Taylor Morrison Home Corporation $TMHC Shares Bought by Nordea Investment Management AB

Nordea Investment Management AB raised its holdings in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 10.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 193,249 shares of the construction company’s stock after buying an additional 17,595 shares during the quarter. Nordea Investment Management AB owned about 0.19% of Taylor Morrison Home worth $12,689,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. ORG Partners LLC acquired a new position in Taylor Morrison Home during the third quarter worth about $26,000. Atlantic Union Bankshares Corp purchased a new position in Taylor Morrison Home in the 2nd quarter worth approximately $28,000. AlphaCore Capital LLC acquired a new position in shares of Taylor Morrison Home during the 2nd quarter worth approximately $37,000. Parallel Advisors LLC grew its position in shares of Taylor Morrison Home by 29.9% in the second quarter. Parallel Advisors LLC now owns 882 shares of the construction company’s stock valued at $54,000 after purchasing an additional 203 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Taylor Morrison Home by 30.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 899 shares of the construction company’s stock valued at $55,000 after purchasing an additional 211 shares in the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.

Taylor Morrison Home Stock Up 0.9%

Shares of NYSE:TMHC opened at $64.07 on Friday. The company has a market capitalization of $6.26 billion, a price-to-earnings ratio of 7.72 and a beta of 1.59. Taylor Morrison Home Corporation has a 12-month low of $51.90 and a 12-month high of $72.50. The business has a 50-day moving average price of $60.91 and a 200 day moving average price of $63.31. The company has a current ratio of 7.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.35.

Taylor Morrison Home (NYSE:TMHC) last announced its earnings results on Wednesday, October 22nd. The construction company reported $2.11 earnings per share for the quarter, topping the consensus estimate of $1.93 by $0.18. Taylor Morrison Home had a net margin of 10.16% and a return on equity of 15.23%. The company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same quarter last year, the firm posted $2.40 earnings per share. Taylor Morrison Home’s revenue was down 1.2% compared to the same quarter last year. Sell-side analysts expect that Taylor Morrison Home Corporation will post 8.93 EPS for the current year.

Wall Street Analyst Weigh In

TMHC has been the topic of a number of analyst reports. Bank of America reduced their price objective on Taylor Morrison Home from $75.00 to $72.00 and set a “buy” rating on the stock in a research report on Friday, October 10th. Barclays reiterated an “overweight” rating and set a $71.00 price target on shares of Taylor Morrison Home in a report on Monday, December 8th. Zacks Research raised shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of Taylor Morrison Home in a research report on Monday, December 29th. Finally, Citigroup began coverage on shares of Taylor Morrison Home in a research note on Wednesday, January 7th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $77.43.

Taylor Morrison Home Company 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.