Taylor Morrison Home Corporation (NYSE:TMHC) Shares Purchased by Ruffer LLP

Key Points

• Ruffer LLP increased its holdings in Taylor Morrison Home Corporation by 42.6% in the first quarter, bringing its total ownership to approximately 0.07% of the company.
• Several institutional investors, including Northern Trust Corp and Victory Capital Management Inc., have significantly increased their stakes in Taylor Morrison Home, contributing to an overall institutional ownership of 95.16%.
• Taylor Morrison Home reported earnings of $2.02 EPS, exceeding analysts' expectations, and experienced a quarterly revenue increase of 2.0% compared to the previous year.

Ruffer LLP increased its stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 42.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 71,069 shares of the construction company's stock after purchasing an additional 21,220 shares during the period. Ruffer LLP owned 0.07% of Taylor Morrison Home worth $4,267,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of TMHC. LPL Financial LLC grew its stake in Taylor Morrison Home by 258.4% during the 4th quarter. LPL Financial LLC now owns 57,173 shares of the construction company's stock valued at $3,500,000 after acquiring an additional 41,219 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Taylor Morrison Home by 24.0% during the 4th quarter. JPMorgan Chase & Co. now owns 811,253 shares of the construction company's stock valued at $49,657,000 after acquiring an additional 156,793 shares in the last quarter. Pictet Asset Management Holding SA grew its stake in Taylor Morrison Home by 6.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 14,715 shares of the construction company's stock valued at $901,000 after acquiring an additional 915 shares in the last quarter. Schroder Investment Management Group grew its stake in Taylor Morrison Home by 515.8% during the 4th quarter. Schroder Investment Management Group now owns 45,868 shares of the construction company's stock valued at $2,803,000 after acquiring an additional 38,419 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its stake in Taylor Morrison Home by 22.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,640 shares of the construction company's stock valued at $100,000 after acquiring an additional 305 shares in the last quarter. Institutional investors and hedge funds own 95.16% of the company's stock.

Taylor Morrison Home Trading Up 0.5%

Shares of Taylor Morrison Home stock traded up $0.30 on Friday, reaching $64.62. The company had a trading volume of 242,548 shares, compared to its average volume of 1,070,057. The firm's 50 day moving average price is $61.16 and its two-hundred day moving average price is $60.45. The firm has a market cap of $6.49 billion, a PE ratio of 7.46 and a beta of 1.53. Taylor Morrison Home Corporation has a 52-week low of $51.90 and a 52-week high of $75.49. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.74 and a current ratio of 6.54.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The construction company reported $2.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.94 by $0.08. Taylor Morrison Home had a net margin of 10.72% and a return on equity of 16.22%. The business had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same period in the previous year, the firm earned $1.86 EPS. The business's revenue was up 2.0% on a year-over-year basis. Sell-side analysts predict that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on TMHC shares. BTIG Research set a $75.00 price objective on shares of Taylor Morrison Home and gave the company a "buy" rating in a research note on Wednesday, April 16th. Wall Street Zen lowered shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Sunday, June 1st. Seaport Res Ptn upgraded shares of Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 23rd. Barclays set a $69.00 target price on shares of Taylor Morrison Home and gave the company an "overweight" rating in a report on Thursday, April 24th. Finally, Wedbush reiterated an "outperform" rating and issued a $85.00 target price on shares of Taylor Morrison Home in a report on Wednesday, April 23rd. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus 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.