Oppenheimer & Co. Inc. grew its position in Taylor Morrison Home Corp (NYSE:TMHC) by 1.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 125,174 shares of the construction company’s stock after acquiring an additional 2,267 shares during the quarter. Oppenheimer & Co. Inc. owned approximately 0.09% of Taylor Morrison Home worth $1,376,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of TMHC. Pacitti Group Inc. bought a new position in Taylor Morrison Home during the 4th quarter worth $28,000. Nisa Investment Advisors LLC grew its stake in Taylor Morrison Home by 123.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,340 shares of the construction company’s stock worth $29,000 after buying an additional 740 shares during the last quarter. US Bancorp DE grew its stake in Taylor Morrison Home by 54.1% during the 4th quarter. US Bancorp DE now owns 1,435 shares of the construction company’s stock worth $31,000 after buying an additional 504 shares during the last quarter. Valeo Financial Advisors LLC bought a new position in Taylor Morrison Home during the 4th quarter worth $44,000. Finally, Sandy Spring Bank grew its stake in Taylor Morrison Home by 300.0% during the 1st quarter. Sandy Spring Bank now owns 4,000 shares of the construction company’s stock worth $44,000 after buying an additional 3,000 shares during the last quarter. Institutional investors and hedge funds own 90.84% of the company’s stock.
Shares of TMHC stock opened at $18.16 on Friday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.96 and a current ratio of 8.01. The firm has a market capitalization of $2.22 billion, a PE ratio of 11.07 and a beta of 1.57. The stock has a fifty day moving average of $12.79 and a two-hundred day moving average of $19.82. Taylor Morrison Home Corp has a 1 year low of $6.39 and a 1 year high of $28.47.
Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings data on Wednesday, May 6th. The construction company reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.06. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.25 billion. Taylor Morrison Home had a return on equity of 12.35% and a net margin of 3.32%. The company’s revenue was up 45.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.49 earnings per share. Equities research analysts predict that Taylor Morrison Home Corp will post 2.28 earnings per share for the current fiscal year.
A number of research analysts recently commented on the company. Royal Bank of Canada restated a “buy” rating and set a $18.00 price objective on shares of Taylor Morrison Home in a research note on Thursday, March 26th. ValuEngine downgraded Taylor Morrison Home from a “sell” rating to a “strong sell” rating in a research note on Wednesday, February 26th. Wells Fargo & Co boosted their price target on Taylor Morrison Home from $14.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 12th. Barclays reiterated a “hold” rating and set a $15.00 price target on shares of Taylor Morrison Home in a research report on Tuesday, March 31st. Finally, B. Riley reduced their price target on Taylor Morrison Home from $23.00 to $19.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $14.83.
In other news, CAO Joseph Terracciano sold 3,259 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $26.48, for a total value of $86,298.32. Following the completion of the sale, the chief accounting officer now owns 1,752 shares in the company, valued at $46,392.96. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.90% of the company’s stock.
Taylor Morrison Home Company Profile
Taylor Morrison Home Corporation operates as a public homebuilder in the United States. The company designs, builds, and sells single-family and multi-family attached and detached 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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