Ballentine Partners LLC Purchases Shares of 2,872 Taylor Morrison Home Co. (NYSE:TMHC)

Ballentine Partners LLC purchased a new stake in Taylor Morrison Home Co. (NYSE:TMHC) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,872 shares of the construction company’s stock, valued at approximately $202,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Bank of New York Mellon Corp lifted its holdings in shares of Taylor Morrison Home by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,066,470 shares of the construction company’s stock worth $59,125,000 after acquiring an additional 4,638 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Taylor Morrison Home by 271.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 896,032 shares of the construction company’s stock worth $62,955,000 after acquiring an additional 654,541 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Taylor Morrison Home by 7.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 846,270 shares of the construction company’s stock worth $59,459,000 after acquiring an additional 60,021 shares during the period. Wedge Capital Management L L P NC lifted its holdings in shares of Taylor Morrison Home by 1.5% during the 3rd quarter. Wedge Capital Management L L P NC now owns 738,830 shares of the construction company’s stock worth $51,910,000 after acquiring an additional 10,911 shares during the period. Finally, Hodges Capital Management Inc. lifted its holdings in shares of Taylor Morrison Home by 26.4% during the 2nd quarter. Hodges Capital Management Inc. now owns 447,918 shares of the construction company’s stock worth $24,833,000 after acquiring an additional 93,567 shares during the period. 95.16% of the stock is owned by institutional investors.

Taylor Morrison Home Trading Down 0.1 %

TMHC opened at $69.79 on Wednesday. The company has a current ratio of 6.24, a quick ratio of 0.69 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $7.38 billion, a PE ratio of 9.98 and a beta of 1.96. Taylor Morrison Home Co. has a 1-year low of $37.23 and a 1-year high of $71.95. The firm has a 50-day moving average price of $67.71 and a two-hundred day moving average price of $61.79.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.06 by $0.31. The firm had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Taylor Morrison Home had a net margin of 10.39% and a return on equity of 15.91%. The business’s revenue for the quarter was up 26.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.62 earnings per share. As a group, equities analysts anticipate that Taylor Morrison Home Co. will post 8.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Raymond James reaffirmed an “outperform” rating and set a $84.00 price objective (up from $81.00) on shares of Taylor Morrison Home in a report on Tuesday. Zelman & Associates raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a report on Monday, August 12th. Wedbush raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $65.00 to $85.00 in a report on Friday, October 25th. Royal Bank of Canada lifted their price target on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, BTIG Research lifted their price target on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $77.33.

Taylor Morrison Home 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.