Taylor Morrison Home Corporation $TMHC Shares Purchased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC grew its stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 180.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,644 shares of the construction company’s stock after purchasing an additional 32,608 shares during the period. Exchange Traded Concepts LLC’s holdings in Taylor Morrison Home were worth $3,343,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Ameriprise Financial Inc. increased its stake in Taylor Morrison Home by 8.6% in the 1st quarter. Ameriprise Financial Inc. now owns 696,078 shares of the construction company’s stock valued at $41,795,000 after buying an additional 54,908 shares during the period. Jump Financial LLC acquired a new position in Taylor Morrison Home during the 1st quarter valued at $1,835,000. Jane Street Group LLC lifted its stake in shares of Taylor Morrison Home by 16.8% in the first quarter. Jane Street Group LLC now owns 188,056 shares of the construction company’s stock valued at $11,291,000 after buying an additional 27,072 shares during the period. Rafferty Asset Management LLC increased its position in shares of Taylor Morrison Home by 4.3% during the first quarter. Rafferty Asset Management LLC now owns 75,424 shares of the construction company’s stock valued at $4,528,000 after purchasing an additional 3,090 shares during the period. Finally, Bayview Asset Management LLC acquired a new position in shares of Taylor Morrison Home in the 1st quarter valued at $966,000. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Zacks Research raised Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Tuesday. Wedbush reissued an “outperform” rating and set a $85.00 price objective on shares of Taylor Morrison Home in a report on Thursday, October 23rd. Barclays reaffirmed an “overweight” rating and issued a $71.00 target price on shares of Taylor Morrison Home in a report on Monday, December 8th. Weiss Ratings restated a “buy (b-)” rating on shares of Taylor Morrison Home in a research report on Monday. Finally, Royal Bank Of Canada cut their target price on shares of Taylor Morrison Home from $75.00 to $68.00 and set an “outperform” rating for the company in a research note on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $75.57.

Taylor Morrison Home Stock Up 1.1%

Shares of Taylor Morrison Home stock opened at $59.49 on Friday. The company has a quick ratio of 1.02, a current ratio of 7.02 and a debt-to-equity ratio of 0.35. The stock has a market cap of $5.81 billion, a PE ratio of 7.17 and a beta of 1.57. The business has a fifty day simple moving average of $60.63 and a 200 day simple moving average of $63.12. Taylor Morrison Home Corporation has a 12 month low of $51.90 and a 12 month high of $72.50.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings data on Wednesday, October 22nd. The construction company reported $2.11 earnings per share for the quarter, topping the consensus estimate of $1.93 by $0.18. The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.03 billion. Taylor Morrison Home had a net margin of 10.16% and a return on equity of 15.23%. Taylor Morrison Home’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the firm earned $2.40 EPS. Research analysts predict that Taylor Morrison Home Corporation will post 8.93 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.