Wealth Enhancement Advisory Services LLC Invests $258,000 in Taylor Morrison Home Corporation (NYSE:TMHC)

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

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in shares of Taylor Morrison Home by 24.0% during the fourth quarter. JPMorgan Chase & Co. now owns 811,253 shares of the construction company's stock worth $49,657,000 after purchasing an additional 156,793 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Taylor Morrison Home during the first quarter worth $909,000. Farther Finance Advisors LLC lifted its position in shares of Taylor Morrison Home by 49.5% during the first quarter. Farther Finance Advisors LLC now owns 791 shares of the construction company's stock worth $48,000 after purchasing an additional 262 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of Taylor Morrison Home by 27.8% during the first quarter. Fifth Third Bancorp now owns 1,034 shares of the construction company's stock worth $62,000 after purchasing an additional 225 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Taylor Morrison Home by 20.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,672 shares of the construction company's stock worth $1,877,000 after purchasing an additional 5,307 shares in the last quarter. 95.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TMHC has been the topic of a number of recent research reports. BTIG Research set a $75.00 target price on shares of Taylor Morrison Home and gave the stock a "buy" rating in a research report on Wednesday, April 16th. Wedbush reissued an "outperform" rating and set a $85.00 target price on shares of Taylor Morrison Home in a research report on Wednesday, April 23rd. Bank of America started coverage on shares of Taylor Morrison Home in a research report on Monday, May 5th. They set a "buy" rating and a $70.00 target price on the stock. Wall Street Zen cut shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Sunday, June 1st. Finally, Barclays set a $69.00 price target on shares of Taylor Morrison Home and gave the company an "overweight" rating in a report on Thursday, April 24th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $76.88.

Taylor Morrison Home Stock Performance

Shares of NYSE:TMHC traded up $3.10 on Wednesday, reaching $65.66. 1,625,727 shares of the company's stock were exchanged, compared to its average volume of 942,816. The firm has a market capitalization of $6.59 billion, a price-to-earnings ratio of 7.63 and a beta of 1.57. Taylor Morrison Home Corporation has a fifty-two week low of $51.90 and a fifty-two week high of $75.49. The business's 50-day moving average is $59.09 and its two-hundred day moving average is $60.27. 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 for the quarter, topping analysts' consensus estimates of $1.85 by $0.33. The company had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.81 billion. Taylor Morrison Home had a net margin of 10.84% and a return on equity of 16.72%. The firm's revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.75 earnings per share. As a group, equities research analysts forecast that Taylor Morrison Home Corporation will post 8.93 EPS for the current year.

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.