Assenagon Asset Management S.A. Has $43.87 Million Position in Taylor Morrison Home Corporation $TMHC

Assenagon Asset Management S.A. increased its holdings in Taylor Morrison Home Corporation (NYSE:TMHC) by 9.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 664,619 shares of the construction company’s stock after purchasing an additional 57,817 shares during the period. Assenagon Asset Management S.A. owned approximately 0.66% of Taylor Morrison Home worth $43,872,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Long Pond Capital LP raised its holdings in shares of Taylor Morrison Home by 132.4% in the 2nd quarter. Long Pond Capital LP now owns 1,561,586 shares of the construction company’s stock worth $95,913,000 after buying an additional 889,616 shares in the last quarter. Norges Bank bought a new stake in Taylor Morrison Home in the second quarter valued at $93,627,000. Charles Schwab Investment Management Inc. raised its stake in Taylor Morrison Home by 1.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,374,540 shares of the construction company’s stock worth $84,424,000 after acquiring an additional 20,902 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Taylor Morrison Home by 118.0% during the second quarter. AQR Capital Management LLC now owns 1,273,418 shares of the construction company’s stock valued at $77,933,000 after acquiring an additional 689,286 shares during the period. Finally, American Century Companies Inc. lifted its holdings in shares of Taylor Morrison Home by 21.9% during the second quarter. American Century Companies Inc. now owns 1,069,859 shares of the construction company’s stock valued at $65,711,000 after acquiring an additional 192,554 shares during the period. Institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Price Performance

TMHC opened at $61.46 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 7.02 and a quick ratio of 1.02. The company’s 50 day simple moving average is $60.88 and its 200-day simple moving average is $63.05. Taylor Morrison Home Corporation has a one year low of $51.90 and a one year high of $72.50. The stock has a market capitalization of $6.01 billion, a P/E ratio of 7.40 and a beta of 1.57.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TMHC. Bank of America dropped their target price on shares of Taylor Morrison Home from $75.00 to $72.00 and set a “buy” rating for the company in a research report on Friday, October 10th. Royal Bank Of Canada dropped their price objective on shares of Taylor Morrison Home from $75.00 to $68.00 and set an “outperform” rating for the company in a report on Thursday, October 23rd. Wedbush reissued an “outperform” rating and issued a $85.00 target price on shares of Taylor Morrison Home in a report on Thursday, October 23rd. Barclays reaffirmed an “overweight” rating and set a $71.00 price target on shares of Taylor Morrison Home in a report on Monday, December 8th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Taylor Morrison Home in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $75.57.

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.