SG Americas Securities LLC Invests $909,000 in Taylor Morrison Home Corporation (NYSE:TMHC)

SG Americas Securities LLC bought a new stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 15,147 shares of the construction company's stock, valued at approximately $909,000.

Other large investors also recently added to or reduced their stakes in the company. Morse Asset Management Inc bought a new position in shares of Taylor Morrison Home during the 4th quarter valued at about $29,000. GAMMA Investing LLC lifted its position in shares of Taylor Morrison Home by 193.0% in the first quarter. GAMMA Investing LLC now owns 674 shares of the construction company's stock worth $40,000 after buying an additional 444 shares in the last quarter. Quarry LP lifted its position in shares of Taylor Morrison Home by 202.1% in the fourth quarter. Quarry LP now owns 704 shares of the construction company's stock worth $43,000 after buying an additional 471 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in Taylor Morrison Home by 49.5% during the first quarter. Farther Finance Advisors LLC now owns 791 shares of the construction company's stock valued at $48,000 after buying an additional 262 shares during the last quarter. Finally, SRS Capital Advisors Inc. bought a new position in Taylor Morrison Home during the fourth quarter valued at approximately $51,000. 95.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TMHC. Barclays set a $69.00 price objective on Taylor Morrison Home and gave the stock an "overweight" rating in a research note on Thursday, April 24th. BTIG Research set a $75.00 target price on shares of Taylor Morrison Home and gave the company a "buy" rating in a report on Wednesday, April 16th. Bank of America assumed coverage on shares of Taylor Morrison Home in a research report on Monday, May 5th. They issued a "buy" rating and a $70.00 price target on the stock. Wedbush reiterated an "outperform" rating and set a $85.00 price objective on shares of Taylor Morrison Home in a research report on Wednesday, April 23rd. Finally, Wall Street Zen downgraded shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Sunday, June 1st. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $76.88.

Taylor Morrison Home Trading Up 2.3%

Taylor Morrison Home stock traded up $1.31 during trading hours on Friday, hitting $58.73. The company had a trading volume of 1,915,042 shares, compared to its average volume of 927,612. The firm has a market cap of $5.90 billion, a P/E ratio of 6.83 and a beta of 1.57. The company has a 50-day moving average price of $57.77 and a two-hundred day moving average price of $60.52. Taylor Morrison Home Corporation has a 1 year low of $51.90 and a 1 year high of $75.49. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.86 and a current ratio of 6.45.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The construction company reported $2.18 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.81 billion. During the same period last year, the business posted $1.75 EPS. Taylor Morrison Home's quarterly revenue was up 11.5% on a year-over-year basis. On average, sell-side analysts anticipate that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current 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.