IFP Advisors Inc Raises Holdings in Taylor Morrison Home Corporation $TMHC

IFP Advisors Inc increased its stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 11,813.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 69,694 shares of the construction company’s stock after purchasing an additional 69,109 shares during the quarter. IFP Advisors Inc’s holdings in Taylor Morrison Home were worth $4,103,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Taylor Morrison Home by 5.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 299,888 shares of the construction company’s stock worth $18,005,000 after buying an additional 16,379 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of Taylor Morrison Home by 30.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 899 shares of the construction company’s stock valued at $55,000 after acquiring an additional 211 shares during the last quarter. M&T Bank Corp purchased a new stake in shares of Taylor Morrison Home during the second quarter worth about $262,000. EverSource Wealth Advisors LLC grew its stake in shares of Taylor Morrison Home by 406.8% in the second quarter. EverSource Wealth Advisors LLC now owns 897 shares of the construction company’s stock worth $55,000 after purchasing an additional 720 shares during the last quarter. Finally, Marshall Wace LLP increased its holdings in Taylor Morrison Home by 12.0% during the 2nd quarter. Marshall Wace LLP now owns 8,029 shares of the construction company’s stock valued at $493,000 after purchasing an additional 859 shares during the period. Institutional investors own 95.16% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TMHC. Bank of America cut their price objective on Taylor Morrison Home from $72.00 to $68.00 and set a “neutral” rating on the stock in a research report on Monday, April 20th. 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 cut shares of Taylor Morrison Home from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, April 24th. Royal Bank Of Canada boosted their price target on shares of Taylor Morrison Home from $68.00 to $69.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Finally, Wolfe Research restated an “outperform” rating and issued a $76.00 price objective on shares of Taylor Morrison Home in a report on Thursday, April 23rd. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $77.43.

Taylor Morrison Home Stock Up 4.1%

Shares of Taylor Morrison Home stock opened at $57.44 on Thursday. Taylor Morrison Home Corporation has a 1 year low of $54.15 and a 1 year high of $72.50. The firm has a market cap of $5.37 billion, a price-to-earnings ratio of 8.57, a PEG ratio of 1.27 and a beta of 1.51. The company has a 50-day moving average of $59.25 and a 200 day moving average of $61.18. The company has a debt-to-equity ratio of 0.37, a current ratio of 7.66 and a quick ratio of 1.45.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings data on Wednesday, April 22nd. The construction company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.30. Taylor Morrison Home had a net margin of 8.77% and a return on equity of 11.48%. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the prior year, the company earned $2.07 earnings per share. The business’s revenue was down 26.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Taylor Morrison Home Corporation will post 5.36 earnings per share for the current fiscal year.

About Taylor Morrison Home

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.