Inspire Advisors LLC Acquires 5,963 Shares of Taylor Morrison Home Corporation (NYSE:TMHC)

Key Points

• Inspire Advisors LLC increased its holdings in Taylor Morrison Home Corporation by 88.2%, acquiring an additional 5,963 shares during the first quarter, raising their total to 12,725 shares valued at approximately $764,000.
• In the most recent earnings report, Taylor Morrison Home Corporation posted an EPS of $2.02, exceeding analysts' expectations of $1.94, and reported quarterly revenue of $2.03 billion.
• Analysts have set a consensus rating of "Buy" for Taylor Morrison Home stock, with an average target price of $76.88, while various firms have given price targets ranging from $69.00 to $75.00.

Inspire Advisors LLC lifted its position in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 88.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,725 shares of the construction company's stock after acquiring an additional 5,963 shares during the period. Inspire Advisors LLC's holdings in Taylor Morrison Home were worth $764,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in TMHC. Northern Trust Corp boosted its holdings in shares of Taylor Morrison Home by 13.4% during the fourth quarter. Northern Trust Corp now owns 1,670,241 shares of the construction company's stock worth $102,235,000 after purchasing an additional 197,880 shares during the period. Norges Bank acquired a new stake in Taylor Morrison Home in the fourth quarter valued at approximately $93,810,000. Arrowstreet Capital Limited Partnership lifted its stake in Taylor Morrison Home by 1.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,369,832 shares of the construction company's stock valued at $83,847,000 after acquiring an additional 20,908 shares during the last quarter. Nuveen Asset Management LLC lifted its stake in Taylor Morrison Home by 1.6% in the fourth quarter. Nuveen Asset Management LLC now owns 952,988 shares of the construction company's stock valued at $58,332,000 after acquiring an additional 14,590 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in Taylor Morrison Home by 80.2% in the first quarter. Assenagon Asset Management S.A. now owns 912,064 shares of the construction company's stock valued at $54,760,000 after acquiring an additional 405,875 shares during the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TMHC has been the subject of a number of analyst reports. BTIG Research set a $75.00 target price on shares of Taylor Morrison Home and gave the company a "buy" rating in a research note on Wednesday, April 16th. Bank of America initiated coverage on shares of Taylor Morrison Home in a research note on Monday, May 5th. They issued a "buy" rating and a $70.00 target price for the company. Wedbush reiterated an "outperform" rating and issued a $85.00 target price on shares of Taylor Morrison Home in a research note on Wednesday, April 23rd. Barclays set a $69.00 target price on shares of Taylor Morrison Home and gave the company an "overweight" rating in a research note on Thursday, April 24th. Finally, Seaport Res Ptn upgraded shares of Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $76.88.

Taylor Morrison Home Stock Performance

TMHC stock traded down $0.20 on Thursday, reaching $59.72. 339,828 shares of the company were exchanged, compared to its average volume of 1,068,034. Taylor Morrison Home Corporation has a 12 month low of $51.90 and a 12 month high of $75.49. The stock's fifty day moving average price is $60.41 and its 200 day moving average price is $60.52. The firm has a market capitalization of $5.99 billion, a PE ratio of 6.90 and a beta of 1.57. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.54 and a quick ratio of 0.74.

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

Taylor Morrison Home 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.