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

Mutual of America Capital Management LLC decreased its position in shares of Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 9.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (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 about 0.26% of Taylor Morrison Home worth $15,871,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in shares of Taylor Morrison Home by 193.0% in the first quarter. GAMMA Investing LLC now owns 674 shares of the construction company's stock valued at $40,000 after buying an additional 444 shares during the period. KBC Group NV raised its position in shares of Taylor Morrison Home by 16.7% in the first quarter. KBC Group NV now owns 4,987 shares of the construction company's stock valued at $299,000 after purchasing an additional 714 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its position in Taylor Morrison Home by 10.8% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,200 shares of the construction company's stock worth $552,000 after acquiring an additional 900 shares during the period. Janney Montgomery Scott LLC increased its position in Taylor Morrison Home by 17.5% during the first quarter. Janney Montgomery Scott LLC now owns 8,056 shares of the construction company's stock worth $484,000 after acquiring an additional 1,201 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in Taylor Morrison Home by 24.0% during the fourth quarter. JPMorgan Chase & Co. now owns 811,253 shares of the construction company's stock worth $49,657,000 after buying an additional 156,793 shares in the last quarter. Institutional investors own 95.16% of the company's stock.

Taylor Morrison Home Stock Up 1.2%

Shares of NYSE:TMHC traded up $0.75 on Wednesday, hitting $62.93. 983,309 shares of the company traded hands, compared to its average volume of 949,256. Taylor Morrison Home Corporation has a 52 week low of $51.90 and a 52 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 stock has a 50 day simple moving average of $59.74 and a 200-day simple moving average of $60.39. The company has a market cap of $6.32 billion, a PE ratio of 7.32 and a beta of 1.57.

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on TMHC. Wedbush reiterated 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 objective on shares of Taylor Morrison Home and gave the stock an "overweight" rating in a report on Thursday, April 24th. Bank of America assumed coverage on shares of Taylor Morrison Home in a report on Monday, May 5th. They issued a "buy" rating and a $70.00 price target on the stock. Wall Street Zen cut Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note on Sunday, June 1st. Finally, BTIG Research set a $75.00 price objective on shares of Taylor Morrison Home and gave the stock a "buy" rating in a research report on Wednesday, April 16th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.