Lazard Asset Management LLC raised its holdings in Taylor Morrison Home Co. (NYSE:TMHC – Get Rating) by 348.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,389 shares of the construction company’s stock after acquiring an additional 5,740 shares during the period. Lazard Asset Management LLC’s holdings in Taylor Morrison Home were worth $172,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of TMHC. Assetmark Inc. boosted its stake in shares of Taylor Morrison Home by 119.6% during the second quarter. Assetmark Inc. now owns 1,221 shares of the construction company’s stock valued at $29,000 after purchasing an additional 665 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Taylor Morrison Home during the first quarter valued at about $77,000. Covestor Ltd boosted its stake in shares of Taylor Morrison Home by 100.5% during the first quarter. Covestor Ltd now owns 3,072 shares of the construction company’s stock valued at $84,000 after purchasing an additional 1,540 shares in the last quarter. Pinebridge Investments L.P. acquired a new stake in shares of Taylor Morrison Home during the first quarter valued at about $103,000. Finally, Prospera Financial Services Inc acquired a new stake in shares of Taylor Morrison Home during the first quarter valued at about $121,000. Institutional investors own 95.05% of the company’s stock.
Analyst Ratings Changes
A number of brokerages have recently commented on TMHC. StockNews.com lowered Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Saturday, October 29th. TheStreet downgraded Taylor Morrison Home from a “b-” rating to a “c+” rating in a report on Tuesday, September 27th. Wells Fargo & Company boosted their price objective on Taylor Morrison Home from $25.00 to $30.00 and gave the company an “equal weight” rating in a report on Thursday, July 28th. BTIG Research downgraded Taylor Morrison Home from a “buy” rating to a “neutral” rating in a report on Thursday, October 27th. Finally, B. Riley decreased their price target on Taylor Morrison Home from $26.00 to $25.00 in a report on Thursday, October 27th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $30.29.
Insider Activity at Taylor Morrison Home
Taylor Morrison Home Price Performance
Shares of Taylor Morrison Home stock opened at $27.60 on Monday. The company has a current ratio of 5.24, a quick ratio of 0.57 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $2.99 billion, a PE ratio of 3.14 and a beta of 1.69. The business’s 50-day moving average price is $25.36 and its 200-day moving average price is $25.99. Taylor Morrison Home Co. has a 12 month low of $20.05 and a 12 month high of $35.51.
Taylor Morrison Home (NYSE:TMHC – Get Rating) last announced its quarterly earnings data on Wednesday, October 26th. The construction company reported $2.72 EPS for the quarter, beating the consensus estimate of $2.50 by $0.22. The firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.18 billion. Taylor Morrison Home had a return on equity of 24.70% and a net margin of 12.75%. Sell-side analysts forecast that Taylor Morrison Home Co. will post 9.31 EPS for the current fiscal year.
Taylor Morrison Home Company 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 also develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name; and offers title insurance and closing settlement services, as well as financial services.
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