21,169 Shares in Taylor Morrison Home Corporation $TMHC Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. bought a new position in shares of Taylor Morrison Home Corporation (NYSE:TMHC) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 21,169 shares of the construction company’s stock, valued at approximately $1,300,000.

A number of other hedge funds also recently added to or reduced their stakes in TMHC. Banco Bilbao Vizcaya Argentaria S.A. acquired a new position in shares of Taylor Morrison Home during the 1st quarter worth $243,000. Arkadios Wealth Advisors acquired a new stake in Taylor Morrison Home in the 2nd quarter valued at about $359,000. Nordea Investment Management AB increased its holdings in Taylor Morrison Home by 3.9% during the 2nd quarter. Nordea Investment Management AB now owns 175,654 shares of the construction company’s stock valued at $10,722,000 after acquiring an additional 6,598 shares in the last quarter. American Century Companies Inc. raised its position in Taylor Morrison Home by 14.4% during the first quarter. American Century Companies Inc. now owns 877,305 shares of the construction company’s stock worth $52,673,000 after acquiring an additional 110,619 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Taylor Morrison Home during the first quarter worth about $1,403,000. 95.16% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Taylor Morrison Home

In other news, Director Anne L. Mariucci sold 14,002 shares of the stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $70.00, for a total transaction of $980,140.00. Following the transaction, the director directly owned 48,191 shares in the company, valued at $3,373,370. This represents a 22.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TMHC. Weiss Ratings raised shares of Taylor Morrison Home from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Royal Bank Of Canada lowered their target price on Taylor Morrison Home from $75.00 to $68.00 and set an “outperform” rating on the stock in a report on Thursday, October 23rd. Wedbush reissued an “outperform” rating and issued a $85.00 price target on shares of Taylor Morrison Home in a report on Thursday, October 23rd. Finally, Bank of America reduced their price objective on Taylor Morrison Home from $75.00 to $72.00 and set a “buy” rating on the stock in a research report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company. According to MarketBeat, Taylor Morrison Home has a consensus rating of “Buy” and an average target price of $75.29.

Taylor Morrison Home Trading Down 0.4%

Shares of Taylor Morrison Home stock opened at $62.45 on Friday. Taylor Morrison Home Corporation has a fifty-two week low of $51.90 and a fifty-two week high of $72.50. The business’s fifty day moving average is $61.57 and its two-hundred day moving average is $62.76. The company has a quick ratio of 1.02, a current ratio of 7.02 and a debt-to-equity ratio of 0.35. The firm has a market cap of $6.10 billion, a PE ratio of 7.52 and a beta of 1.57.

Taylor Morrison Home (NYSE:TMHC) last released its earnings results on Wednesday, October 22nd. The construction company reported $2.11 EPS for the quarter, beating the consensus estimate of $1.93 by $0.18. Taylor Morrison Home had a return on equity of 15.23% and a net margin of 10.16%.The firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same period in the prior year, the firm posted $2.40 earnings per share. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. Analysts anticipate that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current year.

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.