GAMMA Investing LLC Increases Position in Taylor Morrison Home Co. (NYSE:TMHC)

GAMMA Investing LLC raised its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 17,494.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,467 shares of the construction company’s stock after buying an additional 40,237 shares during the period. GAMMA Investing LLC’s holdings in Taylor Morrison Home were worth $2,430,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Northern Trust Corp boosted its position in shares of Taylor Morrison Home by 13.4% during the fourth quarter. Northern Trust Corp now owns 1,670,241 shares of the construction company’s stock valued at $102,235,000 after buying an additional 197,880 shares during the period. Norges Bank purchased a new stake in shares of Taylor Morrison Home in the fourth quarter valued at approximately $93,810,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Taylor Morrison Home by 1.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,369,832 shares of the construction company’s stock valued at $83,847,000 after purchasing an additional 20,908 shares during the period. Fisher Asset Management LLC boosted its holdings in shares of Taylor Morrison Home by 9.0% in the fourth quarter. Fisher Asset Management LLC now owns 1,255,266 shares of the construction company’s stock valued at $76,835,000 after purchasing an additional 103,289 shares during the period. Finally, Nuveen Asset Management LLC boosted its holdings in shares of Taylor Morrison Home by 1.6% in the fourth quarter. Nuveen Asset Management LLC now owns 952,988 shares of the construction company’s stock valued at $58,332,000 after purchasing an additional 14,590 shares during the period. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Trading Up 1.0%

NYSE TMHC opened at $59.32 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.94 and a current ratio of 6.39. The firm has a market cap of $5.95 billion, a PE ratio of 7.16 and a beta of 1.57. Taylor Morrison Home Co. has a one year low of $51.90 and a one year high of $75.49. The firm’s fifty day moving average is $57.50 and its two-hundred day moving average is $61.24.

Taylor Morrison Home (NYSE:TMHC) last issued its earnings results on Wednesday, April 23rd. The construction company reported $2.18 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.33. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.81 billion. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.75 earnings per share. Analysts expect that Taylor Morrison Home Co. will post 8.93 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on TMHC. Seaport Res Ptn raised shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 6th. BTIG Research set a $75.00 price objective on shares of Taylor Morrison Home and gave the stock a “buy” rating in a research note on Wednesday, April 16th. Wedbush reaffirmed an “outperform” rating and set a $85.00 price target on shares of Taylor Morrison Home in a research report on Wednesday, April 23rd. Bank of America started coverage on Taylor Morrison Home in a research report on Monday, May 5th. They set a “buy” rating and a $70.00 price target on the stock. Finally, Wall Street Zen downgraded Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Sunday, June 1st. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $76.88.

About Taylor Morrison Home

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.