Bridges Investment Management Inc. Grows Stock Holdings in Taylor Morrison Home Corporation (NYSE:TMHC)

Bridges Investment Management Inc. grew its stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 111.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,385 shares of the construction company's stock after buying an additional 16,531 shares during the quarter. Bridges Investment Management Inc.'s holdings in Taylor Morrison Home were worth $1,884,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of TMHC. Norges Bank purchased a new stake in Taylor Morrison Home during the 4th quarter valued at $93,810,000. Assenagon Asset Management S.A. raised its stake in shares of Taylor Morrison Home by 80.2% during the first quarter. Assenagon Asset Management S.A. now owns 912,064 shares of the construction company's stock valued at $54,760,000 after acquiring an additional 405,875 shares during the last quarter. Boston Partners boosted its holdings in shares of Taylor Morrison Home by 88.7% during the fourth quarter. Boston Partners now owns 594,347 shares of the construction company's stock worth $36,794,000 after purchasing an additional 279,361 shares during the period. Cubist Systematic Strategies LLC bought a new stake in shares of Taylor Morrison Home in the fourth quarter worth about $14,736,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of Taylor Morrison Home in the fourth quarter worth about $13,332,000. Hedge funds and other institutional investors own 95.16% of the company's stock.

Taylor Morrison Home Stock Down 1.4%

Shares of TMHC stock traded down $0.91 during trading hours on Friday, hitting $64.74. 874,682 shares of the company's stock traded hands, compared to its average volume of 945,543. The stock has a market cap of $6.50 billion, a price-to-earnings ratio of 7.53 and a beta of 1.57. The stock's fifty day simple moving average is $59.54 and its two-hundred day simple moving average is $60.36. Taylor Morrison Home Corporation has a 12-month low of $51.90 and a 12-month high of $75.49. 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 (NYSE:TMHC - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The construction company reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the prior year, the firm posted $1.75 earnings per share. The business's revenue was up 11.5% on a year-over-year basis. On average, analysts expect that Taylor Morrison Home Corporation will post 8.93 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on TMHC shares. 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 target for the company. Wedbush reaffirmed an "outperform" rating and issued a $85.00 price target on shares of Taylor Morrison Home in a research note on Wednesday, April 23rd. Wall Street Zen lowered shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Sunday, June 1st. BTIG Research set a $75.00 target price on shares of Taylor Morrison Home and gave the company a "buy" rating in a research note on Wednesday, April 16th. Finally, Barclays set a $69.00 price target on shares of Taylor Morrison Home and gave the company an "overweight" rating in a research report on Thursday, April 24th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Taylor Morrison Home presently has a consensus rating of "Moderate Buy" and a consensus target price of $76.88.

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.