Oppenheimer & Co. Inc. grew its position in Taylor Morrison Home Co. (NYSE:TMHC – Free Report) by 27.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC) on Form 13F. The fund owned 37,213 shares of the home improvement company after purchasing an additional 8,068 shares during the period. Oppenheimer & Co. Inc.’s holdings in Taylor Morrison Home were worth $2,314,000 at the end of the most recent reporting period.
Other major investors have also recently changed their hold on the company. Nordea Investment Management AB increased its stake in Taylor Morrison Home by 30.4% in the 4th quarter. Nordea Investment Management AB now owns 108,431 shares of the construction company’s stock worth $5,823,000 after buying an additional 25,250 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Taylor Morrison Home by 4,586.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 663,385 shares of the construction company’s stock worth $41,243,000 after buying an additional 649,230 shares in the last quarter. TCW Group Inc. increased its stake in Taylor Morrison Home by 118.2% in the 4th quarter. TCW Group Inc. now owns 57,315 shares of the construction company’s stock valued at $3,058,000 after acquiring an additional 31,045 shares in the last quarter. Journey Strategic Wealth LLC acquired a new stake in Taylor Morrison Home in the fourth quarter valued at $235,000. Finally, BNP Paribas Financial Markets increased its stake in Taylor Morrison Home by 127.6% in the first quarter. BNP Paribas Financial Markets now owns 203,435 shares of the construction company’s stock valued at $12,648,000 after acquiring an additional 114,034 shares in the last quarter. 95.16% of the shares are owned by institutional investors.
Insider activity
In other Taylor Morrison Home news, CEO Sheryl Palmer sold 100,000 shares of the company’s stock on Wednesday, May 15. The shares were sold at an average price of $61.70, for a total value of $6,170,000.00. Following the completion of the transaction, the CEO now owns 19,211 shares of the company’s stock, valued at approximately $1,185,318.70. The sale was disclosed in a filing with the SEC, which is available through the SEC’s website. 3.50% of the shares are owned by company insiders.
Taylor Morrison Real Estate Price Development
TMHC opened at $61.03 on Friday. The company has a 50-day moving average price of $56.84 and a 200-day moving average price of $56.00. Taylor Morrison Home Co. has a twelve-month low of $37.23 and a twelve-month high of $62.64. The company has a quick ratio of 0.91, a current ratio of 6.16 and a debt-to-equity ratio of 0.39. The company has a market cap of $6.45 billion, a price-to-earnings ratio of 8.73 and a beta of 1.95.
Taylor Morrison Home (NYSE:TMHC – Get Free Report) last released its quarterly earnings results on Tuesday, April 30. The home improvement company reported earnings per share of $1.75 for the quarter, beating analysts’ consensus estimates of $1.57 by $0.18. Taylor Morrison Home had a net margin of 10.30% and a return on equity of 15.75%. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same period last year, the company generated earnings per share of $1.74. Taylor Morrison Home’s revenue increased 2.3% compared to the same quarter last year. Equities analysts expect Taylor Morrison Home Co. to report earnings per share of $7.62 for the current year.
Wall Street analysts predict growth
Several equities analysts have recently issued reports on the company. Zelman & Associates raised Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a research report on Friday, April 12. Barclays decreased their price target on Taylor Morrison Home from $65.00 to $62.00 and gave the company an “equal weight” rating in a report on Friday. Wedbush reiterated an “outperform” rating and issued a $61.00 price target on Taylor Morrison Home in a research note on Thursday, May 30. StockNews.com raised Taylor Morrison Home from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Royal Bank of Canada raised their price target on Taylor Morrison Home from $61.00 to $63.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1. Three analysts have rated the stock with a “hold” rating and four have given it a “buy” rating. The company currently has an average rating of “moderate buy” and a consensus price target of $59.80, according to data from MarketBeat.com.
Check out our latest analysis on TMHC
Taylor Morrison Home Company Profile
(Free report)
Taylor Morrison Home Corporation, together with its subsidiaries, operates as a public housing developer in the United States. The company designs, builds and sells single-family, multi-family and townhomes and develops lifestyle and master-planned communities. It develops and builds multi-use properties consisting of commercial space, retail stores and multifamily housing under the Urban Form brand name.
Recommended Stories
Want to see which other hedge funds hold TMHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Taylor Morrison Home Co. (NYSE:TMHC – Free Report).
Get daily news and reviews about Taylor Morrison Home – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Taylor Morrison Home and related companies with MarketBeat.com’s FREE daily email newsletter.
