Allianz Asset Management GmbH Has $28.65 Million Stock Position in Taylor Morrison Home Corporation (NYSE:TMHC)

Allianz Asset Management GmbH trimmed its position in shares of Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 17.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 477,128 shares of the construction company's stock after selling 101,618 shares during the period. Allianz Asset Management GmbH owned about 0.48% of Taylor Morrison Home worth $28,647,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Morse Asset Management Inc purchased a new stake in shares of Taylor Morrison Home during the fourth quarter worth $29,000. GAMMA Investing LLC increased its position in Taylor Morrison Home by 193.0% during the first quarter. GAMMA Investing LLC now owns 674 shares of the construction company's stock worth $40,000 after buying an additional 444 shares during the last quarter. Quarry LP increased its position in Taylor Morrison Home by 202.1% during the fourth quarter. Quarry LP now owns 704 shares of the construction company's stock worth $43,000 after buying an additional 471 shares during the last quarter. Farther Finance Advisors LLC increased its position in Taylor Morrison Home by 49.5% during the first quarter. Farther Finance Advisors LLC now owns 791 shares of the construction company's stock worth $48,000 after buying an additional 262 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its position in Taylor Morrison Home by 50.2% during the first quarter. Harbor Capital Advisors Inc. now owns 844 shares of the construction company's stock worth $51,000 after buying an additional 282 shares during the last quarter. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TMHC. Wall Street Zen downgraded 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 price target on Taylor Morrison Home and gave the company a "buy" rating in a research report on Wednesday, April 16th. Bank of America began coverage on Taylor Morrison Home in a research report on Monday, May 5th. They set a "buy" rating and a $70.00 target price on the stock. Wedbush reissued an "outperform" rating and set a $85.00 target price on shares of Taylor Morrison Home in a research report on Wednesday, April 23rd. Finally, Barclays set a $69.00 target price on Taylor Morrison Home and gave the stock an "overweight" rating in a research report on Thursday, April 24th. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $76.88.

Taylor Morrison Home Price Performance

Shares of Taylor Morrison Home stock traded down $3.60 during midday trading on Thursday, reaching $60.71. The company had a trading volume of 2,059,730 shares, compared to its average volume of 1,234,317. The company has a current ratio of 6.54, a quick ratio of 0.86 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $6.09 billion, a price-to-earnings ratio of 7.01 and a beta of 1.57. The stock has a fifty day simple moving average of $60.23 and a 200 day simple moving average of $60.51. Taylor Morrison Home Corporation has a 1-year low of $51.90 and a 1-year high of $75.49.

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

About Taylor Morrison Home

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.