Bank of New York Mellon Corp lowered its position in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 5.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 810,849 shares of the construction company's stock after selling 43,546 shares during the quarter. Bank of New York Mellon Corp owned 0.80% of Taylor Morrison Home worth $48,683,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SummerHaven Investment Management LLC boosted its holdings in Taylor Morrison Home by 1.6% in the first quarter. SummerHaven Investment Management LLC now owns 14,218 shares of the construction company's stock valued at $854,000 after acquiring an additional 223 shares during the last quarter. Fifth Third Bancorp boosted its holdings in Taylor Morrison Home by 27.8% in the first quarter. Fifth Third Bancorp now owns 1,034 shares of the construction company's stock valued at $62,000 after acquiring an additional 225 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings 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 valued at $48,000 after acquiring an additional 262 shares during the last quarter. BTC Capital Management Inc. lifted its stake in shares of Taylor Morrison Home by 5.2% during the first quarter. BTC Capital Management Inc. now owns 5,442 shares of the construction company's stock worth $327,000 after purchasing an additional 267 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its position in shares of 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 buying an additional 282 shares during the period. Institutional investors and hedge funds own 95.16% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on TMHC shares. BTIG Research set a $75.00 target price on Taylor Morrison Home and gave the company a "buy" rating in a report on Wednesday, April 16th. Barclays set a $69.00 price objective on shares of Taylor Morrison Home and gave the company an "overweight" rating in a research note on Thursday, April 24th. Wall Street Zen downgraded shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note on Sunday, June 1st. Bank of America initiated coverage on shares of Taylor Morrison Home in a research note on Monday, May 5th. They set a "buy" rating and a $70.00 price target on the stock. Finally, Wedbush reiterated an "outperform" rating and issued a $85.00 price objective on shares of Taylor Morrison Home in a report on Wednesday, April 23rd. 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.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $76.88.
Get Our Latest Report on Taylor Morrison Home
Taylor Morrison Home Stock Up 0.1%
TMHC traded up $0.04 on Thursday, reaching $63.06. The company's stock had a trading volume of 920,379 shares, compared to its average volume of 948,809. The stock has a market cap of $6.33 billion, a price-to-earnings ratio of 7.33 and a beta of 1.57. Taylor Morrison Home Corporation has a 1 year low of $51.90 and a 1 year high of $75.49. 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 business's 50 day moving average is $59.83 and its 200 day moving average is $60.41.
Taylor Morrison Home (NYSE:TMHC - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The construction company reported $2.18 EPS for the quarter, beating analysts' consensus estimates of $1.85 by $0.33. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.81 billion. Taylor Morrison Home had a return on equity of 16.72% and a net margin of 10.84%. Taylor Morrison Home's revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.75 earnings per share. As a group, research analysts forecast that Taylor Morrison Home Corporation will post 8.93 EPS for the current fiscal year.
About Taylor Morrison Home
(
Free Report)
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.
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