Janney Montgomery Scott LLC Purchases 1,201 Shares of Taylor Morrison Home Corporation (NYSE:TMHC)

Janney Montgomery Scott LLC grew its position in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 17.5% in the first quarter, Holdings Channel reports. The firm owned 8,056 shares of the construction company’s stock after purchasing an additional 1,201 shares during the period. Janney Montgomery Scott LLC’s holdings in Taylor Morrison Home were worth $484,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TMHC. Northern Trust Corp raised its position in shares of Taylor Morrison Home by 13.4% in the fourth quarter. Northern Trust Corp now owns 1,670,241 shares of the construction company’s stock worth $102,235,000 after buying an additional 197,880 shares in the last quarter. Norges Bank bought a new position in Taylor Morrison Home in the 4th quarter worth about $93,810,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Taylor Morrison Home by 1.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,369,832 shares of the construction company’s stock valued at $83,847,000 after acquiring an additional 20,908 shares in the last quarter. Nuveen Asset Management LLC boosted its position in shares of Taylor Morrison Home by 1.6% during the 4th quarter. Nuveen Asset Management LLC now owns 952,988 shares of the construction company’s stock valued at $58,332,000 after acquiring an additional 14,590 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in shares of Taylor Morrison Home by 80.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 912,064 shares of the construction company’s stock valued at $54,760,000 after acquiring an additional 405,875 shares during the last quarter. Institutional investors own 95.16% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Taylor Morrison Home Trading Down 2.3%

TMHC stock opened at $63.45 on Friday. The company has a market capitalization of $6.37 billion, a PE ratio of 7.38 and a beta of 1.57. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.86 and a current ratio of 6.45. Taylor Morrison Home Corporation has a one year low of $51.90 and a one year high of $75.49. The company’s 50 day moving average price is $58.76 and its two-hundred day moving average price is $60.23.

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