Taylor Morrison Home Corporation (NYSE:TMHC) Shares Bought by Royce & Associates LP

Key Points

• Royce & Associates LP has increased its stake in Taylor Morrison Home Corporation (NYSE:TMHC) by 23.4%, now owning 201,383 shares valued at approximately $12.1 million after acquiring an additional 38,190 shares.
• In Q2, Taylor Morrison reported earnings per share (EPS) of $2.02, surpassing estimates and showing a 2.0% increase in revenue year-over-year, totaling $2.03 billion.
• Analysts have a consensus "Buy" rating for Taylor Morrison, with an average target price of $76.88, indicating a positive outlook on the stock.

Royce & Associates LP increased its position in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 23.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 201,383 shares of the construction company's stock after purchasing an additional 38,190 shares during the period. Royce & Associates LP owned 0.20% of Taylor Morrison Home worth $12,091,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in shares of Taylor Morrison Home by 193.0% during the first quarter. GAMMA Investing LLC now owns 674 shares of the construction company's stock valued at $40,000 after purchasing an additional 444 shares in the last quarter. KBC Group NV lifted its holdings in 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 acquiring an additional 714 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Taylor Morrison Home by 10.8% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,200 shares of the construction company's stock valued at $552,000 after acquiring an additional 900 shares during the period. Cerity Partners LLC lifted its holdings in Taylor Morrison Home by 15.6% in the first quarter. Cerity Partners LLC now owns 24,507 shares of the construction company's stock valued at $1,471,000 after acquiring an additional 3,311 shares during the period. Finally, Janney Montgomery Scott LLC lifted its holdings in Taylor Morrison Home by 17.5% in the first quarter. Janney Montgomery Scott LLC now owns 8,056 shares of the construction company's stock valued at $484,000 after acquiring an additional 1,201 shares during the period. 95.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on TMHC shares. BTIG Research set a $75.00 price objective on Taylor Morrison Home and gave the stock a "buy" rating in a research note on Wednesday, April 16th. Wall Street Zen cut Taylor Morrison Home from a "buy" rating to a "hold" rating in a research report on Sunday, June 1st. Seaport Res Ptn upgraded Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 23rd. 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. Finally, Bank of America assumed coverage on Taylor Morrison Home in a report on Monday, May 5th. They set a "buy" rating and a $70.00 price target for the company. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $76.88.

Taylor Morrison Home Stock Up 0.8%

NYSE TMHC traded up $0.51 on Tuesday, reaching $61.10. 252,973 shares of the stock traded hands, compared to its average volume of 1,063,829. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.74 and a current ratio of 6.54. The company has a fifty day moving average price of $60.31 and a 200-day moving average price of $60.52. The company has a market cap of $6.13 billion, a price-to-earnings ratio of 7.05 and a beta of 1.57. Taylor Morrison Home Corporation has a 12 month low of $51.90 and a 12 month high of $75.49.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The construction company reported $2.02 earnings per share for the quarter, beating analysts' consensus estimates of $1.94 by $0.08. Taylor Morrison Home had a return on equity of 16.22% and a net margin of 10.72%. The business had revenue of $2.03 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same period in the previous year, the company posted $1.86 EPS. Taylor Morrison Home's revenue was up 2.0% on a year-over-year basis. As a group, research analysts forecast 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.