Wealth Enhancement Advisory Services LLC Purchases Shares of 4,301 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) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 4,301 shares of the construction company's stock, valued at approximately $258,000.

A number of other large investors also recently bought and sold shares of TMHC. Smartleaf Asset Management LLC increased its stake in Taylor Morrison Home by 41.4% during the 4th 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 in the last quarter. Proficio Capital Partners LLC bought a new stake in Taylor Morrison Home during the 4th quarter valued at about $4,489,000. Raymond James Financial Inc. bought a new stake in Taylor Morrison Home during the 4th quarter valued at about $5,031,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Taylor Morrison Home by 20.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,672 shares of the construction company's stock valued at $1,877,000 after purchasing an additional 5,307 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in Taylor Morrison Home by 22.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 14,600 shares of the construction company's stock valued at $894,000 after purchasing an additional 2,700 shares in the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.

Taylor Morrison Home Stock Performance

NYSE TMHC traded down $0.91 during trading hours on Friday, hitting $64.74. 874,682 shares of the company's stock traded hands, compared to its average volume of 945,452. The business's fifty day moving average price is $59.54 and its two-hundred day moving average price is $60.37. The company has a current ratio of 6.45, a quick ratio of 0.86 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $6.50 billion, a P/E ratio of 7.53 and a beta of 1.57. Taylor Morrison Home Corporation has a 52 week low of $51.90 and a 52 week high of $75.49.

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 the consensus estimate of $1.85 by $0.33. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.75 earnings per share. Equities research analysts predict that Taylor Morrison Home Corporation will post 8.93 EPS for the current year.

Wall Street Analyst Weigh In

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