Eurizon Capital SGR S.p.A. Buys New Stake in Taylor Morrison Home Corporation $TMHC

Eurizon Capital SGR S.p.A. bought a new stake in Taylor Morrison Home Corporation (NYSE:TMHC) in the fourth quarter, HoldingsChannel.com reports. The fund bought 10,230 shares of the construction company’s stock, valued at approximately $603,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of TMHC. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Taylor Morrison Home by 5.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 299,888 shares of the construction company’s stock valued at $18,005,000 after purchasing an additional 16,379 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Taylor Morrison Home by 30.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 899 shares of the construction company’s stock valued at $55,000 after purchasing an additional 211 shares in the last quarter. M&T Bank Corp purchased a new position in shares of Taylor Morrison Home in the second quarter valued at $262,000. EverSource Wealth Advisors LLC grew its holdings in shares of Taylor Morrison Home by 406.8% in the second quarter. EverSource Wealth Advisors LLC now owns 897 shares of the construction company’s stock valued at $55,000 after purchasing an additional 720 shares in the last quarter. Finally, Marshall Wace LLP grew its holdings in shares of Taylor Morrison Home by 12.0% in the second quarter. Marshall Wace LLP now owns 8,029 shares of the construction company’s stock valued at $493,000 after purchasing an additional 859 shares in the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Citizens Jmp lowered shares of Taylor Morrison Home from a “market outperform” rating to a “hold” rating in a report on Monday. Citigroup lowered shares of Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a report on Monday. Bank of America cut their target price on shares of Taylor Morrison Home from $72.00 to $68.00 and set a “neutral” rating for the company in a report on Monday, April 20th. Weiss Ratings lowered shares of Taylor Morrison Home from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, April 24th. Finally, Wolfe Research reissued an “outperform” rating and issued a $76.00 target price on shares of Taylor Morrison Home in a report on Thursday, April 23rd. Four research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Taylor Morrison Home presently has an average rating of “Hold” and a consensus price target of $76.86.

Taylor Morrison Home Stock Up 0.1%

NYSE:TMHC opened at $71.58 on Thursday. Taylor Morrison Home Corporation has a twelve month low of $54.15 and a twelve month high of $72.50. The company has a market cap of $6.69 billion, a price-to-earnings ratio of 10.68, a price-to-earnings-growth ratio of 1.65 and a beta of 1.47. The stock has a fifty day simple moving average of $59.90 and a 200-day simple moving average of $61.39. The company has a current ratio of 7.66, a quick ratio of 1.45 and a debt-to-equity ratio of 0.37.

Taylor Morrison Home (NYSE:TMHC) last released its earnings results on Wednesday, April 22nd. The construction company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.30. Taylor Morrison Home had a return on equity of 11.48% and a net margin of 8.77%.The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period last year, the company earned $2.07 earnings per share. The business’s revenue for the quarter was down 26.8% compared to the same quarter last year. Analysts anticipate that Taylor Morrison Home Corporation will post 5.36 EPS for the current year.

Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation (NYSE:TMHC) is a leading national homebuilder and developer specializing in the design, construction and sale of single-family detached and attached homes. The company’s portfolio spans entry-level, first-time, move-up and active-adult segments, offering buyers a diverse array of architectural styles, floor plans and personalized design options. Through its vertically integrated model, Taylor Morrison manages land acquisition, community development, construction and sales to deliver quality homes and customer-focused experiences across its markets.

The company’s heritage traces back to Morrison Homes, founded in 1977, and Taylor Woodrow, established in 1921 in the United Kingdom.