Alps Advisors Inc. Makes New Investment in Taylor Morrison Home Corporation (NYSE:TMHC)

Alps Advisors Inc. acquired a new stake in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 6,120 shares of the construction company's stock, valued at approximately $367,000.

Other large investors have also bought and sold shares of the company. Morse Asset Management Inc bought a new position in shares of Taylor Morrison Home during the fourth quarter worth about $29,000. GAMMA Investing LLC raised its position in shares of 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 acquiring an additional 444 shares during the last quarter. Quarry LP raised its position in shares of 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 acquiring an additional 471 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of 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 acquiring an additional 262 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its position in shares of 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 acquiring an additional 282 shares during the last quarter. 95.16% of the stock is owned by institutional investors and hedge funds.

Taylor Morrison Home Stock Up 0.4%

Shares of Taylor Morrison Home stock traded up $0.23 on Thursday, reaching $63.25. The company's stock had a trading volume of 413,038 shares, compared to its average volume of 947,062. The company has a market capitalization of $6.35 billion, a price-to-earnings ratio of 7.36 and a beta of 1.57. The firm's fifty day simple moving average is $59.83 and its two-hundred day simple moving average is $60.41. Taylor Morrison Home Corporation has a 52 week low of $51.90 and a 52 week high of $75.49. The company has a quick ratio of 0.86, a current ratio of 6.45 and a debt-to-equity ratio of 0.35.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The construction company reported $2.18 EPS for the quarter, topping analysts' consensus estimates of $1.85 by $0.33. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.81 billion. Taylor Morrison Home had a return on equity of 16.72% and a net margin of 10.84%. The company's quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.75 EPS. Equities analysts anticipate that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on TMHC shares. Barclays set a $69.00 price objective on Taylor Morrison Home and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Bank of America initiated coverage on Taylor Morrison Home in a report on Monday, May 5th. They set a "buy" rating and a $70.00 price objective for the company. BTIG Research set a $75.00 price objective on Taylor Morrison Home and gave the company a "buy" rating in a 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. Finally, Wall Street Zen cut Taylor Morrison Home from a "buy" rating to a "hold" rating in a research report on Sunday, June 1st. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $76.88.

Taylor Morrison Home 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.