Taylor Morrison Home Corporation $TMHC Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. raised its position in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 96.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,554,498 shares of the construction company’s stock after purchasing an additional 1,251,558 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Taylor Morrison Home were worth $148,774,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Miller Capital Partners Inc. acquired a new position in shares of Taylor Morrison Home in the 4th quarter worth approximately $27,000. Pinnacle Holdings LLC acquired a new stake in shares of Taylor Morrison Home during the third quarter worth $32,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Taylor Morrison Home during the fourth quarter worth $33,000. Huntington National Bank lifted its holdings in shares of Taylor Morrison Home by 2,074.1% during the third quarter. Huntington National Bank now owns 587 shares of the construction company’s stock valued at $39,000 after purchasing an additional 560 shares during the last quarter. Finally, V Square Quantitative Management LLC purchased a new stake in shares of Taylor Morrison Home during the fourth quarter valued at $40,000. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TMHC has been the topic of a number of analyst reports. Wolfe Research downgraded Taylor Morrison Home from an “outperform” rating to a “peer perform” rating in a report on Wednesday, June 10th. Zacks Research raised shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 22nd. Weiss Ratings lowered shares of Taylor Morrison Home from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, April 24th. Royal Bank Of Canada downgraded shares of Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and upped their price target for the company from $69.00 to $72.50 in a research report on Tuesday, June 2nd. Finally, Citigroup lowered shares of Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research note on Monday, June 1st. Three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Taylor Morrison Home presently has an average rating of “Hold” and a consensus target price of $76.86.

Taylor Morrison Home Trading Up 0.4%

Shares of NYSE TMHC opened at $71.91 on Thursday. The company has a current ratio of 7.66, a quick ratio of 1.45 and a debt-to-equity ratio of 0.37. Taylor Morrison Home Corporation has a one year low of $54.15 and a one year high of $72.50. The business has a 50-day moving average price of $63.84 and a two-hundred day moving average price of $62.50. The firm has a market capitalization of $6.72 billion, a PE ratio of 10.73, a PEG ratio of 1.68 and a beta of 1.47.

Taylor Morrison Home (NYSE:TMHC) last issued its earnings results on Wednesday, April 22nd. The construction company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.30. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.33 billion. Taylor Morrison Home had a return on equity of 11.48% and a net margin of 8.77%.The firm’s quarterly revenue was down 26.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.07 EPS. As a group, analysts predict that Taylor Morrison Home Corporation will post 5.26 earnings per share for the current fiscal year.

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.