Taylor Morrison Home Corp (TMHC) Position Lifted by Northern Trust Corp

Northern Trust Corp increased its position in shares of Taylor Morrison Home Corp (NYSE:TMHC) by 32.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,298,792 shares of the construction company’s stock after acquiring an additional 315,135 shares during the quarter. Northern Trust Corp owned about 1.16% of Taylor Morrison Home worth $30,235,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Taylor Morrison Home by 48.7% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,062 shares of the construction company’s stock worth $164,000 after acquiring an additional 2,314 shares in the last quarter. New York State Teachers Retirement System raised its stake in shares of Taylor Morrison Home by 57.1% during the 1st quarter. New York State Teachers Retirement System now owns 9,900 shares of the construction company’s stock worth $230,000 after acquiring an additional 3,600 shares in the last quarter. Stanley Laman Group Ltd. raised its stake in shares of Taylor Morrison Home by 12.6% during the 1st quarter. Stanley Laman Group Ltd. now owns 43,072 shares of the construction company’s stock worth $1,003,000 after acquiring an additional 4,835 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Taylor Morrison Home by 12.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 62,283 shares of the construction company’s stock worth $1,524,000 after acquiring an additional 6,846 shares in the last quarter. Finally, American International Group Inc. raised its stake in shares of Taylor Morrison Home by 15.9% during the 4th quarter. American International Group Inc. now owns 54,643 shares of the construction company’s stock worth $1,337,000 after acquiring an additional 7,506 shares in the last quarter. Hedge funds and other institutional investors own 99.13% of the company’s stock.

Several research analysts recently commented on the stock. ValuEngine lowered shares of Taylor Morrison Home from a “sell” rating to a “strong sell” rating in a research note on Saturday. Wells Fargo & Co set a $34.00 target price on shares of Taylor Morrison Home and gave the stock a “buy” rating in a research report on Friday, June 8th. Deutsche Bank boosted their target price on shares of Taylor Morrison Home from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Barclays dropped their target price on shares of Taylor Morrison Home from $28.00 to $25.00 and set a “hold” rating on the stock in a research report on Monday, March 26th. Finally, Zacks Investment Research downgraded shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. Taylor Morrison Home has a consensus rating of “Hold” and a consensus target price of $28.88.

NYSE:TMHC opened at $20.78 on Wednesday. The company has a market cap of $2.39 billion, a price-to-earnings ratio of 10.49, a P/E/G ratio of 0.70 and a beta of 1.39. Taylor Morrison Home Corp has a twelve month low of $19.68 and a twelve month high of $28.42. The company has a current ratio of 7.28, a quick ratio of 0.91 and a debt-to-equity ratio of 0.64.

Taylor Morrison Home (NYSE:TMHC) last released its earnings results on Wednesday, May 2nd. The construction company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.04. The company had revenue of $752.33 million for the quarter, compared to the consensus estimate of $785.62 million. Taylor Morrison Home had a net margin of 3.24% and a return on equity of 7.23%. Taylor Morrison Home’s revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.30 EPS. equities research analysts expect that Taylor Morrison Home Corp will post 2.61 earnings per share for the current year.

About Taylor Morrison Home

Taylor Morrison Home Corporation operates as a public homebuilder in the United States. The company designs, builds, and sells single-family detached and attached homes; and develops lifestyle and master-planned communities. It operates under the Taylor Morrison and Darling Homes brand names in Arizona, California, Colorado, Florida, Georgia, Illinois, North Carolina and Texas.

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

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