Zacks Investment Management reduced its stake in shares of Taylor Morrison Home Corp (NYSE:TMHC) by 2.1% during the 2nd quarter, Holdings Channel reports. The firm owned 123,081 shares of the construction company’s stock after selling 2,666 shares during the quarter. Zacks Investment Management’s holdings in Taylor Morrison Home were worth $2,558,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TMHC. Bank of America Corp DE lifted its holdings in Taylor Morrison Home by 19.3% in the second quarter. Bank of America Corp DE now owns 557,768 shares of the construction company’s stock valued at $11,590,000 after buying an additional 90,320 shares during the period. Capital Fund Management S.A. lifted its holdings in Taylor Morrison Home by 9.7% in the second quarter. Capital Fund Management S.A. now owns 315,259 shares of the construction company’s stock valued at $6,551,000 after buying an additional 27,964 shares during the period. Long Pond Capital LP acquired a new position in Taylor Morrison Home in the second quarter valued at approximately $62,403,000. Burney Co. acquired a new position in Taylor Morrison Home in the second quarter valued at approximately $750,000. Finally, Brandes Investment Partners LP lifted its holdings in Taylor Morrison Home by 62.7% in the second quarter. Brandes Investment Partners LP now owns 1,047,473 shares of the construction company’s stock valued at $21,766,000 after buying an additional 403,710 shares during the period. 99.02% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:TMHC opened at $19.48 on Friday. Taylor Morrison Home Corp has a 12 month low of $18.80 and a 12 month high of $28.42. The company has a current ratio of 6.86, a quick ratio of 0.88 and a debt-to-equity ratio of 0.63. The firm has a market cap of $2.20 billion, a P/E ratio of 9.84, a P/E/G ratio of 0.64 and a beta of 1.28.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings data on Wednesday, August 1st. The construction company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. Taylor Morrison Home had a net margin of 3.97% and a return on equity of 8.60%. The business had revenue of $980.83 million for the quarter, compared to analyst estimates of $923.15 million. During the same period last year, the business posted $0.46 earnings per share. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. research analysts predict that Taylor Morrison Home Corp will post 2.6 earnings per share for the current fiscal year.

Several equities research analysts have weighed in on the stock. ValuEngine upgraded shares of Taylor Morrison Home from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 4th. Royal Bank of Canada assumed coverage on shares of Taylor Morrison Home in a report on Wednesday, June 27th. They issued a “sector perform” rating on the stock. JMP Securities cut their target price on shares of Taylor Morrison Home from $28.00 to $24.00 and set a “buy” rating on the stock in a report on Thursday, August 2nd. Wells Fargo & Co set a $34.00 target price on shares of Taylor Morrison Home and gave the stock a “buy” rating in a report on Friday, June 8th. Finally, Susquehanna Bancshares cut their target price on shares of Taylor Morrison Home from $34.00 to $30.00 and set a “positive” rating on the stock in a report on Thursday, August 2nd. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $27.75.

About Taylor Morrison Home

Taylor Morrison Home Corporation operates as a public homebuilder in the United States. The company designs, builds, and sells single-family detached and attached homes; and develops lifestyle and master-planned communities. It operates under the Taylor Morrison and Darling Homes brand names in Arizona, California, Colorado, Florida, Georgia, Illinois, North Carolina and Texas.

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Institutional Ownership by Quarter for Taylor Morrison Home (NYSE:TMHC)

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