Deutsche Bank AG Increases Stake in Taylor Morrison Home Corporation (NYSE:TMHC)

Key Points

• Deutsche Bank AG increased its stake in Taylor Morrison Home Corporation by 9.4%, owning 197,002 shares valued at approximately $11.8 million as of their most recent SEC filing.
• Several other large investors made significant changes to their holdings, with Ruffer LLP enhancing its stake by 42.6%, bringing total institutional ownership to 95.16% of the stock.
• Taylor Morrison recently reported a quarterly earnings per share of $2.02, exceeding estimates, along with a revenue of $2.03 billion, marking a 2% increase from the previous year.

Deutsche Bank AG lifted its stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 9.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 197,002 shares of the construction company's stock after acquiring an additional 16,979 shares during the period. Deutsche Bank AG owned 0.20% of Taylor Morrison Home worth $11,828,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Ruffer LLP lifted its holdings in shares of Taylor Morrison Home by 42.6% during the 1st quarter. Ruffer LLP now owns 71,069 shares of the construction company's stock worth $4,267,000 after acquiring an additional 21,220 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Taylor Morrison Home by 5.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,920 shares of the construction company's stock worth $295,000 after acquiring an additional 262 shares during the period. US Bancorp DE lifted its holdings in shares of Taylor Morrison Home by 21.4% during the 1st quarter. US Bancorp DE now owns 5,002 shares of the construction company's stock worth $300,000 after acquiring an additional 881 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in shares of Taylor Morrison Home by 23.7% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,300 shares of the construction company's stock worth $378,000 after acquiring an additional 1,207 shares during the period. Finally, Foster & Motley Inc. raised its holdings in Taylor Morrison Home by 47.5% in the first quarter. Foster & Motley Inc. now owns 35,571 shares of the construction company's stock valued at $2,136,000 after buying an additional 11,455 shares during the period. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Taylor Morrison Home

In other news, CFO Curtis Vanhyfte sold 9,754 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $65.22, for a total transaction of $636,155.88. Following the completion of the sale, the chief financial officer owned 14,163 shares of the company's stock, valued at approximately $923,710.86. This trade represents a 40.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.40% of the company's stock.

Taylor Morrison Home Trading Down 1.8%

TMHC opened at $68.05 on Friday. The firm has a market capitalization of $6.83 billion, a P/E ratio of 7.86 and a beta of 1.53. The firm's 50 day moving average is $62.12 and its 200-day moving average is $60.47. 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 0.74, a current ratio of 6.54 and a debt-to-equity ratio of 0.35.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The construction company reported $2.02 earnings per share for the quarter, topping analysts' consensus estimates of $1.94 by $0.08. Taylor Morrison Home had a net margin of 10.72% and a return on equity of 16.22%. The business had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter last year, the company earned $1.86 earnings per share. The business's quarterly revenue was up 2.0% compared to the same quarter last year. Analysts expect that Taylor Morrison Home Corporation will post 8.93 EPS for the current fiscal year.

Analysts Set New Price Targets

TMHC has been the topic of several research reports. Wedbush restated an "outperform" rating and issued a $85.00 price target on shares of Taylor Morrison Home in a report on Wednesday, April 23rd. 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. Wall Street Zen lowered shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Sunday, June 1st. Seaport Res Ptn upgraded shares of Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 23rd. Finally, Bank of America initiated coverage on shares of Taylor Morrison Home in a report on Monday, May 5th. They issued a "buy" rating and a $70.00 price target on the stock. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target 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.

Want to see what other hedge funds are holding TMHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Taylor Morrison Home Corporation (NYSE:TMHC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.