Taylor Morrison Home Corporation (NYSE:TMHC) Shares Bought by US Bancorp DE

US Bancorp DE lifted its position in Taylor Morrison Home Corporation (NYSE:TMHC) by 21.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,002 shares of the construction company’s stock after acquiring an additional 881 shares during the quarter. US Bancorp DE’s holdings in Taylor Morrison Home were worth $300,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in TMHC. Morse Asset Management Inc acquired a new position in Taylor Morrison Home during the 4th quarter valued at approximately $29,000. GAMMA Investing LLC boosted its position in Taylor Morrison Home by 193.0% during the 1st quarter. GAMMA Investing LLC now owns 674 shares of the construction company’s stock valued at $40,000 after purchasing an additional 444 shares during the period. Quarry LP boosted its position in Taylor Morrison Home by 202.1% during the 4th quarter. Quarry LP now owns 704 shares of the construction company’s stock valued at $43,000 after purchasing an additional 471 shares during the period. Farther Finance Advisors LLC boosted its position in Taylor Morrison Home by 49.5% during 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 during the period. Finally, Harbor Capital Advisors Inc. boosted its position in Taylor Morrison Home by 50.2% during the 1st quarter. Harbor Capital Advisors Inc. now owns 844 shares of the construction company’s stock valued at $51,000 after purchasing an additional 282 shares during the period. Institutional investors and hedge funds own 95.16% of the company’s stock.

Analyst Ratings Changes

TMHC has been the subject of a number of analyst reports. Wedbush restated an “outperform” rating and set a $85.00 price objective on shares of Taylor Morrison Home in a research report on Wednesday, April 23rd. Barclays set a $69.00 price objective on Taylor Morrison Home and gave the company an “overweight” rating in a research report on Thursday, April 24th. BTIG Research set a $75.00 price objective on Taylor Morrison Home and gave the company a “buy” rating in a research report on Wednesday, April 16th. Seaport Res Ptn upgraded Taylor Morrison Home from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 23rd. Finally, Wall Street Zen lowered Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Sunday, June 1st. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Taylor Morrison Home currently has an average rating of “Buy” and a consensus target price of $76.88.

Taylor Morrison Home Trading Up 4.8%

Shares of Taylor Morrison Home stock opened at $69.28 on Thursday. The company has a quick ratio of 0.74, a current ratio of 6.54 and a debt-to-equity ratio of 0.35. The firm has a market cap of $6.95 billion, a price-to-earnings ratio of 8.00 and a beta of 1.53. The business has a fifty day simple moving average of $61.92 and a 200-day simple moving average of $60.46. 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 quarterly earnings data on Wednesday, July 23rd. The construction company reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.08. The business had revenue of $2.03 billion during the quarter, compared to analyst estimates of $1.93 billion. Taylor Morrison Home had a return on equity of 16.22% and a net margin of 10.72%. The company’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.86 earnings per share. On average, equities analysts forecast that Taylor Morrison Home Corporation will post 8.93 EPS for the current fiscal year.

Insider Buying and Selling at Taylor Morrison Home

In other news, CFO Curtis Vanhyfte sold 9,754 shares of the business’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $65.22, for a total transaction of $636,155.88. Following the sale, the chief financial officer directly owned 14,163 shares of the company’s stock, valued at $923,710.86. The trade was a 40.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.40% of the stock is currently owned by company insiders.

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.