Taylor Morrison Home Corporation (NYSE:TMHC) Stock Holdings Lifted 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 raised its position in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 42.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,069 shares of the construction company's stock after acquiring an additional 21,220 shares during the quarter. Ruffer LLP owned 0.07% of Taylor Morrison Home worth $4,267,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in TMHC. Morse Asset Management Inc bought a new stake in shares of Taylor Morrison Home in the 4th quarter worth about $29,000. GAMMA Investing LLC increased its holdings in 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 last quarter. Quarry LP raised its stake in Taylor Morrison Home by 202.1% during the fourth quarter. Quarry LP now owns 704 shares of the construction company's stock valued at $43,000 after buying an additional 471 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Taylor Morrison Home by 49.5% during the 1st quarter. Farther Finance Advisors LLC now owns 791 shares of the construction company's stock worth $48,000 after buying an additional 262 shares during the last quarter. Finally, Harbor Capital Advisors Inc. grew its position in shares of Taylor Morrison Home by 50.2% in the 1st quarter. Harbor Capital Advisors Inc. now owns 844 shares of the construction company's stock worth $51,000 after acquiring an additional 282 shares in the last quarter. Hedge funds and other institutional investors own 95.16% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on TMHC shares. Barclays set a $69.00 price target on Taylor Morrison Home and gave the company an "overweight" rating in a research report on Thursday, April 24th. Seaport Res Ptn upgraded shares of Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 23rd. Wall Street Zen downgraded shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a research report on Sunday, June 1st. Wedbush reiterated an "outperform" rating and set a $85.00 price objective on shares of Taylor Morrison Home in a research note on Wednesday, April 23rd. Finally, Bank of America began coverage on Taylor Morrison Home in a research note on Monday, May 5th. They issued a "buy" rating and a $70.00 target price for the company. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $76.88.

Taylor Morrison Home Price Performance

Shares of Taylor Morrison Home stock traded up $1.75 during trading on Tuesday, hitting $64.81. The stock had a trading volume of 1,649,926 shares, compared to its average volume of 1,339,762. The business has a fifty day moving average of $60.84 and a two-hundred day moving average of $60.43. The firm has a market cap of $6.50 billion, a P/E ratio of 7.48 and a beta of 1.53. Taylor Morrison Home Corporation has a fifty-two week low of $51.90 and a fifty-two week high of $75.49. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.54 and a quick ratio of 0.74.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The construction company reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $2.03 billion for the quarter, compared to analysts' expectations of $1.93 billion. During the same quarter in the previous year, the company posted $1.86 EPS. The business's revenue was up 2.0% compared to the same quarter last year. On average, sell-side analysts expect that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current fiscal year.

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.