Vanguard Group Inc. Has $610.56 Million Position in Taylor Morrison Home Corporation $TMHC

Vanguard Group Inc. trimmed its position in shares of Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 3.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,169,169 shares of the construction company's stock after selling 329,666 shares during the period. Vanguard Group Inc. owned approximately 10.13% of Taylor Morrison Home worth $610,557,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of TMHC. Morse Asset Management Inc acquired a new position in Taylor Morrison Home in the fourth quarter worth about $29,000. GAMMA Investing LLC lifted 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 during the last quarter. Quarry LP lifted its stake in Taylor Morrison Home by 202.1% in the fourth quarter. Quarry LP now owns 704 shares of the construction company's stock valued at $43,000 after buying an additional 471 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Taylor Morrison Home by 49.5% during the 1st quarter. Farther Finance Advisors LLC now owns 791 shares of the construction company's stock valued at $48,000 after acquiring an additional 262 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its stake in shares of Taylor Morrison Home by 50.2% during the first quarter. Harbor Capital Advisors Inc. now owns 844 shares of the construction company's stock valued at $51,000 after purchasing an additional 282 shares in the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Taylor Morrison Home Stock Up 0.2%

Shares of NYSE:TMHC traded up $0.11 during midday trading on Monday, reaching $68.09. 382,266 shares of the company were exchanged, compared to its average volume of 1,068,022. The stock has a fifty day simple moving average of $62.33 and a two-hundred day simple moving average of $60.41. Taylor Morrison Home Corporation has a fifty-two week low of $51.90 and a fifty-two week high of $75.49. The firm has a market cap of $6.83 billion, a PE ratio of 7.86 and a beta of 1.53. The company has a quick ratio of 0.74, a current ratio of 6.54 and a debt-to-equity ratio of 0.35.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on TMHC shares. Wedbush restated an "outperform" rating and set a $85.00 price objective on shares of Taylor Morrison Home in a research note on Wednesday, April 23rd. Wall Street Zen downgraded 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 target price on Taylor Morrison Home and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Seaport Res Ptn raised Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 23rd. Finally, 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 on the stock. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $76.88.

Insider Buying and Selling at Taylor Morrison Home

In other Taylor Morrison Home news, CFO Curtis Vanhyfte sold 9,754 shares of the stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $65.22, for a total value of $636,155.88. Following the transaction, the chief financial officer directly owned 14,163 shares of the company's stock, valued at $923,710.86. This represents a 40.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is owned by insiders.

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.