SG Americas Securities LLC Buys Shares of 15,147 Taylor Morrison Home Corporation (NYSE:TMHC)

SG Americas Securities LLC purchased a new position in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 15,147 shares of the construction company's stock, valued at approximately $909,000.

Other large investors also recently made changes to their positions in the company. Rhumbline Advisers lifted its holdings in Taylor Morrison Home by 0.8% in the 4th quarter. Rhumbline Advisers now owns 354,020 shares of the construction company's stock worth $21,670,000 after purchasing an additional 2,844 shares during the last quarter. Principal Securities Inc. raised its position in shares of Taylor Morrison Home by 22.2% in the fourth quarter. Principal Securities Inc. now owns 7,128 shares of the construction company's stock valued at $436,000 after purchasing an additional 1,297 shares during the period. Sanctuary Advisors LLC lifted its stake in shares of Taylor Morrison Home by 3.3% in the fourth quarter. Sanctuary Advisors LLC now owns 15,971 shares of the construction company's stock worth $1,063,000 after buying an additional 507 shares during the last quarter. CIBC Asset Management Inc lifted its stake in shares of Taylor Morrison Home by 5.5% in the fourth quarter. CIBC Asset Management Inc now owns 3,302 shares of the construction company's stock worth $202,000 after buying an additional 173 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its holdings in shares of Taylor Morrison Home by 2.5% during the 4th quarter. New York State Common Retirement Fund now owns 142,719 shares of the construction company's stock worth $8,736,000 after buying an additional 3,472 shares during the period. Institutional investors own 95.16% of the company's stock.

Taylor Morrison Home Price Performance

Shares of TMHC stock opened at $57.40 on Thursday. The stock has a 50 day moving average of $57.67 and a two-hundred day moving average of $60.80. The company has a current ratio of 6.45, a quick ratio of 0.86 and a debt-to-equity ratio of 0.35. Taylor Morrison Home Corporation has a 12 month low of $51.90 and a 12 month high of $75.49. The company has a market capitalization of $5.76 billion, a P/E ratio of 6.67 and a beta of 1.57.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The construction company reported $2.18 EPS for the quarter, topping analysts' consensus estimates of $1.85 by $0.33. Taylor Morrison Home had a return on equity of 16.72% and a net margin of 10.84%. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter last year, the company earned $1.75 EPS. The company's quarterly revenue was up 11.5% on a year-over-year basis. As a group, equities analysts expect that Taylor Morrison Home Corporation will post 8.93 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TMHC. Seaport Res Ptn upgraded shares of Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a report on Thursday, March 6th. Bank of America assumed coverage on Taylor Morrison Home in a research report on Monday, May 5th. They set a "buy" rating and a $70.00 price objective for the company. Wedbush reaffirmed an "outperform" rating and issued a $85.00 target price on shares of Taylor Morrison Home in a report on Wednesday, April 23rd. Wall Street Zen lowered Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Sunday, June 1st. Finally, BTIG Research set a $75.00 price objective on Taylor Morrison Home and gave the company a "buy" rating in a research report on Wednesday, April 16th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Taylor Morrison Home has a consensus rating of "Moderate Buy" and an average target price of $76.88.

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.

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