Taylor Morrison Home Corporation (NYSE:TMHC) Shares Purchased by Fifth Third Bancorp

Fifth Third Bancorp boosted its holdings in Taylor Morrison Home Corporation (NYSE:TMHC) by 27.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,034 shares of the construction company’s stock after buying an additional 225 shares during the quarter. Fifth Third Bancorp’s holdings in Taylor Morrison Home were worth $62,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of TMHC. Morse Asset Management Inc acquired a new position in shares of Taylor Morrison Home in the 4th quarter worth $29,000. GAMMA Investing LLC increased its stake in Taylor Morrison Home by 193.0% in the 1st quarter. GAMMA Investing LLC now owns 674 shares of the construction company’s stock worth $40,000 after purchasing an additional 444 shares in the last quarter. Quarry LP increased its stake in Taylor Morrison Home by 202.1% in the 4th quarter. Quarry LP now owns 704 shares of the construction company’s stock worth $43,000 after purchasing an additional 471 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Taylor Morrison Home by 49.5% in the 1st quarter. Farther Finance Advisors LLC now owns 791 shares of the construction company’s stock worth $48,000 after purchasing an additional 262 shares in the last quarter. Finally, SRS Capital Advisors Inc. purchased a new position in shares of Taylor Morrison Home in the fourth quarter worth approximately $51,000. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Taylor Morrison Home Trading Up 2.3%

Taylor Morrison Home stock opened at $58.73 on Friday. The company’s fifty day simple moving average is $57.77 and its 200-day simple moving average is $60.59. The company has a quick ratio of 0.86, a current ratio of 6.45 and a debt-to-equity ratio of 0.35. Taylor Morrison Home Corporation has a 12 month low of $51.90 and a 12 month high of $75.49. The stock has a market cap of $5.90 billion, a P/E ratio of 6.83 and a beta of 1.57.

Taylor Morrison Home (NYSE:TMHC) last issued its earnings results on Wednesday, April 23rd. The construction company reported $2.18 EPS for the quarter, beating 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 firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the previous year, the company posted $1.75 earnings per share. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Taylor Morrison Home Corporation will post 8.93 EPS for the current fiscal year.

Analyst Ratings Changes

TMHC has been the topic of several analyst reports. Bank of America assumed coverage on shares of Taylor Morrison Home in a research report on Monday, May 5th. They issued a “buy” rating and a $70.00 target price on the stock. Wall Street Zen cut shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Sunday, June 1st. Barclays set a $69.00 price target on Taylor Morrison Home and gave the company an “overweight” rating in a report on Thursday, April 24th. Wedbush reiterated an “outperform” rating and set a $85.00 price target on shares of Taylor Morrison Home in a report on Wednesday, April 23rd. Finally, BTIG Research set a $75.00 price target on Taylor Morrison Home and gave the company a “buy” rating in a report on Wednesday, April 16th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.