NorthCoast Asset Management LLC Has $2.62 Million Holdings in Taylor Morrison Home Corp (TMHC)

NorthCoast Asset Management LLC cut its stake in shares of Taylor Morrison Home Corp (NASDAQ:TMHC) by 9.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 108,927 shares of the construction company’s stock after selling 11,956 shares during the quarter. NorthCoast Asset Management LLC owned approximately 0.18% of Taylor Morrison Home Corp worth $2,615,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the stock. UBS Group AG increased its position in Taylor Morrison Home Corp by 4.7% in the first quarter. UBS Group AG now owns 6,909 shares of the construction company’s stock worth $147,000 after purchasing an additional 307 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Taylor Morrison Home Corp by 20.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,409 shares of the construction company’s stock worth $154,000 after purchasing an additional 1,110 shares during the period. Victory Capital Management Inc. increased its position in Taylor Morrison Home Corp by 17.6% in the second quarter. Victory Capital Management Inc. now owns 7,429 shares of the construction company’s stock worth $178,000 after purchasing an additional 1,114 shares during the period. Paloma Partners Management Co increased its position in Taylor Morrison Home Corp by 10.5% in the first quarter. Paloma Partners Management Co now owns 11,808 shares of the construction company’s stock worth $251,000 after purchasing an additional 1,126 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its position in Taylor Morrison Home Corp by 7.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 19,182 shares of the construction company’s stock worth $409,000 after purchasing an additional 1,363 shares during the period.

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Several research firms have recently issued reports on TMHC. BidaskClub upgraded Taylor Morrison Home Corp from a “strong sell” rating to a “sell” rating in a research report on Tuesday, September 12th. Deutsche Bank AG boosted their target price on Taylor Morrison Home Corp from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Monday, August 7th. Zacks Investment Research cut Taylor Morrison Home Corp from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Finally, ValuEngine upgraded Taylor Morrison Home Corp from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $23.00.

Taylor Morrison Home Corp (NASDAQ TMHC) traded down 1.77% during mid-day trading on Friday, hitting $20.58. The stock had a trading volume of 2,038,559 shares. The stock has a market capitalization of $1.49 billion and a P/E ratio of 12.39. Taylor Morrison Home Corp has a 52 week low of $15.82 and a 52 week high of $24.79. The company’s 50 day moving average is $21.34 and its 200-day moving average is $22.40.

Taylor Morrison Home Corp (NASDAQ:TMHC) last issued its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.08. The company had revenue of $908.49 million during the quarter, compared to the consensus estimate of $849.70 million. Taylor Morrison Home Corp had a net margin of 6.16% and a return on equity of 9.57%. Taylor Morrison Home Corp’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.37 earnings per share. On average, analysts expect that Taylor Morrison Home Corp will post $1.94 EPS for the current fiscal year.

Taylor Morrison Home Corp Profile

Taylor Morrison Home Corporation is a homebuilder, which designs, builds and sells single-family detached and attached homes. The Company is also a land developer, with a portfolio of lifestyle and master-planned communities. Its segments include East, which includes Atlanta, Charlotte, North Florida, Raleigh, Southwest Florida and Tampa; Central, which includes Austin, Dallas, and Houston (each of the Dallas and Houston markets include both a Taylor Morrison division and a Darling Homes division); West, which includes Bay Area, Chicago, Denver, Phoenix, Sacramento and Southern California, and Mortgage Operations, which includes Taylor Morrison Home Funding, LLC (TMHF) and Inspired Title Services, LLC (Inspired Title).

Institutional Ownership by Quarter for Taylor Morrison Home Corp (NASDAQ:TMHC)

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