78,074 Shares in Taylor Morrison Home Corporation (NYSE:TMHC) Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH purchased 78,074 shares of Taylor Morrison Home Corporation (TMHC), valued at approximately $4.68 million, representing about 0.08% of the company.
• TMHC reported a quarterly earnings per share (EPS) of $2.02, exceeding expectations and showing a revenue increase of 2.0% year-over-year.
• Analysts have a consensus rating of "Buy" on TMHC, with a target price average of $76.88, signaling positive growth potential for the stock.

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 78,074 shares of the construction company's stock, valued at approximately $4,688,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.08% of Taylor Morrison Home as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the business. Morse Asset Management Inc bought a new position in Taylor Morrison Home in the fourth quarter worth approximately $29,000. GAMMA Investing LLC grew its stake in Taylor Morrison Home by 193.0% in the first quarter. GAMMA Investing LLC now owns 674 shares of the construction company's stock worth $40,000 after purchasing an additional 444 shares in the last quarter. Quarry LP grew its stake in Taylor Morrison Home by 202.1% in the fourth quarter. Quarry LP now owns 704 shares of the construction company's stock worth $43,000 after purchasing an additional 471 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Taylor Morrison Home by 49.5% in the first quarter. Farther Finance Advisors LLC now owns 791 shares of the construction company's stock worth $48,000 after purchasing an additional 262 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its stake in Taylor Morrison Home by 50.2% in the first quarter. Harbor Capital Advisors Inc. now owns 844 shares of the construction company's stock worth $51,000 after purchasing an additional 282 shares in the last quarter. Institutional investors own 95.16% of the company's stock.

Taylor Morrison Home Stock Performance

TMHC stock traded down $0.44 during midday trading on Thursday, reaching $59.48. The stock had a trading volume of 251,462 shares, compared to its average volume of 1,067,436. The firm has a fifty day simple moving average of $60.41 and a two-hundred day simple moving average of $60.52. The stock has a market cap of $5.97 billion, a PE ratio of 6.85 and a beta of 1.57. Taylor Morrison Home Corporation has a 52-week low of $51.90 and a 52-week high of $75.49. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.74 and a current ratio of 6.54.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The construction company reported $2.02 EPS for the quarter, beating analysts' consensus estimates of $1.94 by $0.08. Taylor Morrison Home had a return on equity of 16.22% and a net margin of 10.72%. The firm had revenue of $2.03 billion for the quarter, compared to analysts' expectations of $1.93 billion. During the same period last year, the firm earned $1.86 EPS. The company's quarterly revenue was up 2.0% on a year-over-year basis. As a group, equities research analysts anticipate that Taylor Morrison Home Corporation will post 8.93 EPS for the current year.

Analyst Ratings Changes

Several analysts have issued reports on TMHC shares. Wall Street Zen cut Taylor Morrison Home from a "buy" rating to a "hold" rating in a research report on Sunday, June 1st. BTIG Research set a $75.00 target price on Taylor Morrison Home and gave the company a "buy" rating in a research report on Wednesday, April 16th. Wedbush reaffirmed an "outperform" rating and set a $85.00 target price on shares of Taylor Morrison Home in a research report on Wednesday, April 23rd. Seaport Res Ptn upgraded Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 23rd. Finally, Barclays set a $69.00 price objective on Taylor Morrison Home and gave the company an "overweight" rating in a report on Thursday, April 24th. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Taylor Morrison Home currently has a consensus rating of "Buy" and a consensus price target of $76.88.

Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation, together with its subsidiaries, operates as a public homebuilder in the United States. The company designs, builds, and sells single and multi-family detached and attached homes; and develops lifestyle and master-planned communities. It develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name.