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Wealth Enhancement Advisory Services LLC Takes Position in Taylor Morrison Home Corporation (NYSE:TMHC)

Taylor Morrison Home logo with Construction background

Wealth Enhancement Advisory Services LLC acquired a new stake in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,301 shares of the construction company's stock, valued at approximately $258,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in TMHC. Smartleaf Asset Management LLC grew its position in shares of Taylor Morrison Home by 41.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company's stock valued at $51,000 after purchasing an additional 243 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of Taylor Morrison Home in the fourth quarter valued at $4,489,000. Raymond James Financial Inc. acquired a new position in Taylor Morrison Home in the fourth quarter valued at $5,031,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Taylor Morrison Home by 20.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,672 shares of the construction company's stock valued at $1,877,000 after acquiring an additional 5,307 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in Taylor Morrison Home by 22.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 14,600 shares of the construction company's stock valued at $894,000 after acquiring an additional 2,700 shares during the last quarter. Hedge funds and other institutional investors own 95.16% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Wedbush reiterated an "outperform" rating and issued a $85.00 target price on shares of Taylor Morrison Home in a report 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. BTIG Research set a $75.00 target price on Taylor Morrison Home and gave the company a "buy" rating in a report on Wednesday, April 16th. Bank of America began coverage on Taylor Morrison Home in a report on Monday, May 5th. They issued a "buy" rating and a $70.00 target price on the stock. Finally, Barclays set a $69.00 price objective on Taylor Morrison Home and gave the company an "overweight" rating in a research report on Thursday, April 24th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Taylor Morrison Home currently has an average rating of "Moderate Buy" and a consensus target price of $76.88.

View Our Latest Stock Analysis on Taylor Morrison Home

Taylor Morrison Home Stock Down 1.4%

NYSE TMHC traded down $0.91 during mid-day trading on Friday, reaching $64.74. 874,682 shares of the company's stock traded hands, compared to its average volume of 945,543. The company has a current ratio of 6.45, a quick ratio of 0.86 and a debt-to-equity ratio of 0.35. Taylor Morrison Home Corporation has a 1-year low of $51.90 and a 1-year high of $75.49. The company has a fifty day simple moving average of $59.54 and a 200-day simple moving average of $60.37. The company has a market cap 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 announced its earnings results on Wednesday, April 23rd. The construction company reported $2.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.85 by $0.33. Taylor Morrison Home had a return on equity of 16.72% and a net margin of 10.84%. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period in the prior year, the company posted $1.75 EPS. Taylor Morrison Home's quarterly revenue was up 11.5% on a year-over-year basis. As a group, equities research analysts expect that Taylor Morrison Home Corporation will post 8.93 EPS for the current year.

Taylor Morrison Home Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Taylor Morrison Home (NYSE:TMHC)

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