Osaic Holdings Inc. Has $4.82 Million Position in Taylor Morrison Home Corporation $TMHC

Osaic Holdings Inc. grew its stake in Taylor Morrison Home Corporation (NYSE:TMHC) by 1,442.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,264 shares of the construction company’s stock after purchasing an additional 75,059 shares during the quarter. Osaic Holdings Inc. owned approximately 0.08% of Taylor Morrison Home worth $4,824,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of TMHC. Long Pond Capital LP raised its holdings in 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 valued at $95,913,000 after acquiring an additional 889,616 shares during the period. Norges Bank acquired a new position in shares of Taylor Morrison Home in the second quarter valued at approximately $93,627,000. Charles Schwab Investment Management Inc. increased its stake in shares of 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 purchasing an additional 20,902 shares during the period. AQR Capital Management LLC lifted its holdings in Taylor Morrison Home by 118.0% during the 2nd quarter. AQR Capital Management LLC now owns 1,273,418 shares of the construction company’s stock worth $77,933,000 after purchasing an additional 689,286 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in Taylor Morrison Home by 21.9% in the 2nd quarter. American Century Companies Inc. now owns 1,069,859 shares of the construction company’s stock valued at $65,711,000 after purchasing an additional 192,554 shares during the period. Institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Trading Down 0.0%

TMHC opened at $58.86 on Wednesday. The stock has a market capitalization of $5.75 billion, a price-to-earnings ratio of 7.09 and a beta of 1.57. The company has a quick ratio of 1.02, a current ratio of 7.02 and a debt-to-equity ratio of 0.35. Taylor Morrison Home Corporation has a twelve month low of $51.90 and a twelve month high of $72.50. The company has a 50-day simple moving average of $60.73 and a 200 day simple moving average of $63.18.

Taylor Morrison Home (NYSE:TMHC) last issued 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. The company had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.03 billion. Taylor Morrison Home had a net margin of 10.16% and a return on equity of 15.23%. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the previous year, the company earned $2.40 EPS. Analysts predict that Taylor Morrison Home Corporation will post 8.93 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on TMHC. Royal Bank Of Canada lowered their price objective on Taylor Morrison Home from $75.00 to $68.00 and set an “outperform” rating on the stock in a research 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 research report on Monday, December 8th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Taylor Morrison Home in a research note on Monday. Wedbush restated an “outperform” rating and set a $85.00 target price on shares of Taylor Morrison Home in a research report on Thursday, October 23rd. Finally, Bank of America dropped their price target 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. One analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company’s stock. According to MarketBeat.com, Taylor Morrison Home currently has an average rating of “Buy” and an average target price of $75.57.

Taylor Morrison Home 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.