Taylor Morrison Home Co. (NYSE:TMHC) Short Interest Up 36.5% in February

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. Approximately 2.9% of the shares of the company are sold short. Based on an average daily trading volume, of 955,300 shares, the days-to-cover ratio is presently 3.0 days.

Taylor Morrison Home Price Performance

TMHC traded up $1.28 during midday trading on Wednesday, hitting $61.53. The company had a trading volume of 1,288,292 shares, compared to its average volume of 1,039,487. Taylor Morrison Home has a twelve month low of $53.17 and a twelve month high of $75.49. The company has a market capitalization of $6.26 billion, a PE ratio of 7.43 and a beta of 2.03. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.94 and a current ratio of 6.39. The firm’s 50-day simple moving average is $62.93 and its 200-day simple moving average is $66.36.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings results on Wednesday, February 12th. The construction company reported $2.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.24. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. Equities research analysts predict that Taylor Morrison Home will post 8.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TMHC has been the subject of several research reports. Barclays raised 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 report on Wednesday, December 11th. StockNews.com downgraded shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Seaport Res Ptn lowered shares of Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a report on Monday, January 27th. Royal Bank of Canada increased their target price on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Finally, Wolfe Research upgraded shares of Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price target on the stock in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $82.43.

Insider Transactions at Taylor Morrison Home

In other news, Director David C. Merritt sold 2,402 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total transaction of $153,679.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Taylor Morrison Home during the fourth quarter worth approximately $93,810,000. Vision Capital Corp bought a new stake in shares of Taylor Morrison Home during the 3rd quarter valued at $38,173,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Taylor Morrison Home by 26.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,362,020 shares of the construction company’s stock valued at $95,696,000 after purchasing an additional 282,227 shares during the period. Boston Partners boosted its position in shares of Taylor Morrison Home by 88.7% in the 4th quarter. Boston Partners now owns 594,347 shares of the construction company’s stock worth $36,794,000 after purchasing an additional 279,361 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Taylor Morrison Home during the fourth quarter worth $14,736,000. 95.16% of the stock is currently owned by institutional investors and hedge funds.

About Taylor Morrison Home

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.