First Mercantile Trust Co. increased its stake in Taylor Morrison Home Corp (NASDAQ:TMHC) by 86.8% during the second quarter, Holdings Channel reports. The fund owned 19,612 shares of the construction company’s stock after buying an additional 9,112 shares during the period. First Mercantile Trust Co.’s holdings in Taylor Morrison Home Corp were worth $471,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Victory Capital Management Inc. increased its stake in shares of Taylor Morrison Home Corp by 34.2% in the first quarter. Victory Capital Management Inc. now owns 6,315 shares of the construction company’s stock valued at $135,000 after buying an additional 1,608 shares during the last quarter. UBS Group AG increased its stake in shares of Taylor Morrison Home Corp by 4.7% in the first quarter. UBS Group AG now owns 6,909 shares of the construction company’s stock valued at $147,000 after buying an additional 307 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in shares of Taylor Morrison Home Corp by 52.9% in the second quarter. Great West Life Assurance Co. Can now owns 6,882 shares of the construction company’s stock valued at $165,000 after buying an additional 2,382 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Taylor Morrison Home Corp by 25.6% in the first quarter. Legal & General Group Plc now owns 9,338 shares of the construction company’s stock valued at $199,000 after buying an additional 1,906 shares during the last quarter. Finally, Hancock Holding Co. bought a new stake in shares of Taylor Morrison Home Corp during the first quarter valued at about $204,000.

Taylor Morrison Home Corp (NASDAQ:TMHC) opened at 22.00 on Wednesday. The company has a 50 day moving average price of $23.42 and a 200-day moving average price of $22.21. The company has a market capitalization of $1.59 billion and a PE ratio of 13.25. Taylor Morrison Home Corp has a 12-month low of $15.82 and a 12-month high of $24.79.

Taylor Morrison Home Corp (NASDAQ:TMHC) last released its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.08. The business had revenue of $908.49 million for the quarter, compared to analyst estimates of $849.70 million. Taylor Morrison Home Corp had a return on equity of 9.57% and a net margin of 6.16%. Taylor Morrison Home Corp’s revenue was up 6.3% compared to the same quarter last year. During the same period last year, the firm posted $0.37 earnings per share. On average, analysts anticipate that Taylor Morrison Home Corp will post $1.94 EPS for the current year.

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A number of research firms have weighed in on TMHC. BidaskClub downgraded shares of Taylor Morrison Home Corp from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Zacks Investment Research upgraded shares of Taylor Morrison Home Corp from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Tuesday, July 4th. Deutsche Bank AG lifted their price target on shares of Taylor Morrison Home Corp from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Monday, August 7th. FBR & Co lifted their price target on shares of 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, ValuEngine upgraded shares of Taylor Morrison Home Corp from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Seven equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Taylor Morrison Home Corp currently has a consensus rating of “Hold” and an average price target 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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