World Investment Advisors Acquires New Holdings in Taylor Morrison Home Corporation (NYSE:TMHC)

World Investment Advisors acquired a new stake in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,304 shares of the construction company's stock, valued at approximately $318,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Morse Asset Management Inc purchased a new stake in shares of Taylor Morrison Home during the 4th quarter valued at $29,000. GAMMA Investing LLC increased its stake in Taylor Morrison Home by 193.0% during the 1st quarter. GAMMA Investing LLC now owns 674 shares of the construction company's stock worth $40,000 after buying an additional 444 shares during the period. Quarry LP lifted its stake in shares of Taylor Morrison Home by 202.1% in the fourth quarter. Quarry LP now owns 704 shares of the construction company's stock worth $43,000 after acquiring an additional 471 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of 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 position in shares of Taylor Morrison Home by 50.2% during the first quarter. Harbor Capital Advisors Inc. now owns 844 shares of the construction company's stock worth $51,000 after buying an additional 282 shares in the last quarter. Institutional investors and hedge funds own 95.16% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on TMHC. Wedbush reaffirmed an "outperform" rating and issued a $85.00 price target on shares of Taylor Morrison Home in a report on Wednesday, April 23rd. Wall Street Zen cut shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a research report on Sunday, June 1st. Bank of America started coverage on 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. Barclays set a $69.00 price objective on Taylor Morrison Home and gave the company an "overweight" rating in a research note on Thursday, April 24th. Finally, BTIG Research set a $75.00 target price on Taylor Morrison Home and gave the stock a "buy" rating in a research report on Wednesday, April 16th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $76.88.

Taylor Morrison Home Stock Performance

NYSE:TMHC traded down $0.91 during midday trading on Friday, reaching $64.74. 874,682 shares of the company traded hands, compared to its average volume of 945,452. The firm has a market capitalization of $6.50 billion, a price-to-earnings ratio of 7.53 and a beta of 1.57. The company has a fifty day moving average price of $59.54 and a 200 day moving average price of $60.37. 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 Corporation has a twelve month low of $51.90 and a twelve month high of $75.49.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last posted 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 analysts' expectations of $1.81 billion. During the same period last year, the business posted $1.75 earnings per share. The firm's quarterly revenue was up 11.5% compared to the same quarter last year. On average, analysts expect that Taylor Morrison Home Corporation will post 8.93 EPS for the current fiscal 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.