Taylor Morrison Home Corporation (NYSE:TMHC) Shares Bought by KBC Group NV

KBC Group NV grew its position in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 16.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,987 shares of the construction company’s stock after buying an additional 714 shares during the quarter. KBC Group NV’s holdings in Taylor Morrison Home were worth $299,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in TMHC. Janney Montgomery Scott LLC raised its holdings in Taylor Morrison Home by 17.5% during the first quarter. Janney Montgomery Scott LLC now owns 8,056 shares of the construction company’s stock worth $484,000 after purchasing an additional 1,201 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Taylor Morrison Home by 24.0% during the 4th quarter. JPMorgan Chase & Co. now owns 811,253 shares of the construction company’s stock worth $49,657,000 after acquiring an additional 156,793 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Taylor Morrison Home during the 1st quarter worth approximately $909,000. State of Alaska Department of Revenue grew its holdings in shares of Taylor Morrison Home by 2.8% in the 1st quarter. State of Alaska Department of Revenue now owns 12,123 shares of the construction company’s stock worth $727,000 after acquiring an additional 325 shares during the period. Finally, 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 valued at $48,000 after purchasing an additional 262 shares in the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

Taylor Morrison Home Stock Performance

NYSE:TMHC opened at $63.45 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.45 and a quick ratio of 0.86. The firm has a market cap of $6.37 billion, a PE ratio of 7.38 and a beta of 1.57. The firm has a 50 day simple moving average of $58.87 and a 200-day simple moving average of $60.23. Taylor Morrison Home Corporation has a 1-year low of $51.90 and a 1-year high of $75.49.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings results on Wednesday, April 23rd. The construction company reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 16.72% and a net margin of 10.84%. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.75 EPS. On average, equities analysts expect that Taylor Morrison Home Corporation will post 8.93 EPS for the current year.

Wall Street Analyst Weigh In

TMHC has been the topic of a number of research analyst reports. Bank of America assumed coverage on Taylor Morrison Home in a research report on Monday, May 5th. They set a “buy” rating and a $70.00 target price on the stock. Wedbush reaffirmed an “outperform” rating and set a $85.00 price target on shares of Taylor Morrison Home in a research note on Wednesday, April 23rd. BTIG Research set a $75.00 price objective on shares of Taylor Morrison Home and gave the company a “buy” rating in a research note on Wednesday, April 16th. Barclays set a $69.00 price target on shares of Taylor Morrison Home and gave the company an “overweight” rating in a report on Thursday, April 24th. Finally, Wall Street Zen lowered shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Sunday, June 1st. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $76.88.

Taylor Morrison Home 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 develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name.