Skandinaviska Enskilda Banken AB publ Sells 46,600 Shares of Taylor Morrison Home Corporation (NYSE:TMHC)

Skandinaviska Enskilda Banken AB publ lessened its stake in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 86.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,000 shares of the construction company's stock after selling 46,600 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in Taylor Morrison Home were worth $420,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Nisa Investment Advisors LLC increased its holdings in Taylor Morrison Home by 6.1% during the 1st quarter. Nisa Investment Advisors LLC now owns 3,449 shares of the construction company's stock worth $207,000 after purchasing an additional 197 shares in the last quarter. Avantax Advisory Services Inc. grew its holdings in Taylor Morrison Home by 3.5% during the first quarter. Avantax Advisory Services Inc. now owns 5,891 shares of the construction company's stock worth $354,000 after buying an additional 201 shares in the last quarter. Xponance Inc. raised its position in Taylor Morrison Home by 1.4% in the 1st quarter. Xponance Inc. now owns 15,631 shares of the construction company's stock valued at $938,000 after buying an additional 220 shares during the last quarter. SummerHaven Investment Management LLC lifted its stake in Taylor Morrison Home by 1.6% during the 1st quarter. SummerHaven Investment Management LLC now owns 14,218 shares of the construction company's stock valued at $854,000 after acquiring an additional 223 shares in the last quarter. Finally, Fifth Third Bancorp lifted its stake in Taylor Morrison Home by 27.8% during the 1st quarter. Fifth Third Bancorp now owns 1,034 shares of the construction company's stock valued at $62,000 after acquiring an additional 225 shares in the last quarter. Institutional investors and hedge funds own 95.16% of the company's stock.

Analysts Set New Price Targets

TMHC has been the subject of several analyst reports. 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. BTIG Research set a $75.00 target price on shares of Taylor Morrison Home and gave the stock a "buy" rating in a research report on Wednesday, April 16th. 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. Bank of America started coverage on Taylor Morrison Home in a research report on Monday, May 5th. They set a "buy" rating and a $70.00 price target for the company. Finally, Seaport Res Ptn upgraded Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 23rd. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $76.88.

Taylor Morrison Home Price Performance

NYSE TMHC traded up $2.47 on Friday, reaching $61.75. 1,392,083 shares of the company's stock traded hands, compared to its average volume of 1,262,934. The stock has a market cap of $6.20 billion, a PE ratio of 7.13 and a beta of 1.53. Taylor Morrison Home Corporation has a 12 month low of $51.90 and a 12 month high of $75.49. The stock has a 50-day simple moving average of $60.58 and a 200 day simple moving average of $60.49. 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 posted its earnings results on Wednesday, July 23rd. The construction company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.94 by $0.08. The firm had revenue of $2.03 billion during the quarter, compared to analysts' expectations of $1.93 billion. Taylor Morrison Home had a net margin of 10.72% and a return on equity of 16.22%. The company's quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the company posted $1.86 EPS. As a group, research analysts predict that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current year.

About Taylor Morrison Home

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.