Peregrine Capital Management LLC lifted its stake in shares of Taylor Morrison Home Corp (NASDAQ:TMHC) by 2.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 367,287 shares of the construction company’s stock after acquiring an additional 7,476 shares during the period. Peregrine Capital Management LLC owned 0.51% of Taylor Morrison Home Corp worth $8,099,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Prudential Financial Inc. boosted its stake in shares of Taylor Morrison Home Corp by 43.2% during the second quarter. Prudential Financial Inc. now owns 1,780,580 shares of the construction company’s stock valued at $42,752,000 after acquiring an additional 537,590 shares during the last quarter. Airain ltd lifted its position in Taylor Morrison Home Corp by 158.8% during the second quarter. Airain ltd now owns 72,795 shares of the construction company’s stock worth $1,748,000 after buying an additional 44,668 shares during the period. Marshall Wace North America L.P. lifted its position in Taylor Morrison Home Corp by 761.2% during the second quarter. Marshall Wace North America L.P. now owns 260,715 shares of the construction company’s stock worth $6,257,000 after buying an additional 230,440 shares during the period. American Century Companies Inc. lifted its position in Taylor Morrison Home Corp by 2,001.8% during the second quarter. American Century Companies Inc. now owns 419,121 shares of the construction company’s stock worth $10,063,000 after buying an additional 399,180 shares during the period. Finally, BlackRock Inc. lifted its position in Taylor Morrison Home Corp by 51.5% during the second quarter. BlackRock Inc. now owns 6,585,230 shares of the construction company’s stock worth $158,111,000 after buying an additional 2,239,679 shares during the period.

Taylor Morrison Home Corp (NASDAQ:TMHC) last issued its quarterly earnings results on Wednesday, November 1st. The construction company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.04. Taylor Morrison Home Corp had a return on equity of 9.57% and a net margin of 6.16%. The business had revenue of $908.00 million for the quarter, compared to the consensus estimate of $914.19 million. During the same quarter in the previous year, the company posted $0.49 earnings per share. Taylor Morrison Home Corp’s revenue for the quarter was up 6.4% compared to the same quarter last year.

Taylor Morrison Home Corp declared that its Board of Directors has authorized a share repurchase plan on Monday, September 18th that allows the company to buyback $43.60 million in outstanding shares. This buyback authorization allows the construction company to buy up to 2.9% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.

In other news, insider C. David Cone sold 20,000 shares of Taylor Morrison Home Corp stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $22.83, for a total transaction of $456,600.00. The sale was disclosed in a filing with the SEC, which is available at this link.

Several equities analysts recently weighed in on the company. ValuEngine downgraded Taylor Morrison Home Corp from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Deutsche Bank AG increased their target price on Taylor Morrison Home Corp from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Monday, August 7th. Zacks Investment Research downgraded Taylor Morrison Home Corp from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Finally, BidaskClub downgraded Taylor Morrison Home Corp from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $24.00.

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Taylor Morrison Home Corp Company Profile

Taylor Morrison Home Corporation is a homebuilder, which designs, builds and sells single-family detached and attached homes. The Company is also a land developer, with a portfolio of lifestyle and master-planned communities. Its segments include East, which includes Atlanta, Charlotte, North Florida, Raleigh, Southwest Florida and Tampa; Central, which includes Austin, Dallas, and Houston (each of the Dallas and Houston markets include both a Taylor Morrison division and a Darling Homes division); West, which includes Bay Area, Chicago, Denver, Phoenix, Sacramento and Southern California, and Mortgage Operations, which includes Taylor Morrison Home Funding, LLC (TMHF) and Inspired Title Services, LLC (Inspired Title).

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Institutional Ownership by Quarter for Taylor Morrison Home Corp (NASDAQ:TMHC)

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