Mutual of America Capital Management LLC Trims Stock Position in Taylor Morrison Home Corporation (NYSE:TMHC)

Mutual of America Capital Management LLC decreased its holdings in shares of Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 9.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 264,347 shares of the construction company's stock after selling 28,388 shares during the quarter. Mutual of America Capital Management LLC owned 0.26% of Taylor Morrison Home worth $15,871,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Proficio Capital Partners LLC bought a new position in Taylor Morrison Home in the fourth quarter worth approximately $4,489,000. Raymond James Financial Inc. bought a new position in Taylor Morrison Home in the fourth quarter worth approximately $5,031,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Taylor Morrison Home by 20.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,672 shares of the construction company's stock worth $1,877,000 after purchasing an additional 5,307 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in Taylor Morrison Home by 22.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 14,600 shares of the construction company's stock worth $894,000 after purchasing an additional 2,700 shares in the last quarter. Finally, HighTower Advisors LLC grew its stake in Taylor Morrison Home by 28.2% in the fourth quarter. HighTower Advisors LLC now owns 12,394 shares of the construction company's stock worth $759,000 after purchasing an additional 2,729 shares in the last quarter. Institutional investors own 95.16% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on TMHC shares. Barclays set a $69.00 target price on Taylor Morrison Home and gave the stock an "overweight" rating in a report on Thursday, April 24th. 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. Wedbush restated an "outperform" rating and set a $85.00 target price on shares of Taylor Morrison Home in a report on Wednesday, April 23rd. Bank of America initiated coverage on Taylor Morrison Home in a report on Monday, May 5th. They set a "buy" rating and a $70.00 price objective for the company. Finally, Wall Street Zen lowered Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Sunday, June 1st. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $76.88.

Taylor Morrison Home Price Performance

Shares of NYSE:TMHC traded down $0.91 during trading on Friday, reaching $64.74. 874,682 shares of the company's stock traded hands, compared to its average volume of 945,543. Taylor Morrison Home Corporation has a fifty-two week low of $51.90 and a fifty-two week high of $75.49. 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 $6.50 billion, a PE ratio of 7.53 and a beta of 1.57. The company has a 50-day simple moving average of $59.54 and a 200-day simple moving average of $60.36.

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

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.