Eurizon Capital SGR S.p.A. Buys Shares of 10,230 Taylor Morrison Home Corporation $TMHC

Eurizon Capital SGR S.p.A. acquired a new position in Taylor Morrison Home Corporation (NYSE:TMHC) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 10,230 shares of the construction company’s stock, valued at approximately $603,000.

Several other institutional investors have also recently made changes to their positions in TMHC. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Taylor Morrison Home by 5.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 299,888 shares of the construction company’s stock worth $18,005,000 after purchasing an additional 16,379 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Taylor Morrison Home by 30.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 899 shares of the construction company’s stock worth $55,000 after purchasing an additional 211 shares during the period. M&T Bank Corp bought a new position in shares of Taylor Morrison Home in the 2nd quarter worth approximately $262,000. EverSource Wealth Advisors LLC raised its stake in Taylor Morrison Home by 406.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 897 shares of the construction company’s stock worth $55,000 after acquiring an additional 720 shares during the period. Finally, Marshall Wace LLP raised its stake in Taylor Morrison Home by 12.0% during the 2nd quarter. Marshall Wace LLP now owns 8,029 shares of the construction company’s stock worth $493,000 after acquiring an additional 859 shares during the period. Institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Trading Up 0.1%

Shares of TMHC opened at $71.58 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 7.66 and a quick ratio of 1.45. Taylor Morrison Home Corporation has a 1 year low of $54.15 and a 1 year high of $72.50. The company has a 50 day simple moving average of $59.90 and a two-hundred day simple moving average of $61.39. The firm has a market cap of $6.69 billion, a P/E ratio of 10.68, a price-to-earnings-growth ratio of 1.65 and a beta of 1.47.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings data on Wednesday, April 22nd. The construction company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.30. Taylor Morrison Home had a net margin of 8.77% and a return on equity of 11.48%. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the firm posted $2.07 EPS. The company’s revenue was down 26.8% on a year-over-year basis. On average, equities analysts expect that Taylor Morrison Home Corporation will post 5.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Royal Bank Of Canada cut shares of Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and raised their target price for the stock from $69.00 to $72.50 in a research note on Tuesday. Citigroup cut shares of Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research note on Monday. Bank of America decreased their target price on shares of Taylor Morrison Home from $72.00 to $68.00 and set a “neutral” rating on the stock in a research note on Monday, April 20th. Zacks Research upgraded shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 22nd. Finally, Truist Financial decreased their target price on shares of Taylor Morrison Home from $80.00 to $72.50 and set a “buy” rating on the stock in a research note on Monday. Four investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $76.86.

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.