petrus Trust Company LTA increased its stake in Taylor Morrison Home by 15.2% in the 3rd quarter. Petrus Trust Company LTA now owns 11,066 shares of the construction company’s stock worth $777,000 after buying an additional 1,457 shares in the last quarter. 95.16% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Darrell Sherman sold 26,757 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $70.00, for a total value of $1,872,990.00. Following the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William H. Lyon sold 9,075 shares of the business’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 transaction, the director now owns 2,136,241 shares of the company’s stock, valued at $153,980,251.28. This trade represents a 0.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 128,621 shares of company stock valued at $9,164,869 over the last ninety days. 3.50% of the stock is owned by insiders.

Taylor Morrison Home Trading Down 3.6 %

Shares of TMHC opened at $64.72 on Friday. The stock has a market capitalization of $6.70 billion, a PE ratio of 8.56 and a beta of 1.97. The company’s fifty day moving average is $69.82 and its 200 day moving average is $64.81. 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 Co. has a fifty-two week low of $49.98 and a fifty-two week high of $75.49.

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

Analyst Ratings Changes

Several brokerages have recently commented on TMHC. Royal Bank of Canada upped their price objective on Taylor Morrison Home from $74.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Barclays upgraded Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $75.00 to $90.00 in a research note on Wednesday. BTIG Research lifted their price objective 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. Wedbush upgraded shares of 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 research report on Friday, October 25th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Taylor Morrison Home from $101.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $85.33.

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.