Foster & Motley Inc. Has $2.14 Million Position in Taylor Morrison Home Corporation (NYSE:TMHC)

Key Points

• Foster & Motley Inc. increased its stake in Taylor Morrison Home Corporation by 47.5%, now owning 35,571 shares valued at approximately $2.14 million.
• Several institutional investors significantly boosted their holdings in Taylor Morrison Home, with LPL Financial increasing its stake by 258.4% and Norges Bank purchasing a new stake worth around $93.81 million.
• Taylor Morrison Home Corporation reported $2.02 earnings per share for the last quarter, exceeding analysts' expectations of $1.94, alongside a revenue increase of 2.0% year-over-year.

Foster & Motley Inc. boosted its stake in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 47.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,571 shares of the construction company's stock after purchasing an additional 11,455 shares during the period. Foster & Motley Inc.'s holdings in Taylor Morrison Home were worth $2,136,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Morse Asset Management Inc acquired a new stake in Taylor Morrison Home in the fourth quarter worth $29,000. GAMMA Investing LLC boosted its holdings 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 during the period. Quarry LP lifted its stake in Taylor Morrison Home by 202.1% in the 4th quarter. Quarry LP now owns 704 shares of the construction company's stock worth $43,000 after acquiring an additional 471 shares in the last quarter. Farther Finance Advisors LLC boosted its position 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 purchasing an additional 262 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased 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 last quarter. Institutional investors and hedge funds own 95.16% of the company's stock.

Analyst Upgrades and Downgrades

TMHC has been the subject of a number of recent analyst reports. Bank of America initiated coverage on shares of Taylor Morrison Home in a report on Monday, May 5th. They set a "buy" rating and a $70.00 price target for the company. Wall Street Zen cut shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a research report on Sunday, June 1st. Barclays set a $69.00 price objective 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 price target on shares of Taylor Morrison Home and gave the company a "buy" rating in a report on Wednesday, April 16th. Finally, Wedbush reiterated an "outperform" rating and set a $85.00 target price on shares of Taylor Morrison Home in a report on Wednesday, April 23rd. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $76.88.

Taylor Morrison Home Stock Up 1.4%

Shares of NYSE TMHC traded up $0.88 during midday trading on Monday, reaching $62.59. The company's stock had a trading volume of 286,088 shares, compared to its average volume of 1,071,692. The stock has a 50 day simple moving average of $60.58 and a 200-day simple moving average of $60.42. The company has a current ratio of 6.54, a quick ratio of 0.74 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $6.28 billion, a price-to-earnings ratio of 7.23 and a beta of 1.53. Taylor Morrison Home Corporation has a fifty-two week low of $51.90 and a fifty-two week high of $75.49.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last released its earnings results on Wednesday, July 23rd. The construction company reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.08. Taylor Morrison Home had a net margin of 10.72% and a return on equity of 16.22%. The business had revenue of $2.03 billion during the quarter, compared to analysts' expectations of $1.93 billion. During the same period last year, the business earned $1.86 earnings per share. The firm's revenue was up 2.0% on a year-over-year basis. Equities research analysts predict that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current year.

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.