US Bancorp DE Has $300,000 Stock Holdings in Taylor Morrison Home Corporation (NYSE:TMHC)

US Bancorp DE lifted its stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 21.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,002 shares of the construction company’s stock after purchasing an additional 881 shares during the period. US Bancorp DE’s holdings in Taylor Morrison Home were worth $300,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Morse Asset Management Inc acquired a new stake in shares of Taylor Morrison Home during the fourth quarter worth $29,000. GAMMA Investing LLC raised its position in shares of Taylor Morrison Home by 193.0% during the first quarter. GAMMA Investing LLC now owns 674 shares of the construction company’s stock worth $40,000 after purchasing an additional 444 shares during the period. Quarry LP raised its position in Taylor Morrison Home by 202.1% during the fourth quarter. Quarry LP now owns 704 shares of the construction company’s stock valued at $43,000 after buying an additional 471 shares during the period. Farther Finance Advisors LLC raised its position in Taylor Morrison Home by 49.5% during the first quarter. Farther Finance Advisors LLC now owns 791 shares of the construction company’s stock valued at $48,000 after buying an additional 262 shares during the period. Finally, Harbor Capital Advisors Inc. raised its position in Taylor Morrison Home by 50.2% during the first quarter. Harbor Capital Advisors Inc. now owns 844 shares of the construction company’s stock valued at $51,000 after buying an additional 282 shares during the period. 95.16% of the stock is owned by institutional investors and hedge funds.

Taylor Morrison Home Stock Performance

Shares of TMHC stock opened at $69.28 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.54 and a quick ratio of 0.74. Taylor Morrison Home Corporation has a fifty-two week low of $51.90 and a fifty-two week high of $75.49. The stock’s 50-day moving average is $61.92 and its two-hundred day moving average is $60.46. The firm has a market cap of $6.95 billion, a P/E ratio of 8.00 and a beta of 1.53.

Taylor Morrison Home (NYSE:TMHC) last issued its earnings results on Wednesday, July 23rd. The construction company reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.08. Taylor Morrison Home had a return on equity of 16.22% and a net margin of 10.72%. The company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same period in the prior year, the firm posted $1.86 EPS. The business’s revenue was up 2.0% compared to the same quarter last year. Analysts predict that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Curtis Vanhyfte sold 9,754 shares of the stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $65.22, for a total transaction of $636,155.88. Following the transaction, the chief financial officer owned 14,163 shares of the company’s stock, valued at approximately $923,710.86. This represents a 40.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TMHC. Bank of America began coverage on Taylor Morrison Home in a research report on Monday, May 5th. They set a “buy” rating and a $70.00 price target on the stock. Wedbush reissued an “outperform” rating and set a $85.00 price target on shares of Taylor Morrison Home in a research report on Wednesday, April 23rd. Barclays set a $69.00 price target on Taylor Morrison Home and gave the company an “overweight” rating in a research report on Thursday, April 24th. Seaport Res Ptn raised Taylor Morrison Home from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 23rd. Finally, Wall Street Zen lowered Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Sunday, June 1st. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Taylor Morrison Home presently has a consensus rating of “Buy” and a consensus target price of $76.88.

Taylor Morrison Home Company Profile

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.