Investors Purchase Large Volume of Taylor Morrison Home Call Options (NYSE:TMHC)

Taylor Morrison Home Corporation (NYSE:TMHC) was the target of unusually large options trading activity on Monday. Stock traders bought 3,489 call options on the company. This is an increase of approximately 741% compared to the typical volume of 415 call options.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Miller Capital Partners Inc. purchased a new stake in Taylor Morrison Home during the 4th quarter valued at about $27,000. Brown Brothers Harriman & Co. purchased a new position in Taylor Morrison Home in the 4th quarter worth approximately $33,000. Root Financial Partners LLC increased its stake in Taylor Morrison Home by 65.7% in the 1st quarter. Root Financial Partners LLC now owns 638 shares of the construction company’s stock worth $37,000 after purchasing an additional 253 shares during the period. V Square Quantitative Management LLC bought a new stake in Taylor Morrison Home in the fourth quarter valued at approximately $40,000. Finally, Los Angeles Capital Management LLC bought a new stake in Taylor Morrison Home in the fourth quarter valued at approximately $45,000. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Raymond James Financial cut shares of Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research report on Friday, June 26th. Citigroup lowered shares of Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research report on Monday, June 1st. Seaport Research Partners reissued a “sell” rating and issued a $49.00 target price (down from $85.00) on shares of Taylor Morrison Home in a research note on Tuesday, April 7th. Bank of America lowered their price target on Taylor Morrison Home from $72.00 to $68.00 and set a “neutral” rating on the stock in a research report on Monday, April 20th. Finally, Barclays reaffirmed an “equal weight” rating and set a $73.00 price target (up from $69.00) on shares of Taylor Morrison Home in a research note on Tuesday, July 14th. Two equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $77.43.

Taylor Morrison Home Price Performance

TMHC stock opened at $72.47 on Wednesday. The firm has a market cap of $6.77 billion, a P/E ratio of 10.82, a P/E/G ratio of 1.70 and a beta of 1.44. The firm’s fifty day moving average is $68.06 and its 200 day moving average is $64.02. Taylor Morrison Home has a 52 week low of $54.15 and a 52 week high of $72.50. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.45 and a current ratio of 7.66.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings results on Wednesday, April 22nd. The construction company reported $1.12 earnings per share 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 business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the previous year, the firm posted $2.07 earnings per share. The firm’s revenue for the quarter was down 26.8% on a year-over-year basis. Research analysts predict that Taylor Morrison Home will post 5.26 earnings per share for the current year.

Taylor Morrison Home Company Profile

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.