Asset Management One Co. Ltd. Purchases Shares of 20,886 Taylor Morrison Home Corporation (NYSE:TMHC)

Asset Management One Co. Ltd. bought a new stake in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 20,886 shares of the construction company's stock, valued at approximately $1,254,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in Taylor Morrison Home by 24.0% during the 4th quarter. JPMorgan Chase & Co. now owns 811,253 shares of the construction company's stock valued at $49,657,000 after buying an additional 156,793 shares in the last quarter. SG Americas Securities LLC bought a new position in Taylor Morrison Home during the 1st quarter valued at approximately $909,000. State of Alaska Department of Revenue increased its position in Taylor Morrison Home by 2.8% during the 1st quarter. State of Alaska Department of Revenue now owns 12,123 shares of the construction company's stock valued at $727,000 after buying an additional 325 shares in the last quarter. Farther Finance Advisors LLC increased its position in Taylor Morrison Home by 49.5% during the 1st quarter. Farther Finance Advisors LLC now owns 791 shares of the construction company's stock valued at $48,000 after buying an additional 262 shares in the last quarter. Finally, Ritholtz Wealth Management increased its holdings in shares of Taylor Morrison Home by 3.3% in the 1st quarter. Ritholtz Wealth Management now owns 18,027 shares of the construction company's stock worth $1,082,000 after purchasing an additional 576 shares in the last quarter. Institutional investors own 95.16% of the company's stock.

Taylor Morrison Home Stock Performance

Shares of TMHC traded down $1.48 on Friday, reaching $63.45. The company's stock had a trading volume of 992,674 shares, compared to its average volume of 939,346. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.45 and a quick ratio of 0.86. The stock has a market capitalization of $6.37 billion, a P/E ratio of 7.38 and a beta of 1.57. The stock's 50 day simple moving average is $58.76 and its two-hundred day simple moving average is $60.23. Taylor Morrison Home Corporation has a 12-month low of $51.90 and a 12-month high of $75.49.

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

Analysts Set New Price Targets

TMHC has been the subject of a number of research analyst reports. Wall Street Zen lowered Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Sunday, June 1st. Wedbush reissued an "outperform" rating and issued a $85.00 target price on shares of Taylor Morrison Home in a report on Wednesday, April 23rd. BTIG Research set a $75.00 target price on Taylor Morrison Home and gave the stock a "buy" rating in a report on Wednesday, April 16th. Barclays set a $69.00 target price on Taylor Morrison Home and gave the stock an "overweight" rating in a report on Thursday, April 24th. Finally, Seaport Res Ptn raised Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a report on Thursday, March 6th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $76.88.

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.