Burney Co. lifted its stake in shares of Taylor Morrison Home Corp (NYSE:TMHC) by 1,510.9% during the 1st quarter, HoldingsChannel reports. The firm owned 172,361 shares of the construction company’s stock after buying an additional 161,661 shares during the period. Burney Co.’s holdings in Taylor Morrison Home were worth $3,059,000 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. Norges Bank acquired a new stake in shares of Taylor Morrison Home during the 4th quarter worth $30,993,000. Towle & Co. acquired a new stake in shares of Taylor Morrison Home during the 4th quarter worth $18,818,000. BlackRock Inc. boosted its stake in Taylor Morrison Home by 10.1% in the first quarter. BlackRock Inc. now owns 10,028,276 shares of the construction company’s stock valued at $178,002,000 after buying an additional 921,369 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Taylor Morrison Home by 8.8% in the first quarter. Dimensional Fund Advisors LP now owns 9,501,975 shares of the construction company’s stock valued at $168,663,000 after buying an additional 767,180 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Taylor Morrison Home by 126.2% in the fourth quarter. Bank of New York Mellon Corp now owns 1,315,891 shares of the construction company’s stock valued at $20,921,000 after buying an additional 734,073 shares in the last quarter.

In other news, insider Joseph Terracciano sold 1,964 shares of Taylor Morrison Home stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $20.71, for a total transaction of $40,674.44. Following the sale, the insider now directly owns 2,015 shares of the company’s stock, valued at $41,730.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.90% of the company’s stock.

Several research firms recently weighed in on TMHC. Zacks Investment Research raised Taylor Morrison Home from a “sell” rating to a “hold” rating in a research note on Wednesday, April 17th. Royal Bank of Canada set a $23.00 price objective on Taylor Morrison Home and gave the company a “hold” rating in a research note on Thursday, May 2nd. JPMorgan Chase & Co. raised Taylor Morrison Home from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $18.50 to $20.00 in a research note on Thursday, March 7th. ValuEngine lowered Taylor Morrison Home from a “sell” rating to a “strong sell” rating in a research note on Friday, February 15th. Finally, Barclays raised Taylor Morrison Home from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $19.00 to $20.00 in a research note on Monday, May 13th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $22.77.

NYSE:TMHC opened at $20.39 on Wednesday. The stock has a market capitalization of $2.21 billion, a P/E ratio of 7.69, a price-to-earnings-growth ratio of 1.02 and a beta of 1.06. The company has a current ratio of 7.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.91. Taylor Morrison Home Corp has a twelve month low of $14.73 and a twelve month high of $22.27.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings results on Wednesday, May 1st. The construction company reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.10. Taylor Morrison Home had a return on equity of 12.89% and a net margin of 4.83%. The firm had revenue of $925.10 million for the quarter, compared to analyst estimates of $872.44 million. During the same period last year, the firm posted $0.41 earnings per share. The business’s revenue for the quarter was up 23.0% on a year-over-year basis. Equities analysts predict that Taylor Morrison Home Corp will post 2.62 EPS for the current fiscal year.

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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 and multi-family attached and detached 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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