Raymond James & Associates Boosts Stock Position in Taylor Morrison Home Co. (NYSE:TMHC)

Raymond James & Associates lifted its position in Taylor Morrison Home Co. (NYSE:TMHC) by 8.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 62,313 shares of the construction company’s stock after buying an additional 4,822 shares during the quarter. Raymond James & Associates owned approximately 0.06% of Taylor Morrison Home worth $4,378,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of TMHC. State of Michigan Retirement System raised its holdings in shares of Taylor Morrison Home by 2.3% in the 1st quarter. State of Michigan Retirement System now owns 26,395 shares of the construction company’s stock valued at $1,641,000 after buying an additional 600 shares during the period. BNP Paribas Financial Markets grew its stake in Taylor Morrison Home by 127.6% during the 1st quarter. BNP Paribas Financial Markets now owns 203,435 shares of the construction company’s stock worth $12,648,000 after purchasing an additional 114,034 shares in the last quarter. Fidelis Capital Partners LLC acquired a new position in Taylor Morrison Home during the 1st quarter worth $82,000. Nordea Investment Management AB grew its stake in Taylor Morrison Home by 11.2% during the 1st quarter. Nordea Investment Management AB now owns 120,611 shares of the construction company’s stock worth $7,547,000 after purchasing an additional 12,180 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in Taylor Morrison Home by 644.4% during the 1st quarter. Daiwa Securities Group Inc. now owns 6,700 shares of the construction company’s stock worth $417,000 after purchasing an additional 5,800 shares in the last quarter. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Stock Up 0.3 %

Taylor Morrison Home stock opened at $68.69 on Friday. Taylor Morrison Home Co. has a fifty-two week low of $41.15 and a fifty-two week high of $71.95. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.69 and a current ratio of 6.24. The company has a market capitalization of $7.11 billion, a P/E ratio of 9.09 and a beta of 1.96. The stock has a 50-day simple moving average of $68.00 and a 200-day simple moving average of $62.12.

Taylor Morrison Home (NYSE:TMHC) last posted its earnings results on Wednesday, October 23rd. The construction company reported $2.37 earnings per share for the quarter, beating the consensus estimate of $2.06 by $0.31. Taylor Morrison Home had a return on equity of 15.91% and a net margin of 10.39%. The business had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the previous year, the business earned $1.62 EPS. The business’s quarterly revenue was up 26.6% on a year-over-year basis. Equities research analysts expect that Taylor Morrison Home Co. will post 8.43 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on TMHC shares. Barclays boosted their target price on Taylor Morrison Home from $72.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. Royal Bank of Canada boosted their target price on Taylor Morrison Home from $74.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. BTIG Research upped their price objective on Taylor Morrison Home from $78.00 to $86.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. StockNews.com raised Taylor Morrison Home from a “hold” rating to a “buy” rating in a research report on Thursday, October 24th. Finally, Raymond James reaffirmed an “outperform” rating and set a $84.00 price objective (up from $81.00) on shares of Taylor Morrison Home in a research report on Tuesday, October 29th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $77.33.

Insider Activity

In other news, EVP Darrell Sherman sold 26,757 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $70.00, for a total value of $1,872,990.00. Following the completion of the sale, the executive vice president now directly owns 109,217 shares of the company’s stock, valued at approximately $7,645,190. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders sold 95,262 shares of company stock valued at $6,702,557. Insiders own 3.50% of the company’s stock.

About Taylor Morrison Home

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.