Taylor Morrison Home Target of Unusually Large Options Trading (NYSE:TMHC)

Taylor Morrison Home Corporation (NYSE:TMHC) was the target of unusually large options trading on Monday. Traders acquired 3,489 call options on the company. This is an increase of 741% compared to the average volume of 415 call options.

Institutional Trading of Taylor Morrison Home

Institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC lifted its holdings in shares of Taylor Morrison Home by 521.5% in the fourth quarter. SG Americas Securities LLC now owns 21,590 shares of the construction company’s stock worth $1,271,000 after acquiring an additional 18,116 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of Taylor Morrison Home by 2.7% during the fourth quarter. Assetmark Inc. now owns 797,997 shares of the construction company’s stock worth $46,978,000 after purchasing an additional 21,150 shares during the period. Vaughan Nelson Investment Management L.P. lifted its holdings in Taylor Morrison Home by 12.2% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 649,140 shares of the construction company’s stock worth $38,215,000 after buying an additional 70,600 shares during the period. M&T Bank Corp lifted its stake in shares of Taylor Morrison Home by 28,246.3% in the fourth quarter. M&T Bank Corp now owns 1,058,169 shares of the construction company’s stock worth $62,294,000 after acquiring an additional 1,054,436 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in shares of Taylor Morrison Home by 96.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,302,940 shares of the construction company’s stock worth $76,704,000 after purchasing an additional 638,321 shares during the period. 95.16% of the stock is currently owned by institutional investors.

Taylor Morrison Home Stock Performance

Taylor Morrison Home stock traded up $0.33 during midday trading on Monday, hitting $72.45. The company’s stock had a trading volume of 1,354,935 shares, compared to its average volume of 1,995,518. The company has a debt-to-equity ratio of 0.37, a current ratio of 7.66 and a quick ratio of 1.45. The company has a market cap of $6.77 billion, a price-to-earnings ratio of 10.81, a PEG ratio of 1.69 and a beta of 1.44. The company has a 50-day moving average price of $67.51 and a two-hundred day moving average price of $63.83. Taylor Morrison Home has a 1-year low of $54.15 and a 1-year high of $72.50.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings results on Wednesday, April 22nd. The construction company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.30. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.33 billion. Taylor Morrison Home had a return on equity of 11.48% and a net margin of 8.77%.The firm’s quarterly revenue was down 26.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.07 earnings per share. As a group, sell-side analysts predict that Taylor Morrison Home will post 5.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Seaport Research Partners reaffirmed a “sell” rating and set a $49.00 price target (down from $85.00) on shares of Taylor Morrison Home in a report on Tuesday, April 7th. Bank of America decreased their price objective on shares of Taylor Morrison Home from $72.00 to $68.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. Barclays reissued an “equal weight” rating and issued a $73.00 price objective (up from $69.00) on shares of Taylor Morrison Home in a research report on Tuesday, July 14th. Royal Bank Of Canada cut shares of Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and raised their target price for the stock from $69.00 to $72.50 in a research note on Tuesday, June 2nd. Finally, Citizens Jmp downgraded shares of Taylor Morrison Home from a “market outperform” rating to a “hold” rating in a report on Monday, June 1st. Two investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $77.43.

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.