Stanley Laman Group Ltd. purchased a new stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 38,237 shares of the construction company’s stock, valued at approximately $936,000.
Other large investors have also bought and sold shares of the company. Ameritas Investment Partners Inc. raised its holdings in Taylor Morrison Home by 62.3% during the second quarter. Ameritas Investment Partners Inc. now owns 5,369 shares of the construction company’s stock valued at $129,000 after acquiring an additional 2,060 shares during the period. Dean Capital Investments Management LLC bought a new stake in Taylor Morrison Home during the fourth quarter valued at about $218,000. Victory Capital Management Inc. raised its holdings in Taylor Morrison Home by 37.3% during the third quarter. Victory Capital Management Inc. now owns 10,197 shares of the construction company’s stock valued at $225,000 after acquiring an additional 2,768 shares during the period. Optimum Investment Advisors bought a new stake in Taylor Morrison Home during the third quarter valued at about $225,000. Finally, Parametrica Management Ltd bought a new stake in Taylor Morrison Home during the third quarter valued at about $255,000. 64.57% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have commented on the company. B. Riley raised their price target on Taylor Morrison Home from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday, February 8th. Barclays set a $28.00 price objective on Taylor Morrison Home and gave the company an “equal weight” rating in a research report on Thursday, February 8th. JMP Securities upgraded Taylor Morrison Home from a “market perform” rating to an “outperform” rating and set a $31.00 price objective for the company in a research report on Thursday, February 8th. Wedbush restated a “neutral” rating and set a $27.00 price objective on shares of Taylor Morrison Home in a research report on Friday, January 12th. Finally, Zacks Investment Research lowered Taylor Morrison Home from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. Taylor Morrison Home currently has an average rating of “Buy” and a consensus target price of $28.22.
Taylor Morrison Home Corporation (TMHC) opened at $23.90 on Tuesday. The firm has a market capitalization of $2,906.43, a PE ratio of 16.54, a PEG ratio of 0.78 and a beta of 1.44. The company has a current ratio of 6.85, a quick ratio of 0.81 and a debt-to-equity ratio of 0.63. Taylor Morrison Home Corporation has a 12-month low of $18.99 and a 12-month high of $28.42.
Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings data on Wednesday, February 7th. The construction company reported $0.77 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.07. The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. Taylor Morrison Home had a return on equity of 5.82% and a net margin of 2.36%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.63 earnings per share. sell-side analysts forecast that Taylor Morrison Home Corporation will post 2.6 EPS for the current year.
Taylor Morrison Home declared that its board has approved a stock buyback program on Wednesday, January 3rd that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the construction company to buy shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
About Taylor Morrison Home
Taylor Morrison Home Corporation is a homebuilder, which designs, builds and sells single-family detached and attached homes. The Company is also a land developer, with a portfolio of lifestyle and master-planned communities. Its segments include East, which includes Atlanta, Charlotte, North Florida, Raleigh, Southwest Florida and Tampa; Central, which includes Austin, Dallas, and Houston (each of the Dallas and Houston markets include both a Taylor Morrison division and a Darling Homes division); West, which includes Bay Area, Chicago, Denver, Phoenix, Sacramento and Southern California, and Mortgage Operations, which includes Taylor Morrison Home Funding, LLC (TMHF) and Inspired Title Services, LLC (Inspired Title).
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