Taylor Morrison Home Corporation (NYSE:TMHC) Stock Position Raised by Cerity Partners LLC

Cerity Partners LLC raised its position in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 15.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,507 shares of the construction company’s stock after purchasing an additional 3,311 shares during the quarter. Cerity Partners LLC’s holdings in Taylor Morrison Home were worth $1,471,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of TMHC. Raymond James Financial Inc. acquired a new stake in shares of Taylor Morrison Home in the 4th quarter valued at about $5,031,000. HighTower Advisors LLC raised its holdings in shares of Taylor Morrison Home by 28.2% in the 4th quarter. HighTower Advisors LLC now owns 12,394 shares of the construction company’s stock valued at $759,000 after purchasing an additional 2,729 shares during the period. Xponance Inc. lifted its position in shares of Taylor Morrison Home by 5.3% in the fourth quarter. Xponance Inc. now owns 15,411 shares of the construction company’s stock valued at $943,000 after buying an additional 769 shares during the last quarter. Teacher Retirement System of Texas increased its holdings in shares of Taylor Morrison Home by 11.3% in the fourth quarter. Teacher Retirement System of Texas now owns 84,671 shares of the construction company’s stock valued at $5,183,000 after purchasing an additional 8,617 shares during the last quarter. Finally, Quantbot Technologies LP grew its stake in Taylor Morrison Home by 31.1% in the 4th quarter. Quantbot Technologies LP now owns 35,915 shares of the construction company’s stock valued at $2,198,000 after buying an additional 8,513 shares during the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Taylor Morrison Home Stock Down 0.7%

Taylor Morrison Home stock opened at $62.19 on Tuesday. The stock has a market cap 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 quick ratio of 0.86 and a current ratio of 6.45. The stock has a fifty day moving average of $59.99 and a 200 day moving average of $60.43. Taylor Morrison Home Corporation has a one year low of $51.90 and a one year high of $75.49.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings results on Wednesday, April 23rd. The construction company reported $2.18 EPS for the quarter, topping the consensus estimate of $1.85 by $0.33. Taylor Morrison Home had a net margin of 10.84% and a return on equity of 16.72%. The business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the previous year, the company earned $1.75 EPS. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. As a group, sell-side analysts predict that Taylor Morrison Home Corporation will post 8.93 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on TMHC shares. 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. BTIG Research set a $75.00 target price on shares of Taylor Morrison Home and gave the stock a “buy” rating in a research report on Wednesday, April 16th. Wedbush restated an “outperform” rating and issued a $85.00 price target on shares of Taylor Morrison Home in a research report on Wednesday, April 23rd. Bank of America assumed coverage on Taylor Morrison Home in a research note on Monday, May 5th. They issued a “buy” rating and a $70.00 price target for the company. Finally, 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. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Taylor Morrison Home has an average 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.