Cambridge Investment Research Advisors Inc. Sells 1,591 Shares of Taylor Morrison Home Corporation (NYSE:TMHC)

Cambridge Investment Research Advisors Inc. trimmed its holdings in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 6.6% during the first quarter, Holdings Channel.com reports. The institutional investor owned 22,370 shares of the construction company’s stock after selling 1,591 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Taylor Morrison Home were worth $1,343,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. JPMorgan Chase & Co. raised its position in shares of Taylor Morrison Home by 24.0% during the fourth quarter. JPMorgan Chase & Co. now owns 811,253 shares of the construction company’s stock worth $49,657,000 after purchasing an additional 156,793 shares during the period. SG Americas Securities LLC acquired a new position in shares of Taylor Morrison Home during the first quarter worth approximately $909,000. State of Alaska Department of Revenue raised its position in shares of Taylor Morrison Home by 2.8% during the first quarter. State of Alaska Department of Revenue now owns 12,123 shares of the construction company’s stock worth $727,000 after purchasing an additional 325 shares during the period. Farther Finance Advisors LLC raised its position in shares of Taylor Morrison Home by 49.5% during the first quarter. Farther Finance Advisors LLC now owns 791 shares of the construction company’s stock worth $48,000 after purchasing an additional 262 shares during the period. Finally, Ritholtz Wealth Management raised its position in shares of Taylor Morrison Home by 3.3% during the first quarter. Ritholtz Wealth Management now owns 18,027 shares of the construction company’s stock worth $1,082,000 after purchasing an additional 576 shares during the period. 95.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TMHC has been the topic of a number of research reports. Seaport Res Ptn raised Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 6th. Bank of America initiated coverage on Taylor Morrison Home in a research report on Monday, May 5th. They set a “buy” rating and a $70.00 target price on the stock. Wall Street Zen lowered Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Sunday, June 1st. Wedbush reaffirmed an “outperform” rating and set a $85.00 target price on shares of Taylor Morrison Home in a research report on Wednesday, April 23rd. Finally, Barclays set a $69.00 target price on Taylor Morrison Home and gave the stock an “overweight” rating in a research report on Thursday, April 24th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Taylor Morrison Home presently has a consensus rating of “Moderate Buy” and a consensus price target of $76.88.

Taylor Morrison Home Trading Down 2.3%

NYSE TMHC opened at $63.45 on Friday. The firm has a market capitalization of $6.37 billion, a P/E ratio of 7.38 and a beta of 1.57. The business has a fifty day simple moving average of $58.76 and a 200 day simple moving average of $60.23. Taylor Morrison Home Corporation has a 12 month low of $51.90 and a 12 month high of $75.49. The company has a current ratio of 6.45, a quick ratio of 0.86 and a debt-to-equity ratio of 0.35.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings results on Wednesday, April 23rd. The construction company reported $2.18 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.33. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.81 billion. Taylor Morrison Home had a return on equity of 16.72% and a net margin of 10.84%. Taylor Morrison Home’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.75 EPS. On average, analysts predict that Taylor Morrison Home Corporation will post 8.93 EPS for the current fiscal year.

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.