Company shares are trading at $24.15 marginally over $22.18, the stock’s 50 day moving average and just above the 200 day moving average of $22.69. The 50 day moving average went up $1.97 or +8.89% whereas the 200 day moving average was up $1.46 or +6.44%. (NYSE:TMHC) shares saw heavy trading volume with 2,355K shares changing hands on Tuesday. Volume was up 158.69% over the stocks average daily volume.
Investors are more bullish on Taylor Morrison Home Corporatio of late if you take a look at the motion in short interest. The company realized a fall in short interest of -28.06% between September 29, 2017 and October 13, 2017. Short interest decreased 437,159 over that timeframe. With short interest at 1,120,685 and short average daily volume at 799,058, the short-interest ratio is 1.0 and the percentage of shorted shares is 0.02% as of October 13.
The following firms have recently changed their position in TMHC. Victory Capital Management Inc expanded its stake by buying 2,768 shares an increase of 37.3% from 06/30/2017 to 09/30/2017. Victory Capital Management Inc controls 10,197 shares with a value of $225,000. The value of the position overall is up by 26.4%. Nationwide Fund Advisors augmented its investment by buying 72,726 shares an increase of 48.8% in the quarter. Nationwide Fund Advisors claims 221,888 shares worth $4,893,000. The total value of its holdings increased 36.6%.
Peregrine Capital Management LLC added to its position by buying 7,476 shares an increase of 2.1%. Peregrine Capital Management LLC owns 367,287 shares valued at $8,099,000. The value of the position overall is down by 6.3%. Artemis Investment Management Llp bolstered its holdings by buying 5,000 shares an increase of 1.6% as of 09/30/2017. Artemis Investment Management Llp now controls 323,500 shares with a value of $7,138,000. The total value of its holdings decreased 6.7%.
On August 7 Deutsche Bank held the company rating at “Buy” but moved up the price target to $27.00 from $20.00.
The company currently has a P/E ratio of 14.54 and the market cap is 1.75B. As of the last earnings report the EPS was $1.66 and is expected to be $1.90 for the current year with 72,492,000 shares presently outstanding. Next quarter’s EPS is estimated at $0.71 and the next full year EPS is anticipated to be $2.23.
Taylor Morrison Home Corporation, launched on November 15, 2012, is a homebuilder, which designs, builds and sells single-family detached and attached homes. The Company is also a land developer, with a portfolio of lifestyle and master-planned communities. Its segments include East, which includes Atlanta, Charlotte, North Florida, Raleigh, Southwest Florida and Tampa; Central, which includes Austin, Dallas, and Houston (each of the Dallas and Houston markets include both a Taylor Morrison division and a Darling Homes division); West, which includes Bay Area, Chicago, Denver, Phoenix, Sacramento and Southern California, and Mortgage Operations, which includes Taylor Morrison Home Funding, LLC (TMHF) and Inspired Title Services, LLC (Inspired Title). It operates under the Taylor Morrison and Darling Homes brand names. The Company also provides financial services to customers through its mortgage subsidiary, TMHF, and title insurance and closing settlement services through its title company, Inspired Title. Its business is organized into multiple homebuilding operating divisions and a mortgage and title services division. The Company has operations in Arizona, California, Colorado, Florida, Georgia, Illinois, North Carolina and Texas..