Donald Smith & CO. Inc. trimmed its holdings in Taylor Morrison Home Corp (NYSE:TMHC) by 0.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,524,035 shares of the construction company’s stock after selling 15,049 shares during the period. Taylor Morrison Home comprises approximately 4.8% of Donald Smith & CO. Inc.’s holdings, making the stock its 6th largest holding. Donald Smith & CO. Inc. owned about 7.59% of Taylor Morrison Home worth $153,774,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in TMHC. Stanley Laman Group Ltd. raised its position in shares of Taylor Morrison Home by 9.6% during the 2nd quarter. Stanley Laman Group Ltd. now owns 47,215 shares of the construction company’s stock valued at $981,000 after acquiring an additional 4,143 shares in the last quarter. IndexIQ Advisors LLC raised its position in shares of Taylor Morrison Home by 9.9% during the 2nd quarter. IndexIQ Advisors LLC now owns 93,959 shares of the construction company’s stock valued at $1,952,000 after acquiring an additional 8,473 shares in the last quarter. Bank of America Corp DE raised its position in shares of Taylor Morrison Home by 19.3% during the 2nd quarter. Bank of America Corp DE now owns 557,768 shares of the construction company’s stock valued at $11,590,000 after acquiring an additional 90,320 shares in the last quarter. Stone Ridge Asset Management LLC raised its position in shares of Taylor Morrison Home by 7.8% during the 3rd quarter. Stone Ridge Asset Management LLC now owns 60,175 shares of the construction company’s stock valued at $1,086,000 after acquiring an additional 4,352 shares in the last quarter. Finally, Engineers Gate Manager LP acquired a new stake in shares of Taylor Morrison Home during the 2nd quarter valued at approximately $2,095,000. 98.28% of the stock is currently owned by institutional investors.

Several brokerages have weighed in on TMHC. JMP Securities dropped their target price on Taylor Morrison Home from $28.00 to $24.00 and set a “buy” rating on the stock in a research report on Thursday, August 2nd. Zacks Investment Research raised Taylor Morrison Home from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Tuesday, October 16th. Citigroup reaffirmed a “buy” rating and issued a $19.00 target price (down from $27.00) on shares of Taylor Morrison Home in a research report on Monday, October 29th. Wells Fargo & Co set a $24.00 target price on Taylor Morrison Home and gave the stock a “buy” rating in a research report on Thursday, November 1st. Finally, TheStreet lowered Taylor Morrison Home from a “b-” rating to a “c+” rating in a research report on Monday, October 15th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. Taylor Morrison Home presently has a consensus rating of “Hold” and an average target price of $22.78.

Shares of NYSE TMHC opened at $15.88 on Monday. Taylor Morrison Home Corp has a 1-year low of $14.73 and a 1-year high of $28.42. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 8.02, a P/E/G ratio of 0.76 and a beta of 1.27. The company has a current ratio of 7.58, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings results on Wednesday, October 31st. The construction company reported $0.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.19. Taylor Morrison Home had a return on equity of 11.21% and a net margin of 5.34%. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the prior year, the business posted $0.45 earnings per share. The company’s revenue for the quarter was up 14.1% compared to the same quarter last year. Sell-side analysts anticipate that Taylor Morrison Home Corp will post 2.17 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This story was originally reported by Daily Political and is the sole property of of Daily Political. If you are reading this story on another publication, it was stolen and republished in violation of United States & international trademark & copyright laws. The correct version of this story can be accessed at https://www.dailypolitical.com/2018/11/19/donald-smith-co-inc-has-153-77-million-holdings-in-taylor-morrison-home-corp-tmhc.html.

Taylor Morrison Home Company Profile

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.

Further Reading: How to Invest in an Index Fund

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

Receive News & Ratings for Taylor Morrison Home Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taylor Morrison Home and related companies with MarketBeat.com's FREE daily email newsletter.