NBC Securities Inc. Boosts Position in Taylor Morrison Home Co. (NYSE:TMHC)

NBC Securities Inc. increased its position in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 98,740.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,884 shares of the construction company's stock after buying an additional 9,874 shares during the quarter. NBC Securities Inc.'s holdings in Taylor Morrison Home were worth $593,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Morse Asset Management Inc purchased a new position in shares of Taylor Morrison Home in the 4th quarter valued at approximately $29,000. V Square Quantitative Management LLC grew its stake in shares of Taylor Morrison Home by 68.1% in the 4th quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company's stock valued at $42,000 after purchasing an additional 277 shares during the last quarter. Quarry LP grew its stake in shares of Taylor Morrison Home by 202.1% in the 4th quarter. Quarry LP now owns 704 shares of the construction company's stock valued at $43,000 after purchasing an additional 471 shares during the last quarter. SRS Capital Advisors Inc. purchased a new position in shares of Taylor Morrison Home in the 4th quarter valued at approximately $51,000. Finally, Smartleaf Asset Management LLC grew its stake in shares of Taylor Morrison Home by 41.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company's stock valued at $51,000 after purchasing an additional 243 shares during the last quarter. Hedge funds and other institutional investors own 95.16% of the company's stock.

Taylor Morrison Home Price Performance

Shares of Taylor Morrison Home stock traded down $0.87 during trading on Friday, reaching $57.23. The company's stock had a trading volume of 743,098 shares, compared to its average volume of 931,256. The company has a quick ratio of 0.94, a current ratio of 6.39 and a debt-to-equity ratio of 0.36. Taylor Morrison Home Co. has a 12-month low of $51.90 and a 12-month high of $75.49. The company has a market capitalization of $5.74 billion, a P/E ratio of 6.91 and a beta of 1.57. The business has a 50 day moving average price of $57.48 and a 200-day moving average price of $61.47.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The construction company reported $2.18 EPS for the quarter, topping analysts' consensus estimates of $1.85 by $0.33. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.81 billion. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. Taylor Morrison Home's quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.75 earnings per share. As a group, sell-side analysts anticipate that Taylor Morrison Home Co. will post 8.93 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Wall Street Zen downgraded Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note on Sunday, June 1st. Seaport Res Ptn upgraded Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 6th. Royal Bank of Canada lifted their target price on Taylor Morrison Home from $72.00 to $74.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. decreased their price target on Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th. Finally, Wedbush restated an "outperform" rating and issued a $85.00 price target on shares of Taylor Morrison Home in a research note on Wednesday, April 23rd. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $76.88.

Insiders Place Their Bets

In other Taylor Morrison Home news, CAO Joseph Terracciano sold 1,537 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total transaction of $93,372.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.40% of the stock is owned by company insiders.

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.