MQS Management LLC Makes New $544,000 Investment in Taylor Morrison Home Corporation $TMHC

MQS Management LLC acquired a new stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 8,248 shares of the construction company’s stock, valued at approximately $544,000.

Several other hedge funds have also recently modified their holdings of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Taylor Morrison Home by 5.8% during 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 valued at $18,005,000 after acquiring an additional 16,379 shares in the last quarter. Vontobel Holding Ltd. bought a new position in shares of Taylor Morrison Home during the 2nd quarter valued at about $410,000. IFP Advisors Inc purchased a new position in shares of Taylor Morrison Home during the second quarter valued at about $65,000. Blue Trust Inc. increased its holdings in shares of Taylor Morrison Home by 9.3% in the second quarter. Blue Trust Inc. now owns 3,555 shares of the construction company’s stock worth $218,000 after purchasing an additional 302 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in shares of Taylor Morrison Home by 11.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 25,029 shares of the construction company’s stock worth $1,537,000 after purchasing an additional 2,508 shares during the last quarter. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Barclays reissued an “overweight” rating and set a $71.00 price target on shares of Taylor Morrison Home in a research note on Monday, December 8th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Taylor Morrison Home in a research report on Monday, December 29th. Wedbush reissued an “outperform” rating and issued a $85.00 target price on shares of Taylor Morrison Home in a report on Thursday, October 23rd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $62.00 price target on shares of Taylor Morrison Home in a research note on Friday, January 9th. Finally, Citizens Jmp began coverage on shares of Taylor Morrison Home in a research report on Wednesday, January 7th. They set a “market outperform” rating and a $95.00 price objective for the company. Eight analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $77.14.

Taylor Morrison Home Stock Up 2.8%

Shares of TMHC opened at $66.41 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 7.02 and a debt-to-equity ratio of 0.35. The business has a fifty day moving average of $61.87 and a 200 day moving average of $63.28. The company has a market cap of $6.49 billion, a PE ratio of 8.00 and a beta of 1.59. Taylor Morrison Home Corporation has a 52-week low of $51.90 and a 52-week high of $72.50.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings data on Wednesday, February 11th. The construction company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.18. The business had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Taylor Morrison Home had a net margin of 10.16% and a return on equity of 15.23%. On average, sell-side analysts expect that Taylor Morrison Home Corporation will post 8.93 EPS for the current year.

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.