Envestnet Asset Management Inc. Sells 73,648 Shares of Taylor Morrison Home Corporation (NYSE:TMHC)

Envestnet Asset Management Inc. trimmed its position in shares of Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 44.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 92,497 shares of the construction company's stock after selling 73,648 shares during the period. Envestnet Asset Management Inc. owned 0.09% of Taylor Morrison Home worth $5,554,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Northern Trust Corp grew its stake in shares of Taylor Morrison Home by 13.4% in the fourth quarter. Northern Trust Corp now owns 1,670,241 shares of the construction company's stock valued at $102,235,000 after acquiring an additional 197,880 shares in the last quarter. Norges Bank bought a new stake in Taylor Morrison Home during the fourth quarter worth about $93,810,000. Arrowstreet Capital Limited Partnership lifted its position in Taylor Morrison Home by 1.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,369,832 shares of the construction company's stock worth $83,847,000 after purchasing an additional 20,908 shares during the period. Nuveen Asset Management LLC lifted its position in Taylor Morrison Home by 1.6% during the fourth quarter. Nuveen Asset Management LLC now owns 952,988 shares of the construction company's stock worth $58,332,000 after purchasing an additional 14,590 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position 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 period. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Taylor Morrison Home Stock Performance

TMHC traded up $0.10 during trading hours on Friday, hitting $60.82. The stock had a trading volume of 1,496,480 shares, compared to its average volume of 1,069,711. The company's fifty day simple moving average is $60.27 and its 200 day simple moving average is $60.51. Taylor Morrison Home Corporation has a 1 year low of $51.90 and a 1 year high of $75.49. The stock has a market cap of $6.10 billion, a PE ratio of 7.02 and a beta of 1.57. The company has a quick ratio of 0.86, a current ratio of 6.54 and a debt-to-equity ratio of 0.35.

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

Analysts Set New Price Targets

TMHC has been the subject of a number of research reports. Wall Street Zen cut shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Sunday, June 1st. BTIG Research set a $75.00 target price on shares of Taylor Morrison Home and gave the stock a "buy" rating in a report on Wednesday, April 16th. Barclays set a $69.00 target price on shares of Taylor Morrison Home and gave the stock an "overweight" rating in a report on Thursday, April 24th. Bank of America started coverage on Taylor Morrison Home in a research note on Monday, May 5th. They issued a "buy" rating and a $70.00 price objective for the company. Finally, Seaport Res Ptn raised shares of Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a research report on Wednesday. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $76.88.

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.