World Investment Advisors Invests $318,000 in Taylor Morrison Home Corporation (NYSE:TMHC)

World Investment Advisors bought a new position 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 Securities and Exchange Commission. The institutional investor bought 5,304 shares of the construction company's stock, valued at approximately $318,000.

Several other hedge funds have also recently bought and sold shares of the company. Morse Asset Management Inc acquired a new stake in Taylor Morrison Home during the 4th quarter valued at $29,000. GAMMA Investing LLC grew its holdings in Taylor Morrison Home by 193.0% during the 1st quarter. GAMMA Investing LLC now owns 674 shares of the construction company's stock valued at $40,000 after buying an additional 444 shares during the last quarter. Quarry LP grew its holdings in Taylor Morrison Home by 202.1% during the 4th 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 grew its holdings 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 buying an additional 262 shares during the last quarter. Finally, Harbor Capital Advisors Inc. grew its holdings in Taylor Morrison Home by 50.2% during the 1st quarter. Harbor Capital Advisors Inc. now owns 844 shares of the construction company's stock valued at $51,000 after buying an additional 282 shares during the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Wedbush reiterated an "outperform" rating and set a $85.00 target price on shares of Taylor Morrison Home in a report on Wednesday, April 23rd. 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. BTIG Research set a $75.00 price objective on Taylor Morrison Home and gave the company a "buy" rating in a research report on Wednesday, April 16th. Wall Street Zen downgraded Taylor Morrison Home from a "buy" rating to a "hold" rating in a research report on Sunday, June 1st. Finally, Bank of America began coverage on Taylor Morrison Home in a research report on Monday, May 5th. They issued a "buy" rating and a $70.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $76.88.

Taylor Morrison Home Trading Down 0.2%

Taylor Morrison Home stock traded down $0.13 during midday trading on Monday, reaching $64.60. The stock had a trading volume of 559,940 shares, compared to its average volume of 1,033,828. The stock's 50-day simple moving average is $59.54 and its 200 day simple moving average is $60.35. The stock has a market capitalization of $6.48 billion, a PE ratio of 7.51 and a beta of 1.57. Taylor Morrison Home Corporation has a twelve month low of $51.90 and a twelve month high of $75.49. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.86 and a current ratio of 6.45.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The construction company reported $2.18 EPS for the quarter, topping 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 analysts' expectations of $1.81 billion. During the same quarter in the previous year, the firm posted $1.75 earnings per share. The firm's quarterly revenue was up 11.5% on a year-over-year basis. Analysts expect that Taylor Morrison Home Corporation will post 8.93 EPS for the current year.

Taylor Morrison Home 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.