Bridges Investment Management Inc. Raises Stake in Taylor Morrison Home Corporation (NYSE:TMHC)

Bridges Investment Management Inc. lifted its holdings in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 111.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,385 shares of the construction company's stock after acquiring an additional 16,531 shares during the period. Bridges Investment Management Inc.'s holdings in Taylor Morrison Home were worth $1,884,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TMHC. Morse Asset Management Inc bought a new position in shares of Taylor Morrison Home during the 4th quarter valued at approximately $29,000. GAMMA Investing LLC boosted 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 worth $40,000 after acquiring an additional 444 shares in the last quarter. Quarry LP lifted its position in Taylor Morrison Home by 202.1% during the 4th quarter. Quarry LP now owns 704 shares of the construction company's stock worth $43,000 after acquiring an additional 471 shares during the period. Farther Finance Advisors LLC boosted its holdings in Taylor Morrison Home by 49.5% in the first quarter. Farther Finance Advisors LLC now owns 791 shares of the construction company's stock valued at $48,000 after purchasing an additional 262 shares during the last quarter. Finally, Harbor Capital Advisors Inc. grew its stake in shares of Taylor Morrison Home by 50.2% during the 1st quarter. Harbor Capital Advisors Inc. now owns 844 shares of the construction company's stock worth $51,000 after purchasing an additional 282 shares during the period. Hedge funds and other institutional investors own 95.16% of the company's stock.

Taylor Morrison Home Stock Down 1.4%

TMHC traded down $0.91 on Friday, reaching $64.74. The company's stock had a trading volume of 874,682 shares, compared to its average volume of 945,452. The company has a quick ratio of 0.86, a current ratio of 6.45 and a debt-to-equity ratio of 0.35. Taylor Morrison Home Corporation has a fifty-two week low of $51.90 and a fifty-two week high of $75.49. The stock has a 50 day moving average of $59.54 and a two-hundred day moving average of $60.37. The company has a market capitalization of $6.50 billion, a price-to-earnings ratio of 7.53 and a beta of 1.57.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The construction company reported $2.18 EPS for the quarter, beating analysts' consensus estimates of $1.85 by $0.33. Taylor Morrison Home had a net margin of 10.84% and a return on equity of 16.72%. The firm 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 firm posted $1.75 EPS. The company's revenue was up 11.5% on a year-over-year basis. As a group, analysts forecast that Taylor Morrison Home Corporation will post 8.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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