Rhumbline Advisers Sells 9,935 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Rhumbline Advisers lessened its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 2.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 344,085 shares of the construction company's stock after selling 9,935 shares during the quarter. Rhumbline Advisers owned about 0.34% of Taylor Morrison Home worth $20,659,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. BTC Capital Management Inc. boosted its position in Taylor Morrison Home by 5.2% during the first quarter. BTC Capital Management Inc. now owns 5,442 shares of the construction company's stock worth $327,000 after purchasing an additional 267 shares during the period. GAMMA Investing LLC lifted its stake in shares of Taylor Morrison Home by 17,494.3% in the first quarter. GAMMA Investing LLC now owns 40,467 shares of the construction company's stock worth $2,430,000 after buying an additional 40,237 shares during the last quarter. 111 Capital bought a new stake in shares of Taylor Morrison Home during the 4th quarter worth $809,000. GTS Securities LLC acquired a new position in Taylor Morrison Home in the 4th quarter valued at $277,000. Finally, Vise Technologies Inc. bought a new position in Taylor Morrison Home in the 4th quarter worth $310,000. Institutional investors and hedge funds own 95.16% of the company's stock.

Taylor Morrison Home Stock Performance

Shares of NYSE:TMHC traded up $1.79 during trading on Tuesday, hitting $59.74. 686,298 shares of the stock were exchanged, compared to its average volume of 929,454. The company has a market capitalization of $6.00 billion, a price-to-earnings ratio of 7.21 and a beta of 1.57. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.94 and a current ratio of 6.39. Taylor Morrison Home Co. has a 1-year low of $51.90 and a 1-year high of $75.49. The company's fifty day simple moving average is $57.42 and its 200-day simple moving average is $61.38.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last posted its quarterly 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 10.81% and a return on equity of 16.50%. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the previous year, the company earned $1.75 earnings per share. The business's revenue was up 11.5% compared to the same quarter last year. Sell-side analysts expect that Taylor Morrison Home Co. will post 8.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on TMHC shares. Wall Street Zen lowered shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a research report on Sunday, June 1st. Barclays set a $69.00 price objective on Taylor Morrison Home and gave the stock an "overweight" rating in a research report on Thursday, April 24th. BTIG Research set a $75.00 target price on Taylor Morrison Home and gave the company a "buy" rating in a report on Wednesday, April 16th. Royal Bank of Canada upped their price target on Taylor Morrison Home from $72.00 to $74.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of 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. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $76.88.

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.