State Street Corp increased its position in Taylor Morrison Home Corp (NASDAQ:TMHC) by 44.5% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,051,776 shares of the construction company’s stock after buying an additional 323,782 shares during the period. State Street Corp’s holdings in Taylor Morrison Home Corp were worth $22,421,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Greenhaven Associates Inc. bought a new stake in shares of Taylor Morrison Home Corp during the first quarter worth $2,723,000. Russell Investments Group Ltd. boosted its stake in shares of Taylor Morrison Home Corp by 1,170.8% in the first quarter. Russell Investments Group Ltd. now owns 67,135 shares of the construction company’s stock worth $1,431,000 after buying an additional 61,852 shares in the last quarter. Shell Asset Management Co. bought a new stake in shares of Taylor Morrison Home Corp during the first quarter worth $541,000. First Mercantile Trust Co. bought a new stake in shares of Taylor Morrison Home Corp during the first quarter worth $224,000. Finally, Acadian Asset Management LLC bought a new stake in shares of Taylor Morrison Home Corp during the first quarter worth $1,254,000.

Shares of Taylor Morrison Home Corp (NASDAQ:TMHC) traded down 2.467% during trading on Thursday, reaching $21.945. The company had a trading volume of 157,696 shares. Taylor Morrison Home Corp has a 12 month low of $15.82 and a 12 month high of $24.79. The company has a market cap of $1.59 billion and a price-to-earnings ratio of 13.212. The firm has a 50 day moving average price of $23.62 and a 200 day moving average price of $22.17.

Taylor Morrison Home Corp (NASDAQ:TMHC) last released its quarterly earnings results on Wednesday, August 2nd. The construction company reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.08. The firm had revenue of $908.49 million for the quarter, compared to analysts’ expectations of $849.70 million. Taylor Morrison Home Corp had a net margin of 6.16% and a return on equity of 9.57%. The business’s revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.37 EPS. Analysts predict that Taylor Morrison Home Corp will post $1.94 earnings per share for the current year.

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A number of equities analysts have recently commented on the company. Zacks Investment Research upgraded Taylor Morrison Home Corp from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Tuesday, July 4th. ValuEngine upgraded Taylor Morrison Home Corp from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. BidaskClub lowered Taylor Morrison Home Corp from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. FBR & Co lifted their price objective on Taylor Morrison Home Corp from $21.00 to $23.00 and gave the stock a “mkt perform” rating in a research note on Friday, April 28th. Finally, Deutsche Bank AG lifted their price objective on Taylor Morrison Home Corp from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Monday. Seven research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $23.00.

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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