Ritholtz Wealth Management Buys 576 Shares of Taylor Morrison Home Corporation (NYSE:TMHC)

Ritholtz Wealth Management increased its stake in Taylor Morrison Home Corporation (NYSE:TMHC) by 3.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,027 shares of the construction company’s stock after purchasing an additional 576 shares during the period. Ritholtz Wealth Management’s holdings in Taylor Morrison Home were worth $1,082,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. CIBC Asset Management Inc boosted its stake in Taylor Morrison Home by 5.5% in the fourth quarter. CIBC Asset Management Inc now owns 3,302 shares of the construction company’s stock valued at $202,000 after buying an additional 173 shares in the last quarter. SummerHaven Investment Management LLC boosted its stake in Taylor Morrison Home by 1.6% in the first quarter. SummerHaven Investment Management LLC now owns 14,218 shares of the construction company’s stock valued at $854,000 after buying an additional 223 shares in the last quarter. Fifth Third Bancorp boosted its stake in Taylor Morrison Home by 27.8% in the first quarter. Fifth Third Bancorp now owns 1,034 shares of the construction company’s stock valued at $62,000 after buying an additional 225 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Taylor Morrison Home by 41.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company’s stock valued at $51,000 after buying an additional 243 shares in the last quarter. Finally, Savant Capital LLC boosted its stake in Taylor Morrison Home by 5.3% in the fourth quarter. Savant Capital LLC now owns 5,012 shares of the construction company’s stock valued at $307,000 after buying an additional 251 shares in the last quarter. Institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Stock Performance

Shares of TMHC stock opened at $57.25 on Wednesday. The business’s 50-day moving average price is $57.67 and its 200-day moving average price is $60.82. Taylor Morrison Home Corporation has a 12 month low of $51.90 and a 12 month high of $75.49. The firm has a market capitalization of $5.75 billion, a price-to-earnings ratio of 6.66 and a beta of 1.57. The company has a current ratio of 6.45, a quick ratio of 0.86 and a debt-to-equity ratio of 0.35.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings data on Wednesday, April 23rd. The construction company reported $2.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.33. Taylor Morrison Home had a return on equity of 16.72% and a net margin of 10.84%. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period last year, the company earned $1.75 earnings per share. The firm’s revenue was up 11.5% compared to the same quarter last year. Equities research analysts forecast that Taylor Morrison Home Corporation will post 8.93 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Wedbush reaffirmed an “outperform” rating and issued a $85.00 price objective on shares of Taylor Morrison Home in a research note on Wednesday, April 23rd. Barclays set a $69.00 price objective on Taylor Morrison Home and gave the company an “overweight” rating in a research note on Thursday, April 24th. Seaport Res Ptn raised 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 Taylor Morrison Home and gave the company a “buy” rating in a research note on Wednesday, April 16th. Finally, JPMorgan Chase & Co. cut their price target on Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.