Taylor Morrison Home Corp (NASDAQ:TMHC) was the recipient of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 1,583,870 shares, an increase of 41.3% from the October 13th total of 1,120,685 shares. Approximately 2.2% of the company’s shares are sold short. Based on an average daily volume of 962,993 shares, the days-to-cover ratio is presently 1.6 days.

Several brokerages have recently commented on TMHC. Zacks Investment Research downgraded shares of Taylor Morrison Home Corp from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. BidaskClub raised shares of Taylor Morrison Home Corp from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. B. Riley reaffirmed a “neutral” rating on shares of Taylor Morrison Home Corp in a research report on Thursday, November 2nd. Deutsche Bank AG raised their price objective on shares of Taylor Morrison Home Corp from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Monday, August 7th. Finally, ValuEngine downgraded shares of Taylor Morrison Home Corp from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 2nd. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $24.00.

Shares of Taylor Morrison Home Corp (NASDAQ:TMHC) opened at $22.96 on Tuesday. Taylor Morrison Home Corp has a 52-week low of $18.26 and a 52-week high of $24.79.

Taylor Morrison Home Corp (NASDAQ:TMHC) last posted its quarterly earnings results on Wednesday, November 1st. The construction company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.04. Taylor Morrison Home Corp had a net margin of 6.16% and a return on equity of 9.57%. The business had revenue of $908.00 million during the quarter, compared to the consensus estimate of $914.19 million. During the same quarter last year, the firm posted $0.49 EPS. Taylor Morrison Home Corp’s revenue was up 6.4% compared to the same quarter last year.

Taylor Morrison Home Corp announced that its board has initiated a stock repurchase plan on Monday, September 18th that allows the company to repurchase $43.60 million in shares. This repurchase authorization allows the construction company to reacquire up to 2.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is undervalued.

In other Taylor Morrison Home Corp news, insider C. David Cone sold 35,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $23.79, for a total transaction of $832,650.00. Following the completion of the transaction, the insider now owns 42,511 shares in the company, valued at approximately $1,011,336.69. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. UBS Group AG grew its position in Taylor Morrison Home Corp by 4.7% in the 1st quarter. UBS Group AG now owns 6,909 shares of the construction company’s stock valued at $147,000 after purchasing an additional 307 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Taylor Morrison Home Corp by 20.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,409 shares of the construction company’s stock valued at $154,000 after purchasing an additional 1,110 shares during the period. Victory Capital Management Inc. grew its position in Taylor Morrison Home Corp by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 7,429 shares of the construction company’s stock valued at $178,000 after purchasing an additional 1,114 shares during the period. Paloma Partners Management Co grew its position in Taylor Morrison Home Corp by 10.5% in the 1st quarter. Paloma Partners Management Co now owns 11,808 shares of the construction company’s stock valued at $251,000 after purchasing an additional 1,126 shares during the period. Finally, Parametric Portfolio Associates LLC grew its position in Taylor Morrison Home Corp by 11.6% in the 1st quarter. Parametric Portfolio Associates LLC now owns 16,219 shares of the construction company’s stock valued at $346,000 after purchasing an additional 1,692 shares during the period.

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About Taylor Morrison Home Corp

Taylor Morrison Home Corporation 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).

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