Taylor Morrison Home Corporation (NYSE:TMHC) Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC boosted its position in Taylor Morrison Home Corporation (NYSE:TMHC) by 6.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,449 shares of the construction company’s stock after purchasing an additional 197 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Taylor Morrison Home were worth $207,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Taylor Morrison Home in the 4th quarter valued at approximately $93,810,000. Assenagon Asset Management S.A. boosted its holdings in shares of Taylor Morrison Home by 80.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 912,064 shares of the construction company’s stock worth $54,760,000 after buying an additional 405,875 shares during the period. Boston Partners boosted its holdings in Taylor Morrison Home by 88.7% in the 4th quarter. Boston Partners now owns 594,347 shares of the construction company’s stock valued at $36,794,000 after purchasing an additional 279,361 shares during the period. Cubist Systematic Strategies LLC bought a new stake in Taylor Morrison Home in the 4th quarter valued at $14,736,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of Taylor Morrison Home in the 4th quarter valued at $13,332,000. 95.16% of the stock is currently owned by institutional investors.

Taylor Morrison Home Stock Up 0.1%

Taylor Morrison Home stock opened at $63.06 on Friday. The company has a market cap of $6.33 billion, a PE ratio of 7.33 and a beta of 1.57. The business’s 50-day simple moving average is $59.91 and its two-hundred day simple moving average is $60.42. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.86 and a current ratio of 6.45. Taylor Morrison Home Corporation has a fifty-two week low of $51.90 and a fifty-two week high of $75.49.

Taylor Morrison Home (NYSE:TMHC) last announced 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 business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the prior year, the firm earned $1.75 earnings per share. The business’s revenue was up 11.5% compared to the same quarter last year. Equities analysts anticipate that Taylor Morrison Home Corporation will post 8.93 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on TMHC shares. Wedbush reiterated an “outperform” rating and set a $85.00 price target on shares of Taylor Morrison Home in a research report on Wednesday, April 23rd. Wall Street Zen lowered shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Sunday, June 1st. Barclays set a $69.00 price objective on shares of Taylor Morrison Home and gave the stock an “overweight” rating in a research report on Thursday, April 24th. BTIG Research set a $75.00 target price on shares of Taylor Morrison Home and gave the stock a “buy” rating in a report on Wednesday, April 16th. Finally, Bank of America began coverage on shares of Taylor Morrison Home in a report on Monday, May 5th. They issued a “buy” rating and a $70.00 price objective on the stock. Two investment 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 stock presently has a consensus 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.