Taylor Morrison Home Co. (NYSE:TMHC) Sees Large Growth in Short Interest

Taylor Morrison Home Co. (NYSE:TMHC) saw a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 2,840,000 shares, an increase of 36.5% from the January 31st total of 2,080,000 shares. Based on an average trading volume of 955,300 shares, the days-to-cover ratio is presently 3.0 days. Approximately 2.9% of the shares of the company are sold short.

Taylor Morrison Home Stock Down 2.1 %

NYSE TMHC opened at $60.37 on Tuesday. Taylor Morrison Home has a 12 month low of $53.17 and a 12 month high of $75.49. The company has a current ratio of 6.39, a quick ratio of 0.94 and a debt-to-equity ratio of 0.36. The stock has a market cap of $6.14 billion, a PE ratio of 7.29 and a beta of 2.03. The stock’s 50 day moving average is $62.94 and its 200 day moving average is $66.37.

Taylor Morrison Home (NYSE:TMHC) last released its earnings results on Wednesday, February 12th. The construction company reported $2.64 EPS for the quarter, topping the consensus estimate 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 predict that Taylor Morrison Home will post 8.93 EPS for the current fiscal year.

Insider Activity at Taylor Morrison Home

In related news, Director David C. Merritt sold 2,402 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total value of $153,679.96. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 3.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Morse Asset Management Inc bought a new position in shares of Taylor Morrison Home during the 4th quarter valued at approximately $29,000. Harbor Capital Advisors Inc. purchased a new stake in Taylor Morrison Home during the third quarter valued at $34,000. V Square Quantitative Management LLC lifted its position in Taylor Morrison Home by 68.1% during the fourth quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company’s stock valued at $42,000 after purchasing an additional 277 shares during the last quarter. Quarry LP grew its stake in shares of Taylor Morrison Home by 202.1% in the 4th quarter. Quarry LP now owns 704 shares of the construction company’s stock worth $43,000 after buying an additional 471 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Taylor Morrison Home by 43.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company’s stock worth $49,000 after buying an additional 243 shares during the last quarter. Institutional investors own 95.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Wolfe Research raised shares of Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price objective for the company in a research report on Wednesday, January 8th. Royal Bank of Canada boosted their price target on Taylor Morrison Home from $72.00 to $74.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. decreased their price objective on Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. StockNews.com downgraded Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Finally, Barclays upgraded shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $75.00 to $90.00 in a research note on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Taylor Morrison Home has an average rating of “Moderate Buy” and an average target price of $82.43.

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.