Diversified Trust Co Acquires New Position in Taylor Morrison Home Corporation (NYSE:TMHC)

Diversified Trust Co acquired a new position in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,457 shares of the construction company's stock, valued at approximately $448,000.

Several other institutional investors have also added to or reduced their stakes in TMHC. Morse Asset Management Inc bought a new stake in Taylor Morrison Home during the 4th quarter valued at about $29,000. GAMMA Investing LLC increased its position in shares of Taylor Morrison Home by 193.0% during the first quarter. GAMMA Investing LLC now owns 674 shares of the construction company's stock worth $40,000 after acquiring an additional 444 shares during the period. Quarry LP raised its stake in shares of Taylor Morrison Home by 202.1% during the fourth quarter. Quarry LP now owns 704 shares of the construction company's stock valued at $43,000 after acquiring an additional 471 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Taylor Morrison Home by 49.5% during 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 in the last quarter. Finally, SRS Capital Advisors Inc. purchased a new stake in shares of Taylor Morrison Home in the fourth quarter valued at approximately $51,000. Institutional investors own 95.16% of the company's stock.

Taylor Morrison Home Stock Down 2.3%

Shares of NYSE:TMHC traded down $1.48 during trading on Friday, reaching $63.45. The stock had a trading volume of 992,674 shares, compared to its average volume of 939,346. The company has a current ratio of 6.45, a quick ratio of 0.86 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $6.37 billion, a P/E ratio of 7.38 and a beta of 1.57. The firm's 50-day simple moving average is $58.76 and its 200 day simple moving average is $60.23. Taylor Morrison Home Corporation has a one year low of $51.90 and a one year high of $75.49.

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

Analysts Set New Price Targets

Several equities research analysts have weighed in on TMHC shares. 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. Seaport Res Ptn raised shares of Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 6th. Wedbush reissued an "outperform" rating and set a $85.00 target price on shares of Taylor Morrison Home in a research 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. Finally, 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. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate 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.