Assenagon Asset Management S.A. Has $54.76 Million Stock Position in Taylor Morrison Home Co. (NYSE:TMHC)

Assenagon Asset Management S.A. lifted its position in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 80.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 912,064 shares of the construction company's stock after purchasing an additional 405,875 shares during the period. Assenagon Asset Management S.A. owned 0.90% of Taylor Morrison Home worth $54,760,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of TMHC. CIBC Asset Management Inc boosted its holdings in Taylor Morrison Home by 5.5% in the 4th quarter. CIBC Asset Management Inc now owns 3,302 shares of the construction company's stock valued at $202,000 after purchasing an additional 173 shares during the period. Smartleaf Asset Management LLC boosted its holdings in Taylor Morrison Home by 41.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company's stock valued at $51,000 after purchasing an additional 243 shares during the period. Savant Capital LLC boosted its holdings in Taylor Morrison Home by 5.3% in the 4th quarter. Savant Capital LLC now owns 5,012 shares of the construction company's stock valued at $307,000 after purchasing an additional 251 shares during the period. Farther Finance Advisors LLC boosted its holdings in Taylor Morrison Home by 49.5% in the 1st quarter. Farther Finance Advisors LLC now owns 791 shares of the construction company's stock valued at $48,000 after purchasing an additional 262 shares during the period. Finally, BTC Capital Management Inc. boosted its holdings in Taylor Morrison Home by 5.2% in the 1st quarter. BTC Capital Management Inc. now owns 5,442 shares of the construction company's stock valued at $327,000 after purchasing an additional 267 shares during the period. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Taylor Morrison Home Price Performance

NYSE:TMHC traded down $1.34 on Friday, hitting $58.01. The company had a trading volume of 746,168 shares, compared to its average volume of 930,408. The stock has a market capitalization of $5.82 billion, a price-to-earnings ratio of 7.01 and a beta of 1.57. The company has a current ratio of 6.39, a quick ratio of 0.94 and a debt-to-equity ratio of 0.36. The firm has a 50 day moving average of $57.58 and a two-hundred day moving average of $61.04. Taylor Morrison Home Co. has a 52 week low of $51.90 and a 52 week high of $75.49.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The construction company reported $2.18 EPS for the quarter, beating the consensus estimate of $1.85 by $0.33. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the prior year, the firm earned $1.75 EPS. The firm's revenue was up 11.5% compared to the same quarter last year. On average, research analysts anticipate that Taylor Morrison Home Co. will post 8.93 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Barclays set a $69.00 price objective on shares of Taylor Morrison Home and gave the company an "overweight" rating in a report on Thursday, April 24th. JPMorgan Chase & Co. cut their price target on shares of Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating for the company in a report on Tuesday, February 18th. BTIG Research set a $75.00 price target on shares of Taylor Morrison Home and gave the stock a "buy" rating in a report on Wednesday, April 16th. Wall Street Zen downgraded shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Sunday, June 1st. Finally, Bank of America initiated coverage on shares of Taylor Morrison Home in a report on Monday, May 5th. They set a "buy" rating and a $70.00 price target for the company. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average 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.