Cerity Partners LLC Has $1.47 Million Position in Taylor Morrison Home Corporation (NYSE:TMHC)

Cerity Partners LLC raised its holdings in Taylor Morrison Home Corporation (NYSE:TMHC) by 15.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,507 shares of the construction company’s stock after buying an additional 3,311 shares during the period. Cerity Partners LLC’s holdings in Taylor Morrison Home were worth $1,471,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in TMHC. Northern Trust Corp lifted its holdings in shares of Taylor Morrison Home by 13.4% during the 4th quarter. Northern Trust Corp now owns 1,670,241 shares of the construction company’s stock worth $102,235,000 after acquiring an additional 197,880 shares during the period. Norges Bank bought a new stake in shares of Taylor Morrison Home in the 4th quarter worth $93,810,000. Arrowstreet Capital Limited Partnership grew its position in Taylor Morrison Home by 1.5% during 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 buying an additional 20,908 shares during the period. Nuveen Asset Management LLC boosted its position in Taylor Morrison Home by 1.6% during the fourth quarter. Nuveen Asset Management LLC now owns 952,988 shares of the construction company’s stock worth $58,332,000 after purchasing an additional 14,590 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Taylor Morrison Home by 80.2% in the first 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 in the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

Wall Street Analyst Weigh In

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

Taylor Morrison Home Price Performance

TMHC opened at $62.19 on Tuesday. Taylor Morrison Home Corporation has a 1 year low of $51.90 and a 1 year high of $75.49. The firm has a market capitalization of $6.24 billion, a PE ratio of 7.23 and a beta of 1.57. 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 business’s 50-day moving average is $59.99 and its two-hundred day moving average is $60.43.

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 business 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 company’s revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.75 earnings per share. Research analysts anticipate that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current fiscal year.

Taylor Morrison Home Company 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.