Aristides Capital LLC Makes New $244,000 Investment in Taylor Morrison Home Co. (NYSE:TMHC)

Aristides Capital LLC bought a new position in Taylor Morrison Home Co. (NYSE:TMHC) during the second quarter, Holdings Channel.com reports. The fund bought 4,409 shares of the construction company’s stock, valued at approximately $244,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TMHC. Rise Advisors LLC purchased a new stake in shares of Taylor Morrison Home during the first quarter valued at $26,000. ICA Group Wealth Management LLC acquired a new stake in shares of Taylor Morrison Home during the fourth quarter valued at approximately $27,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Taylor Morrison Home in the 2nd quarter valued at approximately $31,000. Fidelis Capital Partners LLC acquired a new position in Taylor Morrison Home in the 1st quarter worth approximately $82,000. Finally, Meeder Asset Management Inc. acquired a new stake in Taylor Morrison Home during the 1st quarter valued at $91,000. 95.16% of the stock is owned by institutional investors and hedge funds.

Taylor Morrison Home Stock Down 0.1 %

TMHC stock opened at $70.23 on Tuesday. The company has a current ratio of 6.01, a quick ratio of 0.67 and a debt-to-equity ratio of 0.39. The firm has a market cap of $7.43 billion, a PE ratio of 10.05 and a beta of 1.96. The company has a fifty day simple moving average of $65.65 and a 200 day simple moving average of $60.49. Taylor Morrison Home Co. has a 1 year low of $37.23 and a 1 year high of $71.95.

Taylor Morrison Home (NYSE:TMHC) last released its earnings results on Wednesday, July 24th. The construction company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.06. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.87 billion. Taylor Morrison Home had a net margin of 9.92% and a return on equity of 14.99%. Sell-side analysts anticipate that Taylor Morrison Home Co. will post 8.15 EPS for the current fiscal year.

Insider Activity at Taylor Morrison Home

In other Taylor Morrison Home news, Director William H. Lyon sold 1,741 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $68.03, for a total value of $118,440.23. Following the completion of the transaction, the director now owns 2,195,316 shares of the company’s stock, valued at approximately $149,347,347.48. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director William H. Lyon sold 1,741 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $68.03, for a total transaction of $118,440.23. Following the sale, the director now directly owns 2,195,316 shares in the company, valued at approximately $149,347,347.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director William H. Lyon sold 28,259 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $68.25, for a total transaction of $1,928,676.75. Following the completion of the sale, the director now directly owns 2,197,057 shares of the company’s stock, valued at approximately $149,949,140.25. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 90,072 shares of company stock worth $5,971,357. Company insiders own 3.50% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. BTIG Research raised Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $78.00 price target on the stock in a research report on Monday, August 19th. Barclays increased their price target on shares of Taylor Morrison Home from $62.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 25th. Zelman & Associates raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research report on Monday, August 12th. StockNews.com downgraded shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Finally, Raymond James began coverage on shares of Taylor Morrison Home in a research note on Wednesday, July 24th. They issued an “outperform” rating and a $75.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Taylor Morrison Home presently has an average rating of “Moderate Buy” and an average target price of $70.17.

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.