Victory Capital Management Inc. Has $47.67 Million Stock Holdings in Taylor Morrison Home Corporation (NYSE:TMHC)

Victory Capital Management Inc. increased its holdings in shares of Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 197.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 793,987 shares of the construction company's stock after purchasing an additional 526,819 shares during the period. Victory Capital Management Inc. owned approximately 0.78% of Taylor Morrison Home worth $47,671,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Morse Asset Management Inc bought a new position in Taylor Morrison Home during the fourth quarter valued at about $29,000. GAMMA Investing LLC increased its stake in Taylor Morrison Home by 193.0% during the first quarter. GAMMA Investing LLC now owns 674 shares of the construction company's stock valued at $40,000 after acquiring an additional 444 shares during the period. Quarry LP increased its stake in Taylor Morrison Home by 202.1% during the fourth quarter. Quarry LP now owns 704 shares of the construction company's stock valued at $43,000 after acquiring an additional 471 shares during the period. Farther Finance Advisors LLC increased its stake 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 acquiring an additional 262 shares during the period. Finally, Harbor Capital Advisors Inc. increased its stake in 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 acquiring an additional 282 shares during the period. Institutional investors and hedge funds own 95.16% of the company's stock.

Taylor Morrison Home Stock Down 0.7%

NYSE TMHC opened at $62.63 on Friday. The firm has a market cap of $6.29 billion, a PE ratio of 7.28 and a beta of 1.57. Taylor Morrison Home Corporation has a one year low of $51.90 and a one year high of $75.49. The stock's 50 day simple moving average is $59.99 and its 200 day simple moving average is $60.43. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.45 and a quick ratio of 0.86.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The construction company reported $2.18 EPS for the quarter, topping analysts' consensus estimates of $1.85 by $0.33. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.81 billion. Taylor Morrison Home had a return on equity of 16.72% and a net margin of 10.84%. Taylor Morrison Home's revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.75 EPS. As a group, sell-side analysts forecast that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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