Taylor Morrison Home Co. (NYSE:TMHC) Position Raised by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its position in shares of Taylor Morrison Home Co. (NYSE:TMHCFree Report) by 127.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 203,435 shares of the construction company’s stock after acquiring an additional 114,034 shares during the period. BNP Paribas Financial Markets owned 0.19% of Taylor Morrison Home worth $12,648,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Rise Advisors LLC bought a new position in Taylor Morrison Home in the 1st quarter worth about $26,000. ICA Group Wealth Management LLC bought a new position in Taylor Morrison Home in the 4th quarter worth approximately $27,000. Private Wealth Management Group LLC acquired a new stake in Taylor Morrison Home in the 4th quarter valued at approximately $39,000. Daiwa Securities Group Inc. bought a new stake in Taylor Morrison Home during the 4th quarter valued at $48,000. Finally, Headlands Technologies LLC acquired a new position in Taylor Morrison Home during the 4th quarter worth $81,000. Institutional investors and hedge funds own 95.16% of the company’s stock.

Insider Transactions at Taylor Morrison Home

In other news, CEO Sheryl Palmer sold 100,000 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $61.70, for a total transaction of $6,170,000.00. Following the sale, the chief executive officer now directly owns 19,211 shares of the company’s stock, valued at $1,185,318.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.50% of the company’s stock.

Taylor Morrison Home Price Performance

Shares of NYSE TMHC opened at $53.83 on Tuesday. The firm has a 50-day moving average of $56.76 and a two-hundred day moving average of $55.93. The company has a market capitalization of $5.69 billion, a price-to-earnings ratio of 7.70 and a beta of 1.95. The company has a current ratio of 6.16, a quick ratio of 0.91 and a debt-to-equity ratio of 0.39. Taylor Morrison Home Co. has a twelve month low of $37.23 and a twelve month high of $62.64.

Taylor Morrison Home (NYSE:TMHCGet Free Report) last released its earnings results on Tuesday, April 30th. The construction company reported $1.75 EPS for the quarter, beating the consensus estimate of $1.57 by $0.18. The business had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.66 billion. Taylor Morrison Home had a net margin of 10.30% and a return on equity of 15.75%. The business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.74 earnings per share. As a group, analysts expect that Taylor Morrison Home Co. will post 7.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TMHC shares. Royal Bank of Canada raised their price target on Taylor Morrison Home from $61.00 to $63.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Zelman & Associates upgraded shares of Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a research report on Friday, April 12th. Wedbush reaffirmed an “outperform” rating and issued a $61.00 price target on shares of Taylor Morrison Home in a research note on Thursday, May 30th. Finally, StockNews.com lowered shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Thursday, June 27th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $59.40.

View Our Latest Report on Taylor Morrison Home

About Taylor Morrison Home

(Free Report)

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.

See Also

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

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