Creative Planning Grows Position in Taylor Morrison Home Co. (NYSE:TMHC)

Creative Planning boosted its stake in Taylor Morrison Home Co. (NYSE:TMHC) by 46.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,723 shares of the construction company’s stock after purchasing an additional 9,408 shares during the quarter. Creative Planning’s holdings in Taylor Morrison Home were worth $2,088,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Wedge Capital Management L L P NC raised its holdings in Taylor Morrison Home by 1,910.4% in the second quarter. Wedge Capital Management L L P NC now owns 727,919 shares of the construction company’s stock valued at $40,356,000 after acquiring an additional 691,711 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Taylor Morrison Home by 4,586.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 663,385 shares of the construction company’s stock valued at $41,243,000 after acquiring an additional 649,230 shares in the last quarter. Lord Abbett & CO. LLC raised its holdings in Taylor Morrison Home by 203.0% in the first quarter. Lord Abbett & CO. LLC now owns 440,717 shares of the construction company’s stock valued at $27,400,000 after acquiring an additional 295,256 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in Taylor Morrison Home by 127.6% in the first quarter. BNP Paribas Financial Markets now owns 203,435 shares of the construction company’s stock valued at $12,648,000 after acquiring an additional 114,034 shares in the last quarter. Finally, EMG Holdings L.P. acquired a new stake in Taylor Morrison Home in the second quarter valued at $6,098,000. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Taylor Morrison Home Trading Up 0.2 %

Shares of TMHC stock opened at $68.52 on Monday. Taylor Morrison Home Co. has a 1 year low of $37.23 and a 1 year high of $71.95. The firm’s fifty day simple moving average is $67.58 and its 200 day simple moving average is $61.66. The firm has a market capitalization of $7.25 billion, a P/E ratio of 9.80 and a beta of 1.96. The company has a current ratio of 6.01, a quick ratio of 0.67 and a debt-to-equity ratio of 0.39.

Taylor Morrison Home (NYSE:TMHC) last issued its earnings results on Wednesday, October 23rd. The construction company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.06 by $0.31. The company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $1.96 billion. Taylor Morrison Home had a net margin of 9.92% and a return on equity of 14.99%. The firm’s revenue for the quarter was up 26.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.62 EPS. As a group, sell-side analysts predict that Taylor Morrison Home Co. will post 8.15 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Wedbush raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $65.00 to $85.00 in a report on Friday. StockNews.com raised shares of Taylor Morrison Home from a “hold” rating to a “buy” rating in a report on Thursday. Royal Bank of Canada upped their price target on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday. Zelman & Associates upgraded shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research report on Monday, August 12th. Finally, BTIG Research increased their target price on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the company a “buy” rating in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $75.83.

Taylor Morrison Home Profile

Taylor Morrison Home Corporation, together with its subsidiaries, operates as a public homebuilder in the United States. The company designs, builds, and sells single and multi-family detached and attached homes; and develops lifestyle and master-planned communities. It develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name.