Diversified Trust Co Makes New $448,000 Investment in Taylor Morrison Home Corporation (NYSE:TMHC)

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

Several other large investors have also recently bought and sold shares of the business. Norges Bank acquired a new position in shares of Taylor Morrison Home during the 4th quarter worth about $93,810,000. Assenagon Asset Management S.A. lifted its stake in Taylor Morrison Home by 80.2% during the first quarter. Assenagon Asset Management S.A. now owns 912,064 shares of the construction company's stock worth $54,760,000 after purchasing an additional 405,875 shares during the last quarter. Boston Partners lifted its stake in Taylor Morrison Home by 88.7% during the fourth quarter. Boston Partners now owns 594,347 shares of the construction company's stock worth $36,794,000 after purchasing an additional 279,361 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in Taylor Morrison Home in the fourth quarter valued at approximately $14,736,000. Finally, Point72 Asset Management L.P. purchased a new position in Taylor Morrison Home in the fourth quarter valued at approximately $13,332,000. Hedge funds and other institutional investors own 95.16% of the company's stock.

Taylor Morrison Home Stock Performance

TMHC stock traded down $1.51 during trading on Thursday, hitting $63.43. The company had a trading volume of 960,061 shares, compared to its average volume of 936,882. Taylor Morrison Home Corporation has a 1-year low of $51.90 and a 1-year high of $75.49. The firm has a 50-day moving average price of $58.65 and a 200-day moving average price of $60.24. The company has a quick ratio of 0.86, a current ratio of 6.45 and a debt-to-equity ratio of 0.35. The firm has a market cap of $6.37 billion, a PE ratio of 7.38 and a beta of 1.57.

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

Analyst Ratings Changes

Several research analysts have recently issued reports on TMHC shares. BTIG Research set a $75.00 target price on shares of Taylor Morrison Home and gave the company a "buy" rating in a report on Wednesday, April 16th. Seaport Res Ptn raised Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a report on Thursday, March 6th. Bank of America started coverage on Taylor Morrison Home in a research report on Monday, May 5th. They set a "buy" rating and a $70.00 target price on the stock. Wedbush reissued an "outperform" rating and issued a $85.00 target price on shares of Taylor Morrison Home in a research report on Wednesday, April 23rd. Finally, Barclays set a $69.00 price target on Taylor Morrison Home and gave the stock an "overweight" rating in a research note on Thursday, April 24th. 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 stock has an average 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.