AXQ Capital LP Boosts Position in Taylor Morrison Home Corporation $TMHC

AXQ Capital LP boosted its holdings in Taylor Morrison Home Corporation (NYSE:TMHC) by 274.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,824 shares of the construction company’s stock after purchasing an additional 12,332 shares during the quarter. AXQ Capital LP’s holdings in Taylor Morrison Home were worth $990,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TMHC. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Taylor Morrison Home by 5.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 299,888 shares of the construction company’s stock worth $18,005,000 after acquiring an additional 16,379 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Taylor Morrison Home by 30.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 899 shares of the construction company’s stock worth $55,000 after purchasing an additional 211 shares during the last quarter. M&T Bank Corp acquired a new stake in shares of Taylor Morrison Home during the second quarter worth about $262,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Taylor Morrison Home by 406.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 897 shares of the construction company’s stock valued at $55,000 after purchasing an additional 720 shares during the last quarter. Finally, Marshall Wace LLP boosted its position in shares of Taylor Morrison Home by 12.0% in the 2nd quarter. Marshall Wace LLP now owns 8,029 shares of the construction company’s stock valued at $493,000 after purchasing an additional 859 shares during the period. Institutional investors and hedge funds own 95.16% of the company’s stock.

Trending Headlines about Taylor Morrison Home

Here are the key news stories impacting Taylor Morrison Home this week:

• Positive Sentiment: Berkshire Hathaway agreed to acquire Taylor Morrison Home Corp. for $72.50 per share in cash, valuing the deal at about $6.8 billion to $8.5 billion and representing roughly a 24% premium, which is the main reason the stock jumped. Article Title
• Positive Sentiment: The deal effectively puts a floor under TMHC shares and turns the stock into a merger-arbitrage story, with investors focused on closing risk rather than homebuilding fundamentals. Article Title
• Neutral Sentiment: Several law firms, including KSF, Ademi LLP, and Halper Sadeh, have launched investigations into whether Taylor Morrison shareholders are receiving a fair price and whether the sale process was adequate, which could create some headlines but does not change the announced offer today. Article Title
• Neutral Sentiment: Some commentary suggests Berkshire’s purchase validates the broader U.S. housing market and could lift sentiment across homebuilders, but that is a second-order effect for TMHC now that a buyout is in place. Article Title
• Negative Sentiment: Citizens JMP downgraded Taylor Morrison to “hold,” which is a mild headwind, though it is overshadowed by the acquisition announcement. Article Title

Taylor Morrison Home Stock Performance

NYSE TMHC opened at $71.51 on Wednesday. The stock has a market capitalization of $6.68 billion, a price-to-earnings ratio of 10.67, a PEG ratio of 1.65 and a beta of 1.47. The business’s 50 day moving average is $59.37 and its two-hundred day moving average is $61.23. Taylor Morrison Home Corporation has a 12-month low of $54.15 and a 12-month high of $72.50. The company has a current ratio of 7.66, a quick ratio of 1.45 and a debt-to-equity ratio of 0.37.

Taylor Morrison Home (NYSE:TMHC) last issued its earnings results on Wednesday, April 22nd. The construction company reported $1.12 EPS for the quarter, topping the consensus estimate of $0.82 by $0.30. Taylor Morrison Home had a net margin of 8.77% and a return on equity of 11.48%. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period in the previous year, the firm earned $2.07 EPS. The business’s revenue was down 26.8% on a year-over-year basis. Research analysts expect that Taylor Morrison Home Corporation will post 5.36 EPS for the current year.

Analyst Ratings Changes

TMHC has been the subject of a number of research reports. Citigroup cut Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research note on Monday. Seaport Research Partners reaffirmed a “sell” rating and issued a $49.00 target price (down from $85.00) on shares of Taylor Morrison Home in a report on Tuesday, April 7th. Zacks Research upgraded shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 22nd. Barclays increased their price target on shares of Taylor Morrison Home from $68.00 to $69.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Finally, Weiss Ratings lowered shares of Taylor Morrison Home from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, April 24th. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $76.86.

About Taylor Morrison Home

Taylor Morrison Home Corporation (NYSE:TMHC) is a leading national homebuilder and developer specializing in the design, construction and sale of single-family detached and attached homes. The company’s portfolio spans entry-level, first-time, move-up and active-adult segments, offering buyers a diverse array of architectural styles, floor plans and personalized design options. Through its vertically integrated model, Taylor Morrison manages land acquisition, community development, construction and sales to deliver quality homes and customer-focused experiences across its markets.

The company’s heritage traces back to Morrison Homes, founded in 1977, and Taylor Woodrow, established in 1921 in the United Kingdom.