Burney Co. Grows Stock Position in Taylor Morrison Home Corporation (NYSE:TMHC)

Burney Co. increased its stake in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 13.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 231,336 shares of the construction company's stock after purchasing an additional 27,310 shares during the quarter. Burney Co. owned about 0.23% of Taylor Morrison Home worth $13,889,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in TMHC. GAMMA Investing LLC grew its stake in shares of Taylor Morrison Home by 193.0% in the 1st 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. KBC Group NV lifted its stake in Taylor Morrison Home by 16.7% in the first quarter. KBC Group NV now owns 4,987 shares of the construction company's stock worth $299,000 after purchasing an additional 714 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Taylor Morrison Home by 10.8% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,200 shares of the construction company's stock valued at $552,000 after acquiring an additional 900 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Taylor Morrison Home by 17.5% in the first quarter. Janney Montgomery Scott LLC now owns 8,056 shares of the construction company's stock valued at $484,000 after purchasing an additional 1,201 shares during the period. Finally, Cerity Partners LLC increased its position in shares of Taylor Morrison Home by 15.6% during the first quarter. Cerity Partners LLC now owns 24,507 shares of the construction company's stock worth $1,471,000 after purchasing an additional 3,311 shares in the last quarter. Institutional investors own 95.16% of the company's stock.

Wall Street Analysts Forecast Growth

TMHC has been the topic of several recent research reports. Barclays set a $69.00 price target on shares of Taylor Morrison Home and gave the company an "overweight" rating in a report on Thursday, April 24th. Wedbush reaffirmed an "outperform" rating and set a $85.00 price objective on shares of Taylor Morrison Home in a research report on Wednesday, April 23rd. Wall Street Zen cut shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a research report on Sunday, June 1st. Bank of America began coverage on shares of Taylor Morrison Home in a research report on Monday, May 5th. They set a "buy" rating and a $70.00 price objective for the company. Finally, BTIG Research set a $75.00 price objective on shares of Taylor Morrison Home and gave the stock a "buy" rating in a research report on Wednesday, April 16th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Taylor Morrison Home currently has an average rating of "Moderate Buy" and a consensus target price of $76.88.

Taylor Morrison Home Trading Up 7.6%

NYSE TMHC opened at $66.87 on Wednesday. The company's fifty day moving average price is $59.99 and its two-hundred day moving average price is $60.43. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.45 and a quick ratio of 0.86. Taylor Morrison Home Corporation has a 12 month low of $51.90 and a 12 month high of $75.49. The company has a market capitalization of $6.71 billion, a price-to-earnings ratio of 7.78 and a beta of 1.57.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The construction company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.94 by $0.08. Taylor Morrison Home had a net margin of 10.84% and a return on equity of 16.72%. The business's quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.86 earnings per share. As a group, research analysts predict that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current fiscal year.

Taylor Morrison Home Company 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.

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